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 completely a contemporary situation of 36.24 lakh fairness shares.
Farm tools producer Sona Equipment on Thursday stated it has filed draft papers with NSE’s small and medium enterprise platform, NSE Emerge, to boost funds by means of an Preliminary Public Providing (IPO).
The IPO is completely a contemporary situation of 36.24 lakh fairness shares, the corporate stated in a press release.
Proceeds from the difficulty can be utilised for organising a brand new manufacturing unit to develop its operational capabilities and manufacturing output to cater to the ever-rising demand for its merchandise amongst clients.
By way of these measures, Sona Equipment goals to fulfil the rising demand for grain-processing tools throughout the home market in India as effectively.
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 book-running supervisor for the proposed providing.
