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

June 14, 2021 - June 16, 2021

Sona Comstar IPO is a book built issue of Rs 5,550.00 crores. The issue is a combination of fresh issue of Rs 300.00 crores and offer for sale of Rs 5,250.00 crores.

Sona Comstar IPO bidding started from June 14, 2021 and ended on June 16, 2021. The allotment for Sona Comstar IPO was finalized on Monday, June 21, 2021. The shares got listed on BSE, NSE on June 24, 2021.

Sona Comstar IPO price band is set at ₹285 to ₹291 per share. The minimum lot size for an application is 51 Shares. The minimum amount of investment required by retail investors is ₹14,841.

Credit Suisse Securities (India) Private Limited, J.P. Morgan India Private Limited, Jm Financial Limited, Kotak Mahindra Capital Company Limited and Nomura Financial Advisory And Securities (India) Pvt Ltd are the book running lead managers of the Sona Comstar IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to Sona Comstar IPO RHP for detailed information.

Sona Comstar IPO Details

IPO Date June 14, 2021 to June 16, 2021
Listing Date June 24, 2021
Face Value ₹10 per share
Price Band ₹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

Sona Comstar IPO Reservation

Sona Comstar IPO offers 107,105,262 shares. 58,421,052 (54.55%) to QIB, 29,210,526 (27.27%) to NII, 19,473,684 (18.18%) to RII. 381,836 RIIs will receive minimum 51 shares and (sNII) and (bNII) will receive minimum 714 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered58,421,052 (54.55%)NA
NII (HNI) Shares Offered29,210,526 (27.27%)
Retail Shares Offered19,473,684 (18.18%)381,836
Total Shares Offered107,105,262 (100%)

Sona Comstar IPO Timeline (Tentative Schedule)

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

IPO Open Date Monday, June 14, 2021
IPO Close Date Wednesday, June 16, 2021
Basis of Allotment Monday, June 21, 2021
Initiation of Refunds Tuesday, June 22, 2021
Credit of Shares to Demat Wednesday, June 23, 2021
Listing Date Thursday, June 24, 2021
Cut-off time for UPI mandate confirmation 5 PM on June 16, 2021

Sona Comstar IPO Lot Size

Investors can bid for a minimum of 51 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 51 ₹14,841
Retail (Max) 13 663 ₹192,933
Lot Size Calculator

Sona Comstar IPO Promoter Holding

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

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

About Sona BLW Precision Forgings Limited

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 (Sona Comstar IPO Objectives)

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 Review (May apply)

[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...

Sona Comstar IPO Subscription Status (Bidding Detail)

The Sona Comstar IPO is subscribed 2.28 times on June 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)

Sona Comstar IPO Prospectus

Sona Comstar IPO Rating

Rating:Rated 3.8 stars
Vote Here ...

Sona Comstar IPO Listing Details

Listing Date June 24, 2021
BSE Script Code 543300
ISIN INE073K01018
Final Issue Price ₹291 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Sona BLW Precision Forgings Limited Contact Details

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

Phone: +91 0124 476 8200

Sona Comstar IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000

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 June 14, 2021, and closes on June 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 June 14, 2021 and closes on June 16, 2021.

Sona Comstar IPO lot size is 51 Shares, and the minimum amount required is ₹14,841.

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 Monday, June 21, 2021, and the allotted shares will be credited to your demat account by Wednesday, June 23, 2021. Check the Sona Comstar IPO allotment status.

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

Ranked Members of Forum  Ranked Members | Members with Most Likes



220. Sandy |   Link |  Bookmark |July 26, 2021 9:52:45 PM
still blocked in SBI ASBA , May be clear by 11 pm
219. sagar dasa |   Link |  Bookmark |July 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
218. Ashwini Kumar Syal |   Link |  Bookmark |July 22, 2021 7:03:05 PM
What should be target to sell
217. RAKESH PUTHRAN |   Link |  Bookmark |June 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 |  Bookmark |June 24, 2021 10:16:36 PM
Told you in advance.Going exactly like Lodha (Macrotech). Enjoy.
217.2. RAKESH PUTHRAN |   Link |  Bookmark |July 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 |  Bookmark |July 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 |  Bookmark |July 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
214. ColdBurger |   Link |  Bookmark |June 25, 2021 8:32:00 PM
IPO Mentor IPO Mentor (1300+ Posts, 400+ 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 |  Bookmark |June 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 |  Bookmark |July 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 |  Bookmark |June 29, 2021 1:01:40 PM
Top Contributor Top Contributor (300+ Posts, 300+ 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 |  Bookmark |June 29, 2021 4:11:38 AM
ONLY 4.77 Percentage is with public/individual share holders, hold for long term
211. VMARU |   Link |  Bookmark |June 25, 2021 11:19:15 PM
Looks like operator play. Retailers who got allotment better book profit atleast partial.
211.1. Aniruddh Patel |   Link |  Bookmark |June 26, 2021 11:06:39 AM
How did you know its operator play ? How did we know that ?
210. Crow |   Link |  Bookmark |June 25, 2021 11:33:35 AM
IPO Mentor IPO Mentor (700+ Posts, 900+ Likes)
Sona to the stars!!!!
209. Subbiah Ramanathan |   Link |  Bookmark |June 25, 2021 10:24:15 AM
EAGLE EYE predicted RS.5 AS Grey market premium??????
208. XYZ Investor |   Link |  Bookmark |June 25, 2021 9:27:11 AM
Upper circuit touching soon!! Buy Buy Buy
208.1. Manup |   Link |  Bookmark |June 25, 2021 10:18:09 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Not buy buy now it''s bye bye
207. Roxpatel |   Link |  Bookmark |June 25, 2021 9:19:49 AM
IPO Mentor IPO Mentor (600+ Posts, 700+ Likes)
Shorting started, we may see LC today
207.1. Msharma |   Link |  Bookmark |June 25, 2021 9:27:07 AM
Sirf ghabrana nahi hai.

206. Mukesh Jain |   Link |  Bookmark |June 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 |  Bookmark |June 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 |  Bookmark |June 25, 2021 8:35:39 AM
Top Contributor Top Contributor (400+ Posts, 200+ 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 |  Bookmark |June 25, 2021 12:35:34 AM
IPO Mentor IPO Mentor (1300+ Posts, 400+ Likes)
OMG, what this phenomenon called!!! Who bought all those shares? Is it a game😱🧐🧐🧐🤷
204. Lokesh Chiru |   Link |  Bookmark |June 24, 2021 12:23:14 PM
Top Contributor Top Contributor (400+ Posts, 200+ 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 |  Bookmark |June 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 |  Bookmark |June 24, 2021 9:53:08 PM
IPO Mentor IPO Mentor (600+ Posts, 700+ Likes)
Good info, but timing is wrong, can you post some analysis for IPL too

203. Jay Patel Ahm |   Link |  Bookmark |June 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 |  Bookmark |June 24, 2021 2:32:15 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
203.2. Roxpatel |   Link |  Bookmark |June 24, 2021 9:50:36 PM
IPO Mentor IPO Mentor (600+ Posts, 700+ Likes)
202. Dr.strange |   Link |  Bookmark |June 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 |  Bookmark |June 24, 2021 7:12:07 PM
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
20% circuit for two days the only circuit revision.
202.2. Dr.Bhavy |   Link |  Bookmark |June 24, 2021 7:54:26 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
So, two days including listing day ?
Listing day + another two days

201. પાકો મિત્તલ ચોદ |   Link |  Bookmark |June 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 |  Bookmark |June 24, 2021 5:50:06 PM
He has been hospitalized after seeing the listing.
201.4. Crow |   Link |  Bookmark |June 24, 2021 7:38:06 PM
IPO Mentor IPO Mentor (700+ Posts, 900+ Likes)
@Rajeev, let''s admit him to KIMS.