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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
IPO Date | Jun 14, 2021 to Jun 16, 2021 |
Listing Date | Jun 24, 2021 |
Face Value | ₹10 per share |
Price | ₹285 to ₹291 per share |
Lot Size | 51 Shares |
Total Issue Size | [.] shares (aggregating up to ₹5,550.00 Cr) |
Fresh Issue | [.] shares (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 |
QIB Shares Offered | 58,421,052 (54.55%) |
NII (HNI) Shares Offered | 29,210,526 (27.27%) |
Retail Shares Offered | 19,473,684 (18.18%) |
Total Shares Offered | 107,105,262 |
Sona Comstar IPO opens on Jun 14, 2021, and closes on Jun 16, 2021.
Event | Tentative Date |
---|---|
Opening Date | Jun 14, 2021 |
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 |
Listing Date | Jun 24, 2021 |
UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
The Sona Comstar IPO lot size is 51 shares.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 51 | ₹14,841 |
Retail (Max) | 13 | 663 | ₹192,933 |
Lot Size Calculator |
Sunjay Kapur, Sona Autocomp Holdings Private Limited and Singapore VII Topco III Pte. Ltd are the company promoters.
Pre Issue Share Holding | 100% |
Post Issue Share Holding | 67.30% |
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 |
The net proceeds from the IPO will be utilized towards the following purposes;
[Dilip Davda] 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...
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)
Category | Subscription (times) |
---|---|
QIB | 3.46 |
NII | 0.39 |
Retail | 1.58 |
Total | 2.28 |
Listing Date | Jun 24, 2021 |
BSE Script Code | 543300 |
NSE Symbol | SONACOMS |
ISIN | INE073K01018 |
Final Issue Price | ₹291 per share |
Price Details |
---|
Final Issue 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 |
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/
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: sonacomstar.ipo@kfintech.com
Website: https://karisma.kfintech.com/
Lead Manager Reports
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
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, Nuvama, 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.
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