Sona Comstar IPO Date, Review, Price & Market Lot Details

Sona Comstar IPO to hit the market on 14 June 2021 and closes on 16 June 2021. The company to raise ₹5550 crores via initial public offer.

Sona BLW Precision Forgings aka Sona Comstar filed a DRHP in February 2021 and the Sona BLW IPO launch date is 14 June and closes on 16 June 2021. The company plans to raise ₹5,000 crore through the initial share sale which will consist of a fresh issue of equity shares worth Rs 300 crore and an offer for sale (OFS) by existing shareholders. 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, Sona Comstar is one of the top 10 auto-component manufacturers. In 2020, Sona Comstar was listed in top 10 global players for the differential bevel gear segment and among the largest exporters of starter motors in India. They supplies their products in India, USA, Europe, and China. They have 9 manufacturing and assembly facilities across the USA, India (6), China, and Mexico. Check out Sona BLW Precision Forgings IPO details.

Sona Comstar IPO Review

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Sona Comstar IPO Date & Price Band, Market Lot, Allotment & Listing date

IPO Open	14th June 2021
IPO Close	16th June 2021
IPO Size	Approx Rs.5550 Crores
Fresh Issue	Approx Rs.300 Crores
Offer for Sale	Approx Rs.5250 Crores
Face Value	Rs.10 Per Equity Share
Price Band	Rs.285 to Rs.291 Per Share
Listing on	BSE & NSE
Retail Portion	10%
Employee Disc	Rs. - per share
Equity	- Shares
Minimum Lot Size	Minimum - 51 Shares -  1 Lots
Minimum Amount	Rs. 14,841/-
Maximum Lot Size	Maximum – 663 Shares – 13 Lots
Maximum Amount	Rs.1,92,933/-
Basis of Allotment	21st June 2021
Refunds	22nd June 2021
Credit to Demat Account	23rd June 2021
Listing Date	24th June 2021

Objectives of the Issue:

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

• Repayment or prepayment  in fully or partially of company's borrowings.
• General corporate purposes.

Sona Comstar Company Audited Financial Report Summery

Rs. in Crores
	Revenue	Expense	PAT	Ratio(%)	EPS
2018	Rs.625.9	Rs.494.8	Rs.77.57	12.39%	2.59
2019	Rs.702.5	Rs.548.0	Rs.173.18	24.65%	3.01
2020	Rs.1043.8	Rs.888.8	Rs.360.34	34.52%	7.06
2021-9M	Rs.1029.6	Rs.818.6	Rs.155.46	15.09%	2.71

About Sona Comstar

We are a technology and innovation driven company. With a strong focus on R&D, we develop mechanical and electrical hardware systems, components as well as base and application software solutions, to meet the evolving demands of our customers. We are one of a few companies globally, with the ability to design high power density EV systems handling high torque requirements with a lightweight design, while meeting stringent durability, performance and NVH specifications, enabling EV manufacturers to enhance the vehicle range, acceleration and the overall efficiency.  We aim to capture the growth trend in revenue realization per component with increasing electrification by continuously investing in R&D to develop and deliver new and innovative systems and components. With our customers continuously focusing on weight reduction in EVs to enhance the range, augment the vehicle’s acceleration and improve overall efficiency, we have been developing solutions and alternatives for improving the power density and lightweighting of our differential assemblies and EV Traction Motors (BLDC and PMSM) and motor control units through our R&D efforts. With the evolving vehicle electrification trend, a key area of our focus is on integrating the powertrain and the drivetrain components by creating an integrated drive unit. Control systems and software are becoming a critical part of powertrains. We have developed extensive in-house capability to develop embedded systems and application software, along with integration capabilities to offer our customers a complete solution.

We are among the limited number of players who are well placed to combine our motor and driveline capabilities to offer a compelling value proposition to our EV customer base. Integrated drive units have three key components namely, differential assembly, high voltage traction motors and high voltage inverters. Since we already manufacture electric drive motors and inverters for electric 2-wheelers and hybrid PVs, as well as differential assemblies for battery electric passenger vehicles, we are in a unique position to integrate the three key constituents of the electric powertrain into a single matched unit, offering an efficient and compact solution to EV OEMs.

Company Address

Sona BLW Precision Forgings Limited
Sona Enclave Village, Begumpur Khatola,
Sector 35, Gurugram, Haryana–122004
Telephone:+91 0124 476 8200
Contact Person: Ajay Pratap Singh
Vice President (Legal), Company Secretary and Compliance Officer
E-mail:investor@sonacomstar.com
Website: www.sonacomstar.com
Corporate Identity Number: U27300HR1995PLC083037

Sona Comstar IPO Lead Managers

Kotak Mahindra Capital Company Limited
Credit Suisse Securities (India) Private Limited
JM Financial Limited
J.P. Morgan India Private Limited
Nomura Financial Advisory and Securities (India) Private Limited

Sona Comstar IPO Registrar
KFin Technologies Private Limited
(formerly known as Karvy FintechPrivate Limited)
Selenium Tower-B, Plot 31 & 32 Gachibowli,
Financial District, Nanakramguda,
Serilingampally,
Hyderabad, Telangana–500032
Tel: +91 40 6716 2222
E-mail: sonacomstar.ipo@kfintech.com
Investor Grievance E-mail: einward.ris@kfintech.com
Website: www.kfintech.com
Contact Person: M Murali Krishna
SEBI Registration No.: INR000000221


Sona Comstar IPO FAQs

What is Sona Comstar IPO?
Sona BLW Precision Forgings IPO is a main-board IPO. They are going to raise ₹5550 Crores via IPO. The issue is priced at ₹285 to ₹291 per equity share. The IPO to be listed on BSE & NSE.

When Sona Comstar IPO will open?
The IPO is to open on 14 June 2021 for QIB, NII, and Retail Investors.

What is Sona Comstar IPO Investors Portion?
The investors' portion for QIB 75%, NII 15%, and Retail 10%.

How to Apply the Sona Comstar IPO?
You can apply Sona BLW Precision Forgings IPO via ASBA online via your bank account. You can also apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

What is Sona Comstar IPO Size?
Sona BLW Precision Forgings IPO size is ₹5550 crores.

What is Sona Comstar IPO offer Price?
Sona BLW Precision Forgings IPO offer Price is ₹290 to ₹291.

What is Sona Comstar IPO Minimum Lot Size?
The minimum bid is 51 Shares with ₹14,841.

What is Sona Comstar IPO Allotment Date?
Sona BLW Precision Forgings IPO allotment date is 21 June 2021.

What is Sona Comstar IPO Listing Date?
Sona BLW Precision Forgings IPO listing on BSE and NSE as on 24 June 2021.