Sona BLW precision Forgings Ltd (Sona Comstar) IPO

IPO Status: Closed [14th Jun 2021 to 16th Jun 2021]

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Sona Comstar IPO Details

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 Category: Mainline
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%
IPO Live GMPIPO Live GMP

About Company - Sona Comstar

About Sona Comstar IPO

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.

About the Company – Sona BLW Precision Forgings Limited

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
NULL NULL ₹5,550 Cr. http://www.sonacomstar.com/

Sona Comstar IPO Objective

The firm will use the net proceeds from the IPO for the following purposes;

  • To repay or prepay borrowings availed by the firm either fully or partially.
  • To meet general corporate purposes.

Sona Comstar IPO Important Dates

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.

Sona Comstar IPO important dates
IPO Activity Date
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

Sona Comstar IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 58,421,052 Shares
  • Non-Institutional Investors: 29,210,526 Shares
  • Retail Individual Investor: 19,473,684 Shares
IPO Bidding Live Updates from BSE + NSE
Day QIBNIIRIITotal
 # of Shares Offered58,421,05229,210,52619,473,684107,105,262
114th Jun 2021 17:020.02x0.01x0.51x0.11x
215th Jun 2021 17:020.14x0.04x1.02x0.27x
316th Jun 2021 17:023.46x0.39x1.58x2.28x

Sona Comstar Financials for past 3 Years

Past performance and financial results of Sona Comstar.

Sona Comstar financial
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

Sona Comstar IPO Strengths

  • One of the market leaders in the Indian Automotive sector.
  • Top 10 global suppliers of starter motors.
  • Strong product and service portfolio.
  • Geographical diversified with an international presence.
  • Strong financial performance.

Sona Comstar IPO Threats/Weaknesses

  • Dependency over the performance of global automotive sector especially in key markets i.e. India, China, Europe, and US.
  • Revenue concentration with top 10 customers contributes to nearly 80% of total revenues.
  • Ongoing COVID-19 pandemic has hit the sector performance adversely.
  • Tough level of competition by rivalries in terms of price, design, quality, and other aspects.

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@
  NRI Form ⇒

Sona Comstar IPO DRHP >>Document

Sona Comstar IPO RHP >>Document

Sona Comstar IPO Allotment Status >>Link

Company Address

Sona BLW Precision Forgings Limited
Sona Enclave Village, Begumpur Khatola, Sector 35,
Gurugram,Haryana -122004
India
Website: http://www.sonacomstar.com/
Phone: +91 0124 476 8200
Email: [email protected]

Sona Comstar IPO Registrar

KFintech Private Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Website: https://karisma.kfintech.com/
Phone: 04067162222, 04079611000
Email: [email protected]

Sona Comstar IPO Lead Manager

  1. Kotak Mahindra Capital Company Limited
  2. JM Financial Consultants Private Limited
  3. J.P. Morgan India Private Limited
  4. Nomura Financial Advisory And Securities (India) Pvt Ltd
  5. Credit Suisse Securities (India) Private Limited
Sona Comstar IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Sona Comstar? Should I apply in Sona Comstar IPO?

Last Updated on 2021-07-13T08:11:51+00:00

Sona Comstar IPO FAQs

  1. 1. How to subscribe Sona Comstar IPO with Zerodha?

    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.

    Sona Comstar IPO Review and Important Updates

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  2. 2. How to apply in Sona Comstar IPO online?

    Apply in Sona Comstar IPO online

    To subscribe or apply in Sona Comstar IPO, you can use the following methods:

    Sona Comstar IPO Applying ModeMethodDetails
    Online Application3-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 Application2-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.

    Online ApplicationASBA

    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 ApplicationPhysical 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.

    Sona Comstar IPO Review and Important Updates

    Other relevant question on same topics are:

    Where to subscribe Sona Comstar IPO? Where to apply for Sona Comstar IPO? How to subscribe Sona Comstar IPO online? Sona Comstar IPO where to apply? Where to buy Sona Comstar IPO online? How to buy Sona Comstar IPO online? How to purchase Sona Comstar IPO? How to get Sona Comstar IPO? How to book Sona Comstar IPO? How to invest Sona Comstar IPO? Sona Comstar IPO kaise buy kare?

     

  3. 3. How to download online application form for Sona Comstar IPO?

    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

    Sona Comstar IPO Review and Important Updates

    Steps to download the online application form for Sona Comstar IPO

    • Step1:Click here.
    • Step2: Click on “Bid-cum Application Form Download
    • Step3: Above Step will open an online form.
    • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
    • Step5: Fill bid details - min 51 and max 663 shares (13 lots).
    • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
    • Step7: This will fill your application online and give you a pdf file.
    • Step8: Take a print of this document and go to your bank for UPI transactions.
    • Or

    • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

    Other relevant questions:

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  4. 4. What is the listing date of Sona Comstar IPO?

    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

     

  5. 5. When Sona Comstar IPO will be allocated?

    Sona Comstar IPO Allotment Date is 21-06-2021.

    Other relevant questions:

    Sona Comstar IPO share allotment date?Sona Comstar IPO allotment date?

     

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User Comments

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5. SIVAJI S  6/7/2021 2:43:15 AM Reply
Sona Comstar IPO expected listing gain.
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4. Subhash Choudhary  6/7/2021 2:43:15 AM Reply
Please confirm Sona Comstar IPO GMP (grey market premium) and kostak.
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3. VAIBHAV SHUKLA  6/7/2021 2:43:15 AM Reply
Sona Comstar IPO good or bad.
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2. Prateek Batra  6/7/2021 2:43:15 AM Reply
Sona Comstar IPO whether to invest or not.
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1. suchismita swain  6/7/2021 2:43:15 AM Reply
Sona Comstar IPO - CRISIL Rating, Apply or not?.






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