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Sona Comstar Ipo Details, Ipo Analysis, Ipo Date, Ipo Price, Ipo GMP

 
Sona BLW Precision Forgings Limited IPO (Sona Comstar IPO) Detail


Hey Guys, There are many interesting Upcoming IPOs which are scheduled to be come in 2021. One such IPO is the Sona Blw Precision Forgings IPO that is going to launch on June 14, 2021. To Apply for the IPO's you should must have Demat Account. 

To open Demat Account Click on ZERODHA  or  UPSTOX.  

If you Open Your Demat account with Us You will
  Get Free Membership of Premium Telegram Channel.


Let’s have a detailed review of the company and analytics of the Sona Blw Precision Forgings  IPO release date, IPO offer price, subscription, Sona Comstar IPO allotment, Shyam Metalics grey market premium, and other details like the company’s background,  financial positions of Sona Comstar, its promoters, and other related things. 

    About Sona Blw Precision Forgings Company :-

    Sona BLW Precision Forgings Limited also Known as Sona Comstar is one of the leading automotive technology companies in India. Incorporated in 1995. Specializing in design, manufacturing and supplying highly engineered, mission critical automotive systems and components. These include differential assemblies, differential gears, conventional and micro-hybrid starter motors, BSG systems, EV traction motors (BLDC and PMSM) and motor control units. 

    The company is a supplier to automotive OEMs across India, US, Europe and China, for both electrified and non-electrified powertrain segments.

    As per CRISIL Report, it is among the top 10 auto-component manufacturers. In 2020, Sona Comstar or Sona Blw Precision Forgings Ltd. was among the top 10 global players for the differential bevel gear segment and among the largest exporters of starter motors in India.
    The Company has 9 manufacturing and assembly facilities across the India, USA, China, and Mexico, of which 6 are located in India.

    Promoters Of Sona Blw Precision Forgings :-

    The Promoters of Company are Sunjay Kapur, Sona Autocomp Holding Pvt. Ltd. & Singapore VII TOPCO Pte. Ltd.

    Promoter Holdings :-

    Pre Issue Promoter Holdings  100%
    Post Issue Promoter Holdings  67.30%

    Financials Of Sona Blw Precision Forgings :-

    Particulars Financials {Fig. in Cr.}
    31 March 2019 31 March 2020 31 March 2021
    Total Assets 1,632.571,850.682,174.83
    Total Revenue 702.50 1,043.761,568.64
    PAT 173.18 360.34215.16

    Financials Ratios :- 

    PE Ratio  -  73
    EPS   - 3.9
    RoNW  - 16.5%

    Peers of Sona Comstar :-

    Company Name  Debt to Equity  PE Ratio 
    Sona Blw 0.1673
    Motherson Sumi0.876
    Bosch Ltd. 0.0197
    Bharat Forge Ltd.0.9NA
    Minda Industries Ltd. 0.53200
    Sundram Fasteners Ltd. 0.2748

    Sona Comstar Ipo Details :-

    IPO Opening Date Jun 14, 2021
    IPO Closing Date Jun 16, 2021
    Face Value ₹10 per equity share
    IPO Price ₹285 to ₹291 per equity share
    Min Order Quantity   51 Shares
    Issue Size ₹5,550.00 Cr
    Fresh Issue ₹300.00 Cr
    Offer for Sale ₹5,250.00 Cr
    Listing At BSE NSE

    Shares Offered to :-

      QIB   75%  
    NII 15%
    RII 10%

    Objectives Of Ipo :-

    The net proceeds from the IPO will be utilized towards the following purposes;
    1.  Repayment or prepayment of company's borrowings fully or partially,
    2.  General corporate purposes.

    Ipo Timeline :-

    Ipo Dates  14 - 16 June 21
    Allotment Date  21 June 21
    Initiation of Refunds 22 June 21
    Credit of Share to Demat Account   23 June 21
    Ipo Listing Date 24 June 21

    Sona Comstar Ipo Grey Market Premium :-

    On 11 June 2021  Rs. 7
    On 10 June 2021  Rs. 6-9

    Strengths and Weakness :-

    Strengths:
    • Diversified across automotive geographies, vehicle segments, and customers.
    • Consistent financial performance track record.
    • Strong Research & Development (R&D) capabilities.
    • One of the leading manufacturers and suppliers to the global EV market.
    Weakness:
    • Revenue concentration with top 10 customers contributes to nearly 80% of total revenues.
    • Tough level of competition by rivalries in terms of price, design, quality, and other aspect

    Sona Comstar IPO Registrar :-

    KFintech Private Ltd.

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