Saturday, June 05, 2021

Sona Comstar IPO Date, Review, Price, Form & Market Lot Details

Sona Comstar IPO to hit the market on 14 June 2021 and closes on 16 June 2021. The company to raise ₹5550 crores via initial public offer.
 
Sona BLW Precision Forgings aka Sona Comstar filed a DRHP in February 2021 and the Sona BLW IPO launch date is 14 June and closes on 16 June 2021. The company plans to raise ₹5,000 crore through the initial share sale which will consist of a fresh issue of equity shares worth Rs 300 crore and an offer for sale (OFS) by existing shareholders. The company is one of the leading automotive parts manufacturer in India. The company is backed by PE major Blackstone and Sona Group. Check out Sona BLW Precision Forgings IPO details.
 
Facts:
As per CRISIL Report, Sona Comstar is one of the top 10 auto-component manufacturers. In 2020, Sona Comstar was listed in top 10 global players for the differential bevel gear segment and among the largest exporters of starter motors in India. They supplies their products in India, USA, Europe, and China. They have 9 manufacturing and assembly facilities across the USA, India (6), China, and Mexico.
 
Sona Comstar IPO: On Friday, the firm raised ₹2,498 crore from anchor investors, the third largest anchor book size ever after SBI Cards and Payment Services and PowerGrid InvIT. The amount raised is 45 per cent of the total IPO size of ₹5,550 crore.
Sona BLW Precision Forgings



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    Sona Comstar IPO Date & Price Band

     IPO Open:  14 June 2021
     IPO Close:  16 June 2021
     IPO Size:  Approx ₹5550 Crores
     Fresh Issue:  Approx ₹300 Crores
     Offer for Sale:  Approx ₹5250 Crores
     Face Value:  ₹10 Per Equity Share
     Price Band:  ₹285 to ₹291 Per Share
     Listing on:  BSE & NSE
     Retail Portion:  10%
     Equity:  - Shares

    Sona Comstar IPO Market Lot

    The Sona BLW Precision Forgings IPO minimum market lot is 51 shares with ₹14,841 application amount. The retail investors can apply up-to 13 lots with 663 shares or ₹1,92,933 amount.
     
     Minimum Lot Size:  Minimum 51 Shares
     Minimum Amount:  ₹14,841
     Maximum Lot Size:  Maximum 663 Shares
     Maximum Amount:  ₹1,92,933

    Sona Comstar IPO Allotment & Listing

    The Sona BLW Precision Forgings IPO date is 14 June and the close date is 16 June. The allotment date is 21 June and the IPO to list on 24 June 2021.
     
     Basis of Allotment:  21 June 2021
     Refunds:  22 June 2021
     Credit to Demat Account:  23 June 2021
     Listing Date:  24 June 2021

    Sona Comstar IPO Form

    How to apply the Sona BLW Precision Forgings IPO? You can apply Sona BLW Precision Forgings IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Sona BLW Precision Forgings IPO in the Invest section. The other option you can apply Sona BLW Precision Forgings IPO via IPO forms download via NSE and BSE. Check out the Sona BLW Precision Forgings forms - click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.


    Sona Comstar Company Financial Report

    The company has strong financial results with Revenues are growing every year. The revenue increased 12% in 2019 compare to 2018 while it jumped 48% in 2020 compared to 2020. PAT also looks promising that is over 100% zoomed in 2020 from 2019. In last 9 months company has reported 1030 crores of revenues and 155 crores of profit. The upcoming results will be promising so we suggest investors to subscribe the IPO with full force.

      ₹ in Crores

    Revenue Expense PAT
    2018 ₹626 ₹495 ₹77.57
    2019 ₹703 ₹548 ₹173.18
    2020 ₹1044 ₹889 ₹360.34
    2021 9M
    ₹1030 ₹819 ₹155.46

    Company Promoters

    • SUNJAY KAPUR
    • SONAAUTOCOMP HOLDING PRIVATE LIMITED
    • SINGAPORE VII TOPCO III PTE. LTD.

    About Sona BLW Precision aka Sona Comstar

    We are a technology and innovation driven company. With a strong focus on R&D, we develop mechanical and electrical hardware systems, components as well as base and application software solutions, to meet the evolving demands of our customers. We are one of a few companies globally, with the ability to design high power density EV systems handling high torque requirements with a lightweight design, while meeting stringent durability, performance and NVH specifications, enabling EV manufacturers to enhance the vehicle range, acceleration and the overall efficiency.  We aim to capture the growth trend in revenue realization per component with increasing electrification by continuously investing in R&D to develop and deliver new and innovative systems and components. With our customers continuously focusing on weight reduction in EVs to enhance the range, augment the vehicle’s acceleration and improve overall efficiency, we have been developing solutions and alternatives for improving the power density and lightweighting of our differential assemblies and EV Traction Motors (BLDC and PMSM) and motor control units through our R&D efforts. With the evolving vehicle electrification trend, a key area of our focus is on integrating the powertrain and the drivetrain components by creating an integrated drive unit. Control systems and software are becoming a critical part of powertrains. We have developed extensive in-house capability to develop embedded systems and application software, along with integration capabilities to offer our customers a complete solution.
     
    We are among the limited number of players who are well placed to combine our motor and driveline capabilities to offer a compelling value proposition to our EV customer base. Integrated drive units have three key components namely, differential assembly, high voltage traction motors and high voltage inverters. Since we already manufacture electric drive motors and inverters for electric 2-wheelers and hybrid PVs, as well as differential assemblies for battery electric passenger vehicles, we are in a unique position to integrate the three key constituents of the electric powertrain into a single matched unit, offering an efficient and compact solution to EV OEMs.

    Quick Links

    DRHP Draft Prospectus
    RHP Draft Prospectus

    Sona Comstar IPO Registrar

    KFin Technologies  Private  Limited
    (formerly   known   as Karvy   FintechPrivate Limited)
    Selenium Tower-B, Plot 31 & 32 Gachibowli,
    Financial District, Nanakramguda,
    Serilingampally,
    Hyderabad, Telangana–500032
    Tel: +91 40 6716 2222
    E-mail: sonacomstar.ipo@kfintech.com
    Investor Grievance E-mail: einward.ris@kfintech.com
    Website: www.kfintech.com
    Contact Person: M Murali Krishna
    SEBI Registration No.: INR000000221
    Note: Check Sona BLW Precision Forgings IPO allotment status on KFintech website allotment URL. Click Here

    Sona Comstar IPO Lead Managers

    • Kotak Mahindra Capital Company Limited
    • Credit Suisse Securities (India) Private Limited
    • JM Financial Limited
    • J.P. Morgan India Private Limited
    • Nomura Financial Advisory and Securities (India) Private Limited

    Company Address

    Sona BLW Precision Forgings Limited
    Sona Enclave Village, Begumpur Khatola,
    Sector 35, Gurugram, Haryana–122004
    Telephone:+91 0124 476 8200
    Contact Person: Ajay Pratap Singh
    Vice President (Legal), Company Secretary and Compliance Officer
    E-mail:investor@sonacomstar.com
    Website: www.sonacomstar.com
    Corporate Identity Number: U27300HR1995PLC083037

    Sona Comstar IPO FAQs


    What is Sona Comstar IPO?

    Sona BLW Precision Forgings IPO is a main-board IPO. They are going to raise ₹5550 Crores via IPO. The issue is priced at ₹285 to ₹291 per equity share. The IPO to be listed on BSE & NSE.

    When Sona Comstar IPO will open?

    The IPO is to open on 14 June 2021 for QIB, NII, and Retail Investors.

    What is Sona Comstar IPO Investors Portion?

    The investors' portion for QIB 75%, NII 15%, and Retail 10%.

    How to Apply the Sona Comstar IPO?

    You can apply Sona BLW Precision Forgings IPO via ASBA online via your bank account. You can also apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

    How to Apply the Sona Comstar IPO through Zerodha?

    Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name "Sona BLW Precision Forgings". Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.

    What is Sona Comstar IPO Size?

    Sona BLW Precision Forgings IPO size is ₹5550 crores.

    What is Sona Comstar IPO Price Band?

    Sona BLW Precision Forgings IPO Price Band is ₹290 to ₹291.

    What is Sona Comstar IPO Minimum and Maximum Lot Size?

    The minimum bid is 51 Shares with ₹14,841 amount while maximum bid is 663 shares with ₹1,92,933.

    What is Sona Comstar IPO Allotment Date?

    Sona BLW Precision Forgings IPO allotment date is 21 June 2021.

    What is Sona Comstar IPO Listing Date?

    Sona BLW Precision Forgings IPO listing date is 24 June 2021. The IPO to list on BSE and NSE.

    Note: The Sona BLW Precision Forgings IPO details added as it will be officially announced. The IPO grey market premium (Sona Comstar IPO Premium) will be added on the IPO grey market page as it will start)