Understanding Sona Machinery IPO GMP
An Upcoming IPO GMP is the process by which a private company goes public.
An Upcoming IPO GMP is the process by which a private company goes public. When a company goes public, it works with investment banks to bring its shares to the public market, which necessitates extensive due diligence, advertising, and regulatory compliance. Sona Machinery Limited IPO GMP, formed in 2001, manufactures agricultural processing equipment.
Sona Machinery IPO is a book-built issuance worth Rs 51.82 crore. The offering is wholly new, totaling 36.24 lakh shares. sona machinery ipo subscription status will be available on March 5, 2024, and will close on March 7. The allotment for the Sona Machinery IPO is expected to be completed on Monday, March 11, 2024. Sona Machinery’s IPO will be listed on NSE SME, with a tentative listing date of March 13, 2024.
Sona Machinery IPO GMP price range is set at ₹170 to ₹180 per share. The minimum lot size for an application is 800 shares. Retail investors require a minimum investment of ₹144,000. The minimum investment for HNI is 2 lots (1,600 shares) worth ₹288,000. The Sona Machinery IPO GMP today is ₹72.