Sona BLW Precision Forgings Limited

Sona BLW Precision Forgings Limited IPO Review

Sona BLW Precision Forgings (Sona Comstar) is a main car innovation organization in India, gaining practical experience in plan, creation and supply of exceptionally designed, strategic auto frameworks and parts. These incorporate differential gatherings, differential cog wheels, regular and miniature half and half starter engines, BSG frameworks, EV foothold engines (BLDC and PMSM) and engine control units. The organization is a provider to car OEMs across US, Europe, India and China, for both electric and non-energized powertrain fragments. 

The organization has nine assembling and get together offices across India, China, Mexico and USA, of which six are situated in India, from where it supplies items to six out of the best 10 worldwide PV OEMs, three out of the best 10 worldwide CV OEMs and seven out of the main eight worldwide farm hauler OEMs by volume. Sona BLW Precision Forgings is a worldwide provider and inferred 75.4% of its pay from offer of merchandise with end-use in the abroad business sectors, incorporating 40.2% in North America, 25.3% in Europe and 5.3% in China and 24.6% of its pay was gotten from offer of products with end-use in India, for the nine months finished 31 December 2020. It is likewise one of the two biggest exporters of starter engines from India.

Subscription Dates

14 – 16 June 2021

Price Band

INR285 – 291 per share

Fresh issue

INR300 crore

Offer For Sale

INR5,700 crore

Total IPO size

INR6,000 crore

Minimum bid (lot size)

51 shares

Face Value 

INR10 per share

Retail Allocation

10%

Listing On

NSE, BSE


FY2018

FY2019

FY2020

9M FY2021

 

Revenue

625.9

702.5

1,043.8

1,029.6

Expenses

494.8

548.0

888.8

818.6

Comprehensive income

55.2

173.8

331.7

154.3

Margin (%)

8.8

24.7

31.8

15.0

 

Earnings Per Share (EPS): INR7.06

Price/Earnings (PE ratio): 40.37 – 41.22

Return on Net Worth (RONW): 30.6%

Net Asset Value (NAV): INR23.07 per share

 

Date

GMP (in Rs)

GMP (in Rs)

Kostak (in Rs)

23 June 2021

22

550

 

22 June 2021

20

250

 

21 June 2021

15

1200

 

20 June 2021

12

750

 

19 June 2021

9

500

 

Listing Performance of Sona BLW Precision Forgings Limited IPO

Company Name

Listed On

Issue Price

Listing Day Close

Listing Day Gain

Sona BLW Precision Forgings Limited

Jun 24, 2021

291

362.85

24.69%

NSE : SONACOMS

BSE : 543300ISIN 

CODE : INE073K01018

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IPO Opening Date: 14 June 2021

IPO Closing Date: 16 June 2021

Finalisation of Basis of Allotment: 21 June 2021

Initiation of refunds: 22 June 2021

Transfer of shares to demat accounts: 23 June 2021

Listing Date: 24 June 2021

Opening Price on NSE: INR301 per share (up 3.44% from IPO price)

Closing Price on NSE: INR361.2 per share (up 24.12% from IPO price)

Sona BLW Precision Forgings Limited Sona Enclave Village,

Begumpur Khatola Sector 35, Gurugram

Haryana – 122004

Phone: +91 0124 476 8200

Email: investor@sonacomstar.com

Website: www.sonacomstar.com

KFin Technologies Private Limited,Selenium Tower B, Plot 31-32,

Gachibowli, Nanakramguda,

Hyderabad – 500 032, Telangana

Phone: +91 40 6716 2222

Fax: +91 40 2343 1551

Email: einward.ris@kfintech.com

Website: www.kfintech.com

Category

Shares offered

Subscription (no. of times, at 5 PM)

Day 1

Day 2

Day 3

QIB

5,84,21,052

0.02

0.13

3.46

NII

2,92,10,526

0.01

0.04

0.30

Retail

1,94,73,684

0.51

1.00

1.54

 

 

 

 

 

Total

10,71,05,262

0.11

0.26

2.25



Sona BLW Precision Forgings Limited IPO FAQ's

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 initial public offering (IPO) begins on Jun 14, 2021,and ends on Jun 16, 2021.The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the BSE and NSE.




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.

SONA COMSTAR IPO can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications..Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.

The 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 BLW Precision Forgings Limited IPO Comments