IPO Status: Closed [14th Jun 2021 to 16th Jun 2021]
|IPO Issue Opening Date:||14th Jun 2021|
|IPO Issue Closing Date:||16th Jun 2021|
|IPO Issue Price:||₹285-291|
|IPO Listing At:||BSE, NSE|
|IPO Issue Type:||Book Built Issue IPO|
|IPO Issue Size:||₹5,550 Cr.|
|Offer for Sale:||₹5,250 Cr.|
|Fresh Issue:||₹300 Cr.|
|Face Value:||₹10 Per Equity Share|
|Market Lot:||51 Shares|
|Min Retail Qty:||51 shares ( 1 lot)|
|Max Retail Qty:||663 shares (13 lots)|
|Promoter Holding Pre IPO:||100%|
|Promoter Holding Post IPO:||67.30%|
Sona BLW Precision Forgings Limited (Sona Comstar) IPO of Rs. 5,550 Cr opens for subscription from 14 June to 16 June 2021. It is the book-building IPO that price band is set at Rs. 285 - Rs. 291 of face value Rs. 10. The floor price (lower cap) is 28.5 times and cap price (maximum price) is 29.1 times of the face value. One can apply for the minimum order quantity (lot size) of 51 shares and multiples of it. Stay tuned with us to know more about the Sona Comstar IPO including issue size, company financials, strengths, weaknesses, GMP, allotment, subscription, and more.
Sona BLW Precision Forgings Limited is India’s one of the leading automotive technology companies that designs, manufactures, and supplies high-quality engineering automotive systems and components. It sells various products i.e. differential gears, conventional and hybrid starter motors, BSG systems, EV traction motors, differential assemblies, and others across the US, Europe, India, and China.
It has 9 manufacturing plants, out of which, 6 are situated in India and the other 3 units are in China, Mexico, and the USA.
|Incorporation||Sector||IPO Issue Size||Website|
The firm will use the net proceeds from the IPO for the following purposes;
In this section we have covered all important dates related to Sona Comstar IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.
|IPO Issue Open||14th Jun 2021|
|IPO Issue Close||16th Jun 2021|
|Basis of Allotment Finalisation Date*||21st Jun 2021|
|Refunds Initiation*||22nd Jun 2021|
|Credit of Shares to Demat Account*||23rd Jun 2021|
|IPO Listing Date*||24th Jun 2021|
* - Tentative Dates
The table below is live update of IPO bidding details from NSE and BSE.
|# of Shares Offered||58,421,052||29,210,526||19,473,684||107,105,262||1||14th Jun 2021 17:02||0.02x||0.01x||0.51x||0.11x||2||15th Jun 2021 17:02||0.14x||0.04x||1.02x||0.27x||3||16th Jun 2021 17:02||3.46x||0.39x||1.58x||2.28x|
Past performance and financial results of Sona Comstar.
|Sona BLW Precision Forgings Limited Financials||31-Dec-2020||31-Mar-2020||31-Mar-2019||31-Mar-2018|
|Total Assets||₹2,112.04 Cr||₹1,850.68 Cr||₹1,632.56 Cr||₹1,483.78 Cr|
|Total Income||₹1,029.63 Cr||₹1,043.77 Cr||₹702.50 Cr||₹625.92 Cr|
|Net Profit/Loss||₹155.47 Cr||₹360.34 Cr||₹173.18 Cr||₹77.57 Cr|
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Sona Comstar IPO DRHP >>Document
Sona Comstar IPO RHP >>Document
Sona Comstar IPO Allotment Status >>Link
Last Updated on 2021-07-13T08:11:51+00:00
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Sona Comstar IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Sona Comstar IPO with Zerodha.
Alternate approch to apply in Sona Comstar IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
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To subscribe or apply in Sona Comstar IPO, you can use the following methods:
|Sona Comstar IPO Applying Mode||Method||Details|
|Online Application||3-in-1 Trading Account|
If your broker is 3-in-1 service provider, you can apply in Sona Comstar IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.
|Online Application||2-in-1 Trading Account|
Brokers like Zerodha, TradeSmart Online provides access to applying in Sona Comstar IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.
This is one of the most popular mode of applying in Sona Comstar IPO. Most of the Syndicate Banks provide access to apply in Sona Comstar IPO via ASBA process. You must have your net banking access, DP ID information to apply in Sona Comstar IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.
|Offline Application||Physical Form|
You can apply in Sona Comstar IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.
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Applying in Sona Comstar IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Sona Comstar IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Sona Comstar IPO, please refer article >> Link
Steps to download the online application form for Sona Comstar IPO
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Sona Comstar IPO is going to be list on 24-06-2021.
Other relevant questions:When Sona Comstar IPO will be listing? Sona Comstar IPO listing date?Sona Comstar IPO date of listing
Sona Comstar IPO Allotment Date is 21-06-2021.
Other relevant questions:Sona Comstar IPO share allotment date?Sona Comstar IPO allotment date?