Sona Comstar IPO

Sona Comstar IPO-Price band and Details

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Sona Comstar IPO will open for subscription from 14 June 2021. the company aims for an issue size of ₹5,550 Crore through this IPO.

Also read: IPO List 2021: a complete list of IPOs in 2021

Sona BLW Precision Forgings Limited

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, the US, Europe, and China. It has 9 manufacturing and assembly facilities across the USA, India (6), China, and Mexico.

Objects of the Issue

  • Repayment or prepayment of company’s borrowings fully or partially.
  • General corporate purposes.

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.

Basic details about the company

Full nameSona BLW Precision Forgings Limited
SectorAutomobile and Ancillaries
IndustryAuto ancillary

IPO details

IPO Opening date14 June 2021
IPO Closing date16 June 2021
Issue typeBook Building
IPO issue size₹5,550 Crores
Face value₹10 Per Equity Share
Price band₹285 to ₹291 Per Share
Retail Allocation10%
Lot size51 Shares
Minimum application1 Lot51 Shares
Maximum application13 Lots-663 Shares
Minimum application amount₹14,841
Maximum application amount₹192,933
Listing ExchangeBSE & NSE

Financial summary

FY2019FY20209M FY2021
Comprehensive income55.2173.8331.7154.3
Margin (%)8.824.731.815.0

Valuation of Sona Comstar (as of FY2020)

Earnings Per Share (EPS)₹7.06
Price/Earnings (PE ratio)40.37 – 41.22
Return on Net Worth (RONW)30.6%
Net Asset Value (NAV)₹23.07 per share

Company Promoters

  • Sunjay Kapur
  • Sona Autocomp Holding Private Limited
  • Singapore VII Topco III Pte Ltd

Lead Managers

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

Registrar of Sona BLW IPO

KFin Technologies Private Limited
Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222 
 +91 40 2343 1551

Sona Comstar Contact Details

Sona BLW Precision Forgings Limited Sona Enclave Village, Begumpur Khatola Sector 35, Gurugram
Haryana – 122004
Phone: +91 0124 476 8200

Sona Comstar IPO Allotment Status

Sona Comstar IPO allotment status will be available on KFin Technologies’ website.

Click on this link to get allotment status.

Final thoughts

Sona Comstar IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make a wise decision.

Happy Investing

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