Sona Machinery IPO

Founded in 2019, Sona Machinery Limited produces agricultural machinery for processing rice, pulses, wheat, spices, and Barnyard Millet. The company manufactures Grains Pre-Cleaner machines, Rotary Drum Cleaner, Vibro Classifiers, Stone Separator Machines, Paddy De-Husker, Husk Aspirator, Rice Thick/Thin Grader, Rice Whitener, Silky Polisher, Multi Grader, Length Grader, Belt Conveyer, Bucket Elevator etc. The company exports its products to Nigeria, Bangladesh, Kenya and Nepal. The company has been accredited with ISO 9001:2015 for Quality Management Systems by Das System & Services Pvt Ltd. Sona Machinery's service offering includes engineering, installation, supervision and machine commissioning, providing a complete solution for the milling sector, ranging from grain unloading and milling to pre-crushing for ethanol distilleries and from paddy unloading to rice packing for the rice milling industry. The company's manufacturing facility is located in Ghaziabad, Uttar Pradesh, with a total area of approximately 52,205 sq. ft. and a warehouse for storing material and finished goods. As of September 30, 2023, the company employed over 390 employees, including semi-skilled workers at various levels of the organization.

The company intends to utilize the net proceeds from the issue towards the funding of the following objects: Funding the Capital Expenditure requirements of the company towards setting up a new manufacturing unit at Ghaziabad. Repayment of the outstanding amount of the Letter of Credit availed by the company for the purchase of machinery. General Corporate Purpose

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