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Sona BLW Precision Forgings Limited IPO Detail

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 DateJun 14, 2021
IPO Closing DateJun 16, 2021
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹285 - 291 per equity share
Market Lot51 Shares
Min Order Quantity51 Shares
Listing AtBSE, 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)

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 DateJun 14, 2021
IPO Close DateJun 16, 2021
Basis of Allotment DateJun 21, 2021
Initiation of RefundsJun 22, 2021
Credit of Shares to Demat AccountJun 23, 2021
IPO Listing DateJun 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).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding67.30%

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.