Bookbuilding IPO | ₹5,550 Cr | Listed at BSE, NSE | Mon, Jun 14, 2021 - Wed, Jun 16, 2021
Sona BLW Precision Forgings IPO is a book build issue of ₹5,550.00 crores. The issue is a combination of fresh issue of 1.03 crore shares aggregating to ₹300.00 crores and offer for sale of 18.04 crore shares aggregating to ₹5,250.00 crores.
Sona BLW Precision Forgings IPO bidding started from Jun 14, 2021 and ended on Jun 16, 2021. The allotment for Sona BLW Precision Forgings IPO was finalized on Jun 21, 2021. The shares got listed on BSE, NSE on Jun 24, 2021.
Sona BLW Precision Forgings IPO price band is set at ₹291 per share. The lot size for an application is 51. The minimum amount of investment required by an retail is ₹14,841 (51 shares) (based on upper price). The lot size investment for sNII is 14 lots (714 shares), amounting to ₹2,07,774, and for bNII, it is 68 lots (3,468 shares), amounting to ₹10,09,188.
Credit Suisse Securities (India) Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Sona BLW Precision Forgings IPO RHP for detailed Information.
IPO Open
Mon, Jun 14, 2021
IPO Close
Wed, Jun 16, 2021
Issue Price
₹291 per share
Market Cap (Pre-IPO)
₹16,973.73 Cr
| IPO Date | 14 to 16 Jun, 2021 |
| Listed on | Thu, Jun 24, 2021 |
| Face Value | ₹10 per share |
| Price Band | ₹285 to ₹291 |
| Issue Price | ₹291 per share |
| Lot Size | 51 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 19,07,21,649 shares (agg. up to ₹5,550 Cr) |
| Fresh Issue | 1,03,09,278 shares (agg. up to ₹300 Cr) |
| Offer for Sale | 18,04,12,371 shares of ₹10 (agg. up to ₹5,250 Cr) |
| Share Holding Pre Issue | 57,29,80,560 shares |
| Share Holding Post Issue | 58,32,89,838 shares |
| BSE Script Code / NSE Symbol | 543300 / SONACOMS |
| ISIN | INE073K01018 |
Sona BLW Precision Forgings IPO comprises a total issue size of 19,07,21,649 shares. Out of which, 14,30,41,238 (75.00%) are allocated to QIB, 2,86,08,247 (15.00%) allocated to NII 1,90,72,164 (10.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 14,30,41,238 | 75.00% | NA |
| − Anchor Investor Shares Offered | 8,58,24,742 | 45.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 5,72,16,496 | 30.00% | NA |
| NII (HNI) Shares Offered | 2,86,08,247 | 15.00% | NA |
| Retail Shares Offered | 1,90,72,164 | 10.00% | 3,73,964 |
| Total Shares Offered | 19,07,21,649 | 100.00% |
Investors can bid for a minimum of 51 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 51 | ₹14,841 |
| Retail (Max) | 13 | 663 | ₹1,92,933 |
| S-HNI (Min) | 14 | 714 | ₹2,07,774 |
| S-HNI (Max) | 67 | 3,417 | ₹9,94,347 |
| B-HNI (Min) | 68 | 3,468 | ₹10,09,188 |
Sona BLW Precision Forgings IPO raises ₹2,497.50 crore from anchor investors. Sona BLW Precision Forgings IPO Anchor bid date is June 11, 2021.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Jun 11, 2021 |
| Shares Offered | 8,58,24,742 |
| Anchor Portion (₹ Cr.) | 2,497.50 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Jul 21, 2021 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Sep 19, 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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repaymentand pre-payment of identified borrowings in full availed by our Company | 241.12 |
| 2 | General corporate purposes | 52.20 |
The Sona Comstar IPO is subscribed 2.28 times on June 16, 2021 5:00:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 3.46 | 5,84,21,052 | 20,24,03,700 |
| NII | 0.39 | 2,92,10,526 | 1,13,11,596 |
| Retail | 1.58 | 1,94,73,684 | 3,07,11,639 |
| Total | 2.28 | 10,71,05,262 | 24,44,26,935 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs fees and commissions (including underwriting commission) | 85.25 |
| 2 | Brokerage / Commission / Processing fees for SCSBs, members of Syndicate, Registered Brokers, RTAs, CDPs, Bankers to the Offer, and fees payable to the Sponsor Bank for Bids made by RIBs using the UPI Mechanism | 5.23 |
| 3 | Fees payable to the Registrar and other advisors to the Offer | 13.32 |
| 4 | Listing fees, SEBI filing fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | 10.48 |
| 5 | Printing and stationery | 1.71 |
| 6 | Advertising and marketing expenses | 5.79 |
| 7 | Miscellaneous | 1.83 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹291.00 | ₹291.00 |
| Open | ₹302.40 | ₹301.00 |
| Low | ₹295.15 | ₹295.00 |
| High | ₹362.85 | ₹361.20 |
| Last Trade | ₹362.85 | ₹361.20 |
Lead Manager Reports
Sona BLW Precision Forgings IPO is a main-board IPO of 19,07,21,649 equity shares of the face value of ₹10 aggregating up to ₹5,550 Crores. The issue is priced at ₹291 per share. The minimum order quantity is 51.
The IPO opens on Mon, Jun 14, 2021, and closes on Wed, Jun 16, 2021.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Sona BLW Precision Forgings IPO using UPI as a payment gateway. Zerodha customers can apply in Sona BLW Precision Forgings IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sona BLW Precision Forgings IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sona BLW Precision Forgings IPO opens on Mon, Jun 14, 2021 and closes on Wed, Jun 16, 2021.
Sona BLW Precision Forgings IPO lot size is 51, and the minimum amount required for application is ₹14,841.
You can apply in Sona BLW Precision Forgings IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Sona BLW Precision Forgings IPO will be done on Monday, June 21, 2021, and the allotted shares will be credited to your demat account by Wed, Jun 23, 2021. Check the Sona BLW Precision Forgings IPO allotment status.
The Sona BLW Precision Forgings IPO listing date is on Thu, Jun 24, 2021.
