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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 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

Sona Comstar IPO Date Jun 14, 2021 to Jun 16, 2021
Sona Comstar IPO Face Value ₹10 per share
Sona Comstar IPO Price ₹285 to ₹291 per share
Sona Comstar IPO Lot Size 51 Shares
Issue Size[.] shares of ₹10
(aggregating up to ₹5,550.00 Cr)
Fresh Issue[.] shares of ₹10
(aggregating up to ₹300.00 Cr)
Offer for Sale[.] shares of ₹10
(aggregating up to ₹5,250.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Company Promoters

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

Sona Comstar IPO Timeline (Tentative Timetable)

Sona Comstar IPO opens on Jun 14, 2021, and closes on Jun 16, 2021. The Sona Comstar IPO bid date is from Jun 14, 2021 10.00 A.M. to Jun 16, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Sona Comstar IPO Opening Date Jun 14, 2021
Sona Comstar IPO Closing Date Jun 16, 2021
Basis of Allotment Jun 21, 2021
Initiation of Refunds Jun 22, 2021
Credit of Shares to Demat Jun 23, 2021
Sona Comstar IPO Listing Date Jun 24, 2021

Sona Comstar IPO Lot Size

The Sona Comstar IPO 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
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 Review

Due to the pandemic, the auto sector has suffered a severe setback. However, considering the prospects of SBPFL that are hinged with the progress in the EV segment. Thus it becomes a pure long term investment offer. Based on its financial data, the issue appears fully priced. Investors may consider an investment with a long term perspective. Read detail review...

New Sona Comstar IPO Recommendation by Members

Sona Comstar IPO Recommendations Details | Post Recommendation | Manage Recommendations

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Sona Comstar IPO Subscription Status (Bidding Detail)

The Sona Comstar IPO is subscribed 2.28 times on Jun 16, 2021 5:00:00 PM. The public issue subscribed 1.58 times in the retail category, 3.46 times in the QIB category, and 0.39 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB3.46
NII0.39
Retail1.58
Total2.28

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 share
Face Value ₹10 per 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

KFin Technologies 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 share. The minimum order quantity is 51 Shares.

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

KFin Technologies 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 .

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.
Open an Instant Account with Zerodha

Sona Comstar IPO Message Board

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463 Comments

220. Sandy |   Link |Jul 26, 2021 9:52:45 PM
still blocked in SBI ASBA , May be clear by 11 pm
219. sagar dasa |   Link |Jul 22, 2021 9:02:58 PM
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''''
218. Ashwini Kumar Syal |   Link |Jul 22, 2021 7:03:05 PM
What should be target to sell
217. RAKESH PUTHRAN |   Link |Jun 14, 2021 6:49:03 PM
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.
217.1. RAKESH PUTHRAN |   Link |Jun 24, 2021 10:16:36 PM
Told you in advance.Going exactly like Lodha (Macrotech). Enjoy.
217.2. RAKESH PUTHRAN |   Link |Jul 9, 2021 7:24:06 PM
Has closed at 421 today and Macrotec (Lodha Developers) at 772 . Going on similar trajectory.
216. Sabarish R |   Link |Jul 7, 2021 12:41:48 PM
Why suddenly sona comms is shooting up.
Today at a all time high
Any news??
215. sagar dasa |   Link |Jul 7, 2021 1:08:17 AM
Hi All
Request people not to sell a single share 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''
214. ColdBurger |   Link |Jun 25, 2021 8:32:00 PM
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
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!
214.2. Rajeev Kk |   Link |Jun 26, 2021 7:37:16 AM
My advice is to stay invested for long term and not think on some short term gains. My 2 lots from ipo are still with me and I will add further lots if it corrects. Think multifold returns and not immediate 10-20% gains
214.3. Rajeev Kk |   Link |Jul 2, 2021 8:11:24 PM
Hope you got the exit today. I had accumulated few @335 yday and sold today. My lots from ipo are still with me though.
213. parmod gupta |   Link |Jun 29, 2021 1:01:40 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
मेरा सभी महानुभावो से अनुरोध है कि नकारात्मक टिप्पणी एक दूसरे के कमेंट पर ना करे क्योंकि ऐसा करने से एक एक करके बहुत सारे कीमती हीरे यहां से लगभग जा चुके है जिनमे Septa और Eagleye प्रमुख है Eagleye अगर यहां है भी तो सिर्फ नाममात्र के लिए
और मेरा सभी IPO GURU से अनुरोध है कि कृपया नकारात्मक लोगो पर ध्यान न दे और आपना अच्छा काम लोगो को पैसे बनाने में करते रहे क्योंकि ऐसे नकारात्मक सोच के लोग हर जगह मिलते है जो समाज और यहां इस फोरम को दूषित करने का काम कर रहे हैं

मेरा chittorgarh. com admin से भी विनम्र अनुरोध है कृपया करके ऐसे नकारात्मक लोगो की id ब्लॉक करे या फिर उनके घटिया पोस्ट को delete करे जिससे कि इस फोरम की गुणवत्ता बनी रहे वर्ना जैसे ही लोगो को कोई दूसरा फोरम जिस दिन मिल जाएगा सब experts लोग यहां से चले जायेंगे
212. Subbiah Ramanathan |   Link |Jun 29, 2021 4:11:38 AM
ONLY 4.77 Percentage is with public/individual share holders, hold for long term
211. VMARU |   Link |Jun 25, 2021 11:19:15 PM
Looks like operator play. Retailers who got allotment better book profit atleast partial.
211.1. Aniruddh Patel |   Link |Jun 26, 2021 11:06:39 AM
How did you know its operator play ? How did we know that ?
210. Crow |   Link |Jun 25, 2021 11:33:35 AM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Sona to the stars!!!!
209. Subbiah Ramanathan |   Link |Jun 25, 2021 10:24:15 AM
EAGLE EYE predicted RS.5 AS Grey market premium??????
208. XYZ Investor |   Link |Jun 25, 2021 9:27:11 AM
Upper circuit touching soon!! Buy Buy Buy
208.1. Manup |   Link |Jun 25, 2021 10:18:09 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Not buy buy now it''s bye bye
207. Roxpatel |   Link |Jun 25, 2021 9:19:49 AM
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
Shorting started, we may see LC today
207.1. Msharma |   Link |Jun 25, 2021 9:27:07 AM
Sirf ghabrana nahi hai.

206. Mukesh Jain |   Link |Jun 24, 2021 8:15:18 PM
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.
206.1. Manmohan garg |   Link |Jun 25, 2021 7:10:04 AM
If it is a shorters trap, than not good for investors as it is rather speculation. But it is a large issue and normally speculation happens in small size issues. Buzzing Electric vehicle themes might be the reason behind its move.
206.2. Lokesh Chiru |   Link |Jun 25, 2021 8:35:39 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
@Mukesh, I am not sure about another upper circuit and more chances of going up today as well.

Few reasons:
1. Demand is far more than supply (Especially from QIB)
2. Fresh retailers and HNIs entering stock as they have missed applying IPOs and now buying from open market.
3. ESG company and sound fundamentals.
205. ColdBurger |   Link |Jun 25, 2021 12:35:34 AM
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
OMG, what this phenomenon called!!! Who bought all those shares? Is it a game😱🧐🧐🧐🤷
204. Lokesh Chiru |   Link |Jun 24, 2021 12:23:14 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
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.
204.3. Mukesh Jain |   Link |Jun 24, 2021 8:34:54 PM
Dear Lokesh:

i posted one message about the possibility to 2nd ckt tomorrow 25 Jun? any views?
All due to very low floating stock, 1.8Cr delivery on 4.2 Cr chare trade? so if all retail and HNIs have sold then there is no floating stock,

as you state about the is less than 12-15% of the total float ~ 600 Cr on 5500 and the delivery are more than that, some drama is possible tomorrow for short deliveries today!!!!
204.4. Roxpatel |   Link |Jun 24, 2021 9:53:08 PM
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
Good info, but timing is wrong, can you post some analysis for IPL too

Thanks
203. Jay Patel Ahm |   Link |Jun 24, 2021 1:45:49 PM
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
203.1. Dr.strange |   Link |Jun 24, 2021 2:32:15 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
😂😂😂🙏🙏
203.2. Roxpatel |   Link |Jun 24, 2021 9:50:36 PM
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
😂
202. Dr.strange |   Link |Jun 24, 2021 5:06:22 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Will circuit revise from tomorrow or same of 20% ??

Is there Chances for upper circuit for tomorrow ?
202.1. ganesh jaiswal |   Link |Jun 24, 2021 7:12:07 PM
IPO Guru IPO Guru (1000+ Posts, 600+ Likes)
20% circuit for two days the only circuit revision.
202.2. Dr.Bhavy |   Link |Jun 24, 2021 7:54:26 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
So, two days including listing day ?
Or
Listing day + another two days


201. પાકો મિત્તલ ચોદ |   Link |Jun 22, 2021 10:30:29 PM
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
201.3. Rajeev Kk |   Link |Jun 24, 2021 5:50:06 PM
He has been hospitalized after seeing the listing.
201.4. Crow |   Link |Jun 24, 2021 7:38:06 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
@Rajeev, let''s admit him to KIMS.