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 DateJun 14, 2021
IPO Closing DateJun 16, 2021
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹285 to ₹291 per equity share
Market Lot51 Shares
Min Order Quantity51 Shares
Listing AtBSE, 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 DateJun 14, 2021
IPO Close DateJun 16, 2021
Basis of Allotment DateJun 21, 2021
Initiation of RefundsJun 22, 2021
Credit of Shares to Demat AccountJun 23, 2021
IPO Listing DateJun 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).

ApplicationLotsSharesAmount (Cut-off)
Minimum151₹14,841
Maximum13663₹192,933

Sona Comstar IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding67.30%

Sona Comstar IPO Prospectus

Sona Comstar IPO Rating

940
3.8
Rating:Rated 3.8 stars

Vote Here ...

Sona Comstar IPO Registrar

KFintech Private Limited
   KFintech, Tower-B, Plot No 31 & 32,
   Financial District, Nanakramguda, Gachibowli,
   Hyderabad, Telangana India - 500 032.

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

Sona Comstar IPO FAQs

  1. What is Sona Comstar IPO?

    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.

  2. How to apply in Sona Comstar IPO through Zerodha?

    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.

  3. When Sona Comstar IPO will open?

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

  4. What is the lot size of Sona Comstar IPO?

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

  5. How to apply for Sona Comstar IPO?

    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.

  6. When Sona Comstar IPO allotment?

    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.

  7. When is Sona Comstar IPO listing date?

    The Sona Comstar IPO listing date is not yet announced. The tentative date of Sona Comstar IPO listing is Jun 24, 2021.

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