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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 ₹291.00 per share . The lot size for an application is 51. The minimum amount of investment required by an retail is ₹14,535 (51 shares). 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 Date | June 14, 2021 to June 16, 2021 |
| Listing Date | June 24, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹285 to ₹291 per share |
| Issue Price Final | ₹291 per share |
| Lot Size | 51 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 19,07,21,649 shares (aggregating up to ₹5,550.00 Cr) |
| Fresh Issue | 1,03,09,278 shares (aggregating up to ₹300.00 Cr) |
| Offer for Sale | 18,04,12,371 shares of ₹10 (aggregating up to ₹5,250.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 57,29,80,560 shares |
| Share Holding Post Issue | 58,32,89,838 shares |
Sona Comstar IPO offers total 19,07,21,649 shares. Out of which 14,30,41,238 (75.00%) allocated to QIB, 5,72,16,496 (30.00%) allocated to QIB, 2,86,08,247 (15.00%) allocated to NII, 1,90,72,164 (10.00%) allocated to RII and 8,58,24,742 (45.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum 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%) |
Sona BLW Precision Forgings IPO opens on June 14, 2021, and closes on June 16, 2021.
| IPO Open Date | Mon, Jun 14, 2021 |
| IPO Close Date | Wed, Jun 16, 2021 |
| Tentative Allotment | Mon, Jun 21, 2021 |
| Initiation of Refunds | Tue, Jun 22, 2021 |
| Credit of Shares to Demat | Wed, Jun 23, 2021 |
| Tentative Listing Date | Thu, Jun 24, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jun 16, 2021 |
Investors can bid for a minimum of 51 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| 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 | ||
The Company Sona BLW Precision Forgings IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Repaymentand pre-payment of identified borrowings in full availed by our Company | 241.12 |
| 2 | General corporate purposes | 52.20 |
[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...
| Listing Date | June 24, 2021 |
| BSE Script Code | 543300 |
| NSE Symbol | SONACOMS |
| ISIN | INE073K01018 |
| Final Issue Price | ₹291 per share |
Sona BLW Precision Forgings Ltd.
Sona Enclave Village,
Begumpur Khatola,
Sector 35
Gurgaon, Haryana, 122004
Phone: +91 0124 476 8200
Email: investor@sonacomstar.com
Website: http://www.sonacomstar.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: sonacomstar.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
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 ₹5,550.00 Crores. The issue is priced at ₹291 per share. The minimum order quantity is 51.
The IPO opens on June 14, 2021, and closes on June 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 June 14, 2021 and closes on June 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 Wednesday, June 23, 2021. Check the Sona BLW Precision Forgings IPO allotment status.
The Sona BLW Precision Forgings IPO listing date is on Thursday, June 24, 2021.
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