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Sona BLW Precision Forgings Limited IPO (Sona Comstar IPO) Detail

Jun 14, 2021 - Jun 16, 2021

Incorporated in 1995, Sona BLW Precision Forgings Limited is one of the leading automotive technology companies in India. The company is primarily engaged in designing, manufacturing, and supplying high-quality mission-critical automotive components such as differential assemblies, gears, conventional and micro-hybrid starter motors, etc.

As per CRISIL Report, it is among the top 10 auto-component manufacturers. In 2020, Sona Comstar was among the top 10 global players for the differential bevel gear segment and among the largest exporters of starter motors in India. The firm supplies its products across the countries such as India, US, Europe, and China. It has 9 manufacturing and assembly facilities across the USA, India (6), China, and Mexico.

Competitive strengths

  • One of the leading manufacturers and suppliers to the global EV market.
  • Large product portfolio.
  • Diversified across automotive geographies, vehicle segments, and customers.
  • Strong Research & Development (R&D) capabilities.
  • Consistent financial performance track record.

Company Promoters:

Sunjay Kapur, Sona Autocomp Holdings Private Limited and Singapore VII Topco III Pte. Ltd are the company promoters.

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in million)
31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 21,748.30 18,506.82 16,325.57
Total Revenue 15,686.41 10,437.65 7,025.01
Profit After Tax 2,151.65 3,603.43 1,731.80

Objects of the Issue:

The net proceeds from the IPO will be utilized towards the following purposes;

  • Repayment or prepayment of company's borrowings fully or partially.
  • General corporate purposes.

Sona Comstar IPO Details

IPO Opening Date Jun 14, 2021
IPO Closing Date Jun 16, 2021
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹285 to ₹291 per equity share
Market Lot 51 Shares
Min Order Quantity 51 Shares
Listing At BSE, NSE
Issue Size[.] Eq Shares of ₹10
(aggregating up to ₹5,550.00 Cr)
Fresh Issue[.] Eq Shares of ₹10
(aggregating up to ₹300.00 Cr)
Offer for Sale[.] Eq Shares of ₹10
(aggregating up to ₹5,250.00 Cr)

Sona Comstar IPO Tentative Timetable

The Sona Comstar IPO open date is Jun 14, 2021, and the close date is Jun 16, 2021. The issue may list on Jun 24, 2021.

IPO Open Date Jun 14, 2021
IPO Close Date Jun 16, 2021
Basis of Allotment Date Jun 21, 2021
Initiation of Refunds Jun 22, 2021
Credit of Shares to Demat Account Jun 23, 2021
IPO Listing Date Jun 24, 2021

Sona Comstar IPO Lot Size

The Sona Comstar IPO market lot size is 51 shares. A retail-individual investor can apply for up to 13 lots (663 shares or ₹192,933).

Application Lots Shares Amount (Cut-off)
Minimum 1 51 ₹14,841
Maximum 13 663 ₹192,933

Sona Comstar IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding 67.30%

Sona Comstar IPO Subscription Status (Bidding Detail)

The Sona Comstar IPO is subscribed 2.28x times on Jun 16, 2021 17:00. The public issue subscribed 1.58x in the retail category, 3.46x in the QIB category, and 0.39x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
QIB

3.46x

NII

0.39x

RII

1.58x

Total

2.28x

Sona Comstar IPO Prospectus

Sona Comstar IPO Rating

972
3.8
Rating:Rated 3.8 stars
Vote Here ...

Sona Comstar IPO Listing Date

Listing Date Thursday, June 24, 2021
BSE Script Code 543300
NSE Symbol SONACOMS
Listing In
ISIN INE073K01018
IPO Price ₹291 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹291.00
₹302.40
₹295.15
₹362.85
₹362.85
NSE
₹291.00
₹301.00
₹295.00
₹361.20
₹361.20

Company Contact Information

Sona BLW Precision Forgings Limited
Sona Enclave Village, Begumpur Khatola
Sector 35, Gurugram - 122004

Phone: +91 0124 476 8200
Email: investor@sonacomstar.com
Website: http://www.sonacomstar.com/

Sona Comstar IPO Registrar

KFintech Private Limited

Phone: 04067162222, 04079611000
Email: sonacomstar.ipo@kfintech.com
Website: https://karisma.kfintech.com/

Sona Comstar IPO FAQs

Sona Comstar IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹5,550.00 Crores. The issue is priced at ₹285 to ₹291 per equity share. The minimum order quantity is 51 Shares.

The IPO opens on Jun 14, 2021, and closes on Jun 16, 2021.

KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Sona Comstar IPO using UPI as a payment gateway. Zerodha customers can apply in Sona Comstar IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Sona Comstar IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Sona Comstar IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Sona Comstar IPO opens on Jun 14, 2021 and closes on Jun 16, 2021.

Sona Comstar IPO lot size is 51 Shares and the minimum order quantity is 51 Shares.

You can apply in Sona Comstar IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Sona Comstar IPO will be done on Jun 21, 2021, and the allotted shares will be credited to your demat account by Jun 23, 2021. Check the Sona Comstar IPO allotment status.

The Sona Comstar IPO listing date is on Thursday, June 24, 2021.

Sona Comstar IPO Message Board

Ranked Members  Ranked Members

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164. sagar dasa |Jul 22, 2021 21:02
Hi All
Request people not to sell a single share of sona blw from your demat account, keep accumulating on monthly basis. Mark my words
''''HOLD 1 LOT OF SHARES UNTIL 2036 U CAN BUY AN APARTMENT IN MUMBAI SOUTH BY SELLING THESE 1 LOT SHARES''''
163. Ashwini Kumar Syal |Jul 22, 2021 19:03
New Member New Member
What should be target to sell
162. ColdBurger |Jun 25, 2021 20:32
Top Contributor Top Contributor (200+ Posts)
Old habbits die hard🤨 Forgotten how my burgers had gone cold with heavy loss. Now I hit Sona @370, lanhi khota na ho jaye next weak. Motive today was to do intra day but ended in delivery😇 God knows why when share hit my account stop moving up that day!
161. VMARU |Jun 25, 2021 23:19
Looks like operator play. Retailers who got allotment better book profit atleast partial.
160. Crow |Jun 25, 2021 11:33
Sona to the stars!!!!
159. Subbiah Ramanathan |Jun 25, 2021 10:24
EAGLE EYE predicted RS.5 AS Grey market premium??????
158. Roxpatel |Jun 25, 2021 09:19
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Shorting started, we may see LC today
157. Mukesh Jain |Jun 24, 2021 20:15
guys, this was a super se bhi upper listing.

I must confess, I made a large HNI application on the day1 of listing and was wondering, if would get an exit at cost, what happen at 1030 this morning, is a different story all together! I am happy, didn''t sell any shares today.

Upon seeing 328-330, I though I will wait until 340, but the way volume cough up, i started expecting there might be a ckt trap!!!

Ckt at 361 got hit, then placed the stop loss order trigger order for 350, which didn''t hit, so still intact with all shares.

Now the question is has a perfect shorters trap being laid!!! how about a second ckt tomorrow???

@ NSE - 4.18Cr shares are traded and 1.87Cr, approx 45% are marked for delivery, important point is when the ckt hasnt opened during the day from around 1130 onwards, there is a very good likelyhood of short traps and tomorrow there might be a gapup opening, there is no free float so where will the stock come from???

lets discuss.
156. ColdBurger |Jun 25, 2021 00:35
Top Contributor Top Contributor (200+ Posts)
OMG, what this phenomenon called!!! Who bought all those shares? Is it a game😱🧐🧐🧐🤷
155. RAKESH PUTHRAN |Jun 14, 2021 18:49
This is the Dark Horse IPO. Good company, also has FI Investors(promotors) and now good anchor Investors. Invest for good gains.Invest after doing your own analysis. Enjoy.
155.1. RAKESH PUTHRAN |Jul 9, 2021 19:24
Has closed at 421 today and Macrotec (Lodha Developers) at 772 . Going on similar trajectory.
154. Lokesh Chiru |Jun 24, 2021 12:23
I have given analysis for Gland pharma as well. Invested 1.2 lakhs in IPO when there was pessimism (chinese promoter) go ->t a profit of 1.2 lakhs (still holding).

You can follow me if you want to make good profit in fundamental good companies. I won''t put analysis if I am not satisfied with the company.

I have posted a message on June 17th and posting again for the benefit of this forum.

@Arun, then is low QIB mean good price? You are telling about a company Chalet which is completely into a different sector and has not posted free cash flow. You are comparing Apples with oranges. High QIB with less HNI means good allotment and decent listing (might/not be spectacular). I can quote many examples of the same where HNI was not subscribed fully but had good QIB demand like HDFC Life, Gland Pharma.

Sona company has 75% QIB, 15% HNI, 10% Retail with overall IPO size of 5500 cr. In this Anchor investor placed almost 2500 cr. Rest 3000 cr, QIB portion is 2250 cr. It has been subscribed 3.5 times in QIB. So investment made by QIBs is close to 8000 cr plus Anchor investor which comes to 10500 cr. HNI is 450 cr and that go subscribed 0.4 times that comes to 180 cr. Retail portion is just 300 cr out of total 5500 cr and got fully subscribed. So QIB allotment will be close to 83%, HNI 7% and Retail 10%. If any selling pressure from retail and HNI which is 480 cr will be more than easily absorbed by QIB. So demand will be more than supply and as a result the stock might perform better than expectations. QIB wont''''t be selling. In fact will be adding more as many QIB who did not get allotment will purchase from open market. Remember that Anchor investor lock-in period is for 1 month which means they can''''t sell within 1 month of listing.

Note: I have explained in detail to give more clarity and is just based on demand and supply and quality of subscription.
I have clearly described Fundamental analysis and future growth prospects of the company in my earlier posts in this forum.
Anchor list is rock solid and reputed institutions have subscribed to it as this company will be leading Auto component manufacturer for EV in near future and strong earning growth and operational metrics.
153. Jay Patel Ahm |Jun 24, 2021 13:45
I remember one song from Karishma kapoor''s movie

Sona kitna sona hai
Sone jaise tera man
Sun zara sun kya kehti hai
Deewane dil ki dhadkan
Sona kitna sona hai
Sone jaise tera man
Sun zara sun kya kehti hai
Deewane dil ki dhadkan
Tu mera tu mera tu mera
Tu mera tu mera hero no.1
Tu mera tu mera tu mera
Tu mera tu mera hero no.1
152. Dr.strange |Jun 24, 2021 17:06
Will circuit revise from tomorrow or same of 20% ??

Is there Chances for upper circuit for tomorrow ?
151. પાકો મિત્તલ ચોદ |Jun 22, 2021 22:30
red siren is played first time among all gmp players for sona blw
so be carefull on listing day

confirmed with delhi, mumbai, rajkot, ahmedabad all r now seller below 0
150. anantagg |Jun 22, 2021 03:11
Guys I''m from Auto Parts Industry. This company is very much overvalued. So don''t expect long term return. They have a very high PE/Ratio, EV/EBITDA and PB/Ratio. Why are people expecting returns on this kind of share. Its just that a FII is a promoters its doesnt mean that the company is good. Please check the financial and fundamental of the company.
149. RayB |Jun 24, 2021 11:33
After hitting the upper circuit, can someone (who possess the shares) still sell them? Or is it done for the day?
148. Rafiq |Jun 24, 2021 10:50
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Remember, I told at the time of Antony, Gland pharma and this time for Sona.. Perfect analysis bring good result. You can check my comments on Message Board, Now Sona up 23%.
147. Rafiq |Jun 24, 2021 11:00
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Circuit lag gaya maamooo. 361.20 (24.12%) up... Enjoy
146. MITTAL |Jun 24, 2021 11:52
Top Contributor Top Contributor (400+ Posts, 1000+ Likes)
मजा आ गया 261.20
सबकी आवाज बन्द CNBC,ZEE अनिल
बड़े बड़े महारथी धराशायी

146.4. vishnu bazar |Jun 25, 2021 14:35
thank s to all
146.5. Spock 🖖 |Jun 25, 2021 15:22
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
UPI 4:30 to 5 PM

:)
145. Regulagedda Ambica Prasad |Jun 16, 2021 13:55
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Lukewarm participation from NII and good response from QIB are blessings in disguise for the retail applicants.Chances of allotment are high. Only the risk taking investors are advised to apply. I made multiple applications each for 1 lot. Optimistic about medium to long term gain.
145.4. Regulagedda Ambica Prasad |Jun 24, 2021 13:05
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Yes. I made 5 multiple applications but each for 1 lot only. Got allotted in all the 5, But I could have applied for maximum lots available under retail for each of the 5 applications. Gain would have been mind boggling.
145.5. lokes |Jun 24, 2021 13:16
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
hmm... No one knows the future