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.
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
| Particulars | For the year/period ended (₹ in million) | |||
|---|---|---|---|---|
| 31-Dec-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Assets | 21,120.42 | 18,506.82 | 16,325.57 | 14,837.77 |
| Total Revenue | 10,296.28 | 10,437.65 | 7,025.01 | 6,259.23 |
| Profit After Tax | 1,554.69 | 3,603.43 | 1,731.80 | 775.72 |
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 Comstar IPO Details
| IPO Opening Date | 14 June 2021 |
| IPO Closing Date | 16 June 2021 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 5550 Cr. |
| Face Value | ₹10 per equity share |
| IPO Price | [285] to [291] Per Equity Share |
| Market Lot | 51 Shares |
| Min Order Quantity | 51 Shares |
| Listing At | BSE, NSE |
| Total Share Issue | N/A |
Sona Comstar IPO – Schedule
| IPO Open Date | 14 June 2021 |
| IPO Close Date | 16 June 2021 |
| Finalization of Basis of Allotment | 21 June 2021 |
| Initiation of Refunds | 22 June 2021 |
| Credit of Shares to Demat Account | 23 June 2021 |
| IPO Listing Date | 24 June 2021 |
Sona Comstar IPO Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 51 | 14,841 |
| Maximum | 13 | 663 | 1,92,933 |
Sona Comstar IPO: How To Apply
Promoters play a very important role in raising much-needed business revenue.
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 Website: http://www.sonacomstar.com/ |
