For fiscal 2023, Sona generated income from operations of Rs 80.97 crore and revenue after tax of Rs 7.71 crore.
The IPO is fully a recent difficulty of 36.24 lakh fairness shares.
Farm tools producer Sona Machinery on Thursday stated it has filed draft papers with NSE’s small and medium enterprise platform, NSE Emerge, to lift funds by an Initial Public Offering (IPO).
The IPO is fully a recent difficulty of 36.24 lakh fairness shares, the corporate stated in an announcement.
Proceeds from the problem can be utilised for establishing a brand new manufacturing unit to broaden its operational capabilities and manufacturing output to cater to the ever-rising demand for its merchandise amongst prospects.
Through these measures, Sona Machinery goals to fulfil the rising demand for grain-processing tools throughout the home market in India as nicely.
For fiscal 2023, Sona generated income from operations of Rs 80.97 crore and revenue after tax of Rs 7.71 crore.
Hem Securities would be the sole guide-working supervisor for the proposed providing.
