Sona BLW Precision Forgings Limited IPO Detail
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, it is among the top 10 auto-component manufacturers. In 2020, Sona Comstar was among the top 10 global players for the differential bevel gear segment and among the largest exporters of starter motors in India. The firm supplies its products across the countries such as India, US, Europe, and China. It has 9 manufacturing and assembly facilities across the USA, India (6), China, and Mexico.
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.IPO Details
| IPO Opening Date | Jun 14, 2021 |
| IPO Closing Date | Jun 16, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹285 - 291 per equity share |
| Market Lot | 51 Shares |
| Min Order Quantity | 51 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹5,550 Cr |
| Fresh Issue | [.] Eq Shares of ₹10 (aggregating up to ₹300.00 Cr) |
| Offer for Sale | [.] Eq Shares of ₹10 (aggregating up to ₹5,250.00 Cr) |
| Retail Portion | - |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | x | x | x |
IPO Tentative Timetable
The Sona BLW Precision Forgings Limited IPO open date is Jun 14, 2021, and the close date is Jun 16, 2021. The issue may list on Jun 24, 2021.
| IPO Open Date | Jun 14, 2021 |
| IPO Close Date | Jun 16, 2021 |
| Basis of Allotment Date | Jun 21, 2021 |
| Initiation of Refunds | Jun 22, 2021 |
| Credit of Shares to Demat Account | Jun 23, 2021 |
| IPO Listing Date | Jun 24, 2021 |
IPO Lot Size
The Sona BLW Precision Forgings Limited IPO market lot size is 51 shares. A retail-individual investor can apply for up to 13 lots (663 shares or ₹192933).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 51 | ₹14841 |
| Maximum | 13 | 663 | ₹192933 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 67.30% |
Company Financials:
For the year/period ended (₹ in Crs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 21,748.30 | 15,686.41 | 2,151.65 |
| 31-Mar-20 | 18,506.82 | 10,437.65 | 3,603.43 |
| 31-Mar-19 | 16,325.57 | 7,025.01 | 1,731.80 |
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.
