Sona BLW Precision Forgings Limited IPO (Sona Comstar IPO)

Sona Comstar IPO
Sona Comstar IPO | Sona IPO

Sona BLW Precision Forgings (Narmin Comstar) is the India’s leading automotive technology company that specializes in the design, manufacture and supply of high – tech, critical automotive systems and components.

These include the differential assemblies, differential gearing, a conventional and a microhybrid, to begin with, IT system, the HOUSE of the traction motors (BLDC, and PMSM), and motor controllers.

The company is a supplier to the car manufacturers of the united states, Europe, China and India, both electrified and non-electrified powertrain segment.

The company has nine manufacturing and assembly facilities in China, India, Mexico, and the united states, six of which are found in India, where six of the products, which are supplied by the 10th of the photovoltaic material, manufacturer, and three of the world’s top 10 largest RESUMPTION of the manufacturer and of the seven, the world’s eight-largest tractor manufacturer by volume.

Sona BLW Precision Forgings, as a worldwide supplier, which is generated 75.4% of the proceeds from the sale of products in foreign markets, including 40.2%, in north America, and 25.3% in Europe and 5.3% in China, at 24.6%, the revenue generated from the sales of the products of the latter are used in India, and for the nine months ended December 31, 2020. These are two of the biggest suppliers of starter motors, India.

Sona Comstar IPO

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.

Company Promoters

Sunjay Kapur, Sona Autocomp Holdings Private Limited and Singapore VII Topco III Pte. Ltd are the company promoters.

Company Financials

ParticularsFor the year/period ended (₹ in million)
31-Dec-2031-Mar-2031-Mar-1931-Mar-18
Total Assets21,120.4218,506.8216,325.5714,837.77
Total Revenue10,296.2810,437.657,025.016,259.23
Profit After Tax1,554.693,603.431,731.80775.72

Objects of the Issue

The net proceeds from the IPO will be utilized towards the following purposes;

  • Repayment or prepayment of company’s borrowings fully or partially.
  • General corporate purposes.
Sona IPO Object Of The Issue

Sona Comstar IPO Details

IPO Opening Date14 June 2021
IPO Closing Date16 June 2021
Issue TypeBook Built Issue IPO
Issue Size5550 Cr.
Face Value₹10 per equity share
IPO Price[285] to [291] Per Equity Share
Market Lot51 Shares
Min Order Quantity51 Shares
Listing AtBSE, NSE
Total Share IssueN/A

Sona Comstar IPO – Schedule

IPO Open Date14 June 2021
IPO Close Date16 June 2021
Finalization of Basis of Allotment21 June 2021
Initiation of Refunds22 June 2021
Credit of Shares to Demat Account23 June 2021
IPO Listing Date24 June 2021

Sona Comstar IPO Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Minimum15114,841
Maximum136631,92,933

Sona Comstar IPO: How To Apply

Promoters play a very important role in raising much-needed business revenue.

how to apply sona ipo

Apply For Sona Comstar IPO Through ASBA

First, you should know what ASBA is. ASBA stands for Restricted Application Support. It is an application by the bank to apply for an IPO.

You apply with ASBA through the bank because initially, the bank covers the cost of purchasing the IPO. This amount is deducted from your account only after receiving IPO share shares in your Demat account.

All the major banks in the country are expanding the ASBA center. There are about 30 banks on the list, some of which are IDBI Bank Limited, Citi Bank, Punjab National Bank, etc.

The center may be expanded once they have been authorized to do so. These banks block the corresponding amount until the IPO allocation process is finalized.

Now, most of you are probably thinking about how to use the Sona Comstar IPO with ASBA. The process can be completed online or offline for your convenience.

Apart from this, you can also bid for an Sona Comstar IPO through your stockbroker’s online portal (such as Zerodha, Edelweiss, Motilal Oswal, etc.)

Company Contact Information

Sona BLW Precision Forgings Limited
Sona Enclave Village, Begumpur Khatola
Sector 35, Gurugram – 122004


Phone: +91 0124 476 8200
Email: investor@sonacomstar.com
Websitehttp://www.sonacomstar.com/

LIST OF UPCOMING IPOs