Sona Machinery Limited receives NSE approval for its 5-7 Mar IPO with a Rs 136-143 price band, aiming to raise funds for expansion.

Sona Machinery Limited received NSE approval for its 5-7 Mar IPO, with a Rs 136-143 price band. The fresh issue of up to 3.62M equity shares aims to raise funds for expansion, including a new manufacturing unit in Ghaziabad, and has a minimum allocation of 35% for retail investors and 15% for non-institutional investors. The company specializes in agro-processing solutions for grains and pulses.

March 04, 2024
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