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 name | Sona BLW Precision Forgings Limited |
| Sector | Automobile and Ancillaries |
| Industry | Auto ancillary |
| Company Website | www.sonacomstar.com |
IPO details
| IPO Opening date | 14 June 2021 |
| IPO Closing date | 16 June 2021 |
| Issue type | Book Building |
| IPO issue size | ₹5,550 Crores |
| Face value | ₹10 Per Equity Share |
| Price band | ₹285 to ₹291 Per Share |
| Retail Allocation | 10% |
| Lot size | 51 Shares |
| Minimum application | 1 Lot–51 Shares |
| Maximum application | 13 Lots-663 Shares |
| Minimum application amount | ₹14,841 |
| Maximum application amount | ₹192,933 |
| Listing Exchange | BSE & NSE |
Financial summary
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 |
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
Fax: +91 40 2343 1551
Email: einward.ris@kfintech.com
Website: www.kfintech.com
Sona Comstar Contact Details
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
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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