Sona BLW Precision Forgings Limited IPO Message Board (Page 9)

Qualified Institutional Buyers (QIBs)      1.04
Non Institutional Investors(NII)      0.07
Retail Individual Investors (RIIs)      1.3
Employee Reserved      0
Reservation PortionShareholder      0
Total      0.82

Will wait till 3 pm , if QIB and NII subscription is significant then only will accept UPI mandate.

Does Zerodha allows payment through UPI only while applying for an IPO. I wish to pay through Net banking but not finding this option. Please let me know.

Yes. You can try some banks like- Axis, SBI which allows ASBA 3rd part IPO bid.

Listing Gain may be at par or not much.
But future seems good.....
Can apply

we can buy on listing day on discount so why apply in ipo ??

Thats a call one needs to take..
by d way i am applied fully

This is my take.
1. Corporate governance, financials, future prospects, growth, Government policies i/r/o EV all is good. Yes. The pricing appears to be steep .This may limit listing gain. But then, about 90% of the issue will be held by investors with deep pockets and will limit loss in case of post issue fall.
2. Promoters getting a bonanza .What is wrong with that? For that matter majority of those who apply are looking for listing gains and are not genuine investors per se. everybody is looking to make a quick buck. That is what a market is all about.
3. This issue is for investors who believe in fundamentals and have patience

After long time you are writting
hope you are fine and every one in your family is keeping good health

Somehow I get a feeling based on analyzing the fundamentals of the company that the listing will be similar to Gland pharma like (15 to 20% gains). ROCE and ROE are 35%. Debt to Equity is 0.2. Valuation is higher side but at the same time it is into high growth and future EV industry.

May be yes... overvalued companies will remain overvalued and undervalued companies remain undervalued

GMP 50

Yes, As per livemint gmp of Sona BLW is Rs. 50 per share

Why are people spreading fake news when in 2019-2020 Sona Comstar transferred 9,024,687 shares with Each share price 396.

Yes you are correct. But as per your figures Blackstone is booking loss than from investment made in Sona comstar. Brother check full details. They have issued bonus shares & because of that costing per share has come down to Rs 33.

https://sonacomstar.com/files/documents/annual-return-mgt-7-2019-2020-document-F78gkZ.pdf please have a look at this document. And explain Thanks in advance.
(Just a learning investor)

Flop Ipo will list in discount

According to MGT 7 of Sona Comstar of 2019-2020 Price per share is 396. I do not know who are the people spreading fake news.

Why there is so less activity in this forum..... Very rare scene

Less GMP

@ DHARMENDRA SHARMA JI,
In pharma- Glanmark, Markson, Aurobindo, Alembic pharma & Cipla
IT- Lt infotech, Wipro, HCl tech, Mindtree
Chem & Fertilizer- Coromandal ,Chambal, Naveen fluorine, Deepak nitrate
Can be considered for medium to long term.
Apart from this
Balrampur Chini/Avadh sugar/EID Party, Bcl industry, Heranba, Marico/Emami, SBI/Icici, L&T, Airtel can also be considered for medium to long term.

Thanks.

Hello Aniket, thanks for your valuable suggestions,
Out of topic, I want help regarding Adani shares, I have huge quantity of Adani power, average buy price is 51, Nsdl freezed 3 Fpi accounts, but adani already gave statement as its ''blatenly erroneous'', what should we do?

Thank you Aniket Ji, Fingers crossed.

Good anchor participants ⚓ looks good to apply from long term perspective

https://www1.nseindia.com/content/ipo/ANCHOR_SONACOMS.zip

@HML, see where UTI (60% profit from listing price), Angel (200% profit from listing price), Anupam Rasayan (50% profit from listing price), SBI card (50% profit from listing price), Macrotech have gone. Listing might not be great but Sona is good for medium/long term. So in conclusion the listing price alone may not decide the future of the company. Slowly market will realise company potential and value them accordingly.

In bull market everything goes up, when correction comes that would test the mantle of each stock.

Coming to this ipo, margins and EV contribution is great and pricing is a downer. Applying for this looking at EV crazy times.

38 Funds have bid for 28608505 share 33.33 % @ Rs 291 for Rs 8325 million
All Anchors investors are good
wait an watch for QIB and HNI application

Premium 12 buyer
Normal 400

which city

Subscription only 10%
lets wait for final day numbers !!!

I think this is one of the best company in its field. Don''t know why people are criticising. I didn''t see anywhere tht company issued shares at RS.33 to promoter in 2019. And face value that time. Can any one share link of that. Or is tht mentioned in Drhp ??
It is also true that Foreign investment firms like Blackstone n Disney invest in unlisted good prospects companies and make huge profits at later stage during their listing.

Singapore VII Topco''s cost of acquisition of shares is Rs 32-33, but it is a PE company. I think it''s not a red flag that they are selling almost half their shares as close to 9x the original investment in just 3 years.

Also, I don''t think why this "9x in 3 years" is enough information to conclude that it''s overvalued. If we want to conclude that we need more information.

Eg: Both Happiest Minds and Route Mobiles have grown almost 5x in less than an year post listing and they don''t seem too overvalued. I know they are in tech sector which has huge growth potential, but so are Infy TCS Wipro and all. My point being, it''s natural for small companies to grow by several order of magnitudes - it''s neither too positive nor too negative, but a natural thing for most companies.

So if people think it''s overvalued because 80x PE is high or because the industry is still suffering from slowdown, then that sounds fair. But the argument of "9x growth in just 3 years" and "PE firm selling half the shares at huge profits" alone do not warrant that conclusion imo.

Thanks all for ur reply, nice explanation .
9 times growth in 3 years is what investment firms Moto, Which is possible only after listing. No listing no gain. I don''t think they r interested in listing day gain of 10-20℅ .
Investment firms take their money and search for another unlisted/start up growth prospect firms where they can get multifold return in small duration. That''s why investment firms sell huge percentage. In fact I feel they are selling less . I may be wrong. Why would a investment firm keep invested if real value of stock is achieved. One reason is negative impact if sold completely , second is still some growth prospect left and third is searching unlisted firms to invest such huge amount which is difficult. These r my personal opinion. I don''t have much knowledge expert knows better.

Profile name is unintentional.

How many no of shares in Retail category

What is GMP today ?

What''s the reason for changing the name of sister firm Sona Steering?