Sona BLW Precision IPO

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Auto Ancillary

Listed On: Jun 24, 2021 at ₹ 301.0(NSE)

₹ 14841 /51 Shares

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Price Summary

Last Closing

669.00 (129.9%)

52 Week High

768.65

52 Week Low

531.60

Last Update

25-Nov-2024 3:30 PM

IPO Details

14 Jun, 2021

Open Date

16 Jun, 2021

Close Date

21 Jun, 2021

Allotment Date

24 Jun, 2021

Listing Date

Issue Price

₹285-291 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

KFintech Private Limited

List Price

301.0(NSE)

Listing Date

2021-06-24

Market Lot

51 Shares (₹14,841/-)

Lead Manager

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

Issue Size

19,07,21,649 Eq Shares of ₹10(aggregating up to ₹5550 Crs)

Fresh Issue: 1,03,09,278 Eq Shares of ₹10 (aggregating up to ₹300.00 Cr)

Offer for Sale: 18,04,12,371 Eq Shares of ₹10 (aggregating up to ₹5250 Cr)

Retail Portion

10%

Subscription

2.29 times

IPO Docs

DRHP RHP

IPO Subscription Details

As on	QIB	NII	Retail	Total
Shares Offered / Reserved	5,84,21,052	2,92,10,526	1,94,73,684	10,71,05,262
Day 1 - 14-06-20 05:00 PM	0.02 x	0.01	0.51 x	0.11 x
Day 2 - 15-06-20 04:30 PM	0.14 x	0.04	1.00 x	0.27 x
Day 3 - 16-06-20 05:00 PM	3.46 x	0.39	1.58 x	2.29 x

Total No. of Applications: 446662 (Approx)

Retail Subscription on the basis of Applications: 1.17 times

Valuations

Earnings Per Share (EPS)

₹3.67/-

P/E Ratio

79.35

RoNW

16.5%

Net Asset Value (NAV) - As on 31.03.2021

₹22.75

Company Financials All values are in ₹ Cr.

	31-Mar-21	31-Mar-20	31-Mar-19	31-Mar-18
Assets	2,174.83	1,850.68	1,632.55	1,483.77
Revenue	1,568.64	1,043.76	702,50	625.92
Profit After Tax	215.16	360.34	173.18	77.57

About The Company

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.

	P/B Ratio	P/E Ratio	RoNW	Net Worth
Sona BLW Precision Forgings Limited	12.79	79.35	16.5%	1,568.64
Motherson Sumi Systems Limited	11.8	152.83	7.72%	57,599.24
Sundaram Clayton Limited	10.16	95.89	10.59%	20,361.68
Varroc Engineering Limited	3.45	106.85	3.23%	11,429.85
Bosch Limited	4.7	95.63	4.91%	10,220.20
Bharat Forge Limited	5.88	112.05	5.25%	6,505.15

IPO - Ratings

Axis Capital	None
Capital Market	Subscribe
Choice Equity Broking Pvt Ltd	Subscribe for Long Term
GEPL Capital Ltd	Subscribe
HDFC Securities Limited	None
Hem Securities	Subscribe
ICICI Direct	Subscribe
Kotak Securities	None
KR Choksey Securities Ltd	Subscribe
Motilal Oswal	Subscribe for Long Term
Nirmal Bang	Subscribe
Sharekhan Limited	None
Ventura Securities Limited	Subscribe

- Promoter(s)

Pre Issue Share Holding: 100%

Post Issue Share Holding: 67.30%

Company Promoter(s)

Sunjay Kapur
Sona Autocomp Holding Private Limited
Singapore Vii Topco Iii Pte. Ltd

IPO - Issue Objectives

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

IPO - Anchor Investors

Ahead of IPO, Sona Comstar mops up Rs 2,498 crore from anchor investors
Government of Singapore Investment Corporation (GIC), and the Monetary Authority of Singapore (MAS) together made an investment of Rs 401.5 crore in the company through the anchor book.
Other foreign portfolio investors such as Nomura Asset Management, Fidelity, Eastspring Investments, Goldman Sachs Asset Management, Amundi, RWC Funds, Thornburg Developing World Fund, Morgan Stanley, Societe Generale, and Integrated Core Strategies Asia also participated significantly.

Among domestic names, SBI MF, Axis MF, Aditya Birla Sun Life MF, HDFC MF, Mirae Asset MF, SBI Life Insurance, Kotak MF, Kotak Life Insurance, Max Life Insurance, Bharti Axa Life Insurance, Invesco MF, Canara Robeco MF, Sundaram MF, IIFL, Baroda MF and Edelweiss also invested in the company.

IPO - FAQs

Ans. Sona BLW Precision IPO is a Mainboard IPO. The issue is priced at ₹285-291 per equity share. The minimum order quantity is 51 Shares. The IPO opens on Jun 14, 2021, and closes on Jun 16, 2021. KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Sona BLW Precision IPO opens on Jun 14, 2021 and closes on Jun 16, 2021.

Ans. The size of Sona BLW Precision IPO is 19,07,21,649 Eq Shares of ₹10(aggregating up to ₹5550 Crs) Fresh Issue: 1,03,09,278 Eq Shares of ₹10 (aggregating up to ₹300.00 Cr) Offer for Sale: 18,04,12,371 Eq Shares of ₹10 (aggregating up to ₹5250 Cr).

Ans. The IPO price band is set between ₹285-291 per equity share.

Ans. To apply for Sona BLW Precision IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Sona BLW Precision IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Sona BLW Precision IPO is Jun 21, 2021.

Ans. The Sona BLW Precision IPO will be listed on Jun 24, 2021.

Ans. Follow the steps to check the allotment status for Sona BLW Precision IPO here.