Sona Comstar IPO Date,GMP, Review, Price, Form & Market Lot Details – Sona BLW Precision Forgings IPO

Sona BLW Precision Forgings AKA Sona Comstar has received  Sebi’s approval to raise Rs 6,000 crore through  IPO (Initial Public Offer). The IPO comprises a fund-raise via fresh issue amounting to Rs 300 crore and an offer for sale aggregating up to Rs 5,700 crore by selling shareholder Singapore VII Topco III Pte Ltd, an affiliate of the Blackstone Group Inc, according to draft red herring prospectus.
Through the IPO, Blackstone Group will cut its stake in the company which currently stands at 66.28%. Sona Comstar intends on using the proceeds from the fresh issue towards repayment or pre-payment, in full or part, of certain borrowings availed by the company. The offer document states that Sona Comstar’s IPO will have 75% of the issue reserved for Qualified Institutional Buyers (QIB), while the non-institutional investors (NII) portion will be 15% and the remaining 10% will be reserved for the retail investors. Kotak Mahindra Capital Company, Credit Suisse Securities, JP Morgan India, JM Financial and Nomura Financial Advisory and Securities are the book running lead managers (BRLM) of the issue.

Facts:

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.

    Sona Comstar IPO Detail

    Sona Comstar IPO Date & Price Band:

    Issuer Sona Comstar
    Issue Type Book Built Issue IPO
    Issue Period Issue Opens: 14 June 2021
    Issue Closes: 16 June 2021
    Price Brand ₹285 to ₹291 Per Share
    Issue Size ₹ 5550 Crores (Approx)
    Face Value Rs.10 per Equity Share
    Market Lot 50 Shares
    Maximum Bid amount for Retail Rs.1,89,150  Lakhs
    QIB 75% of the issue size
    NIB 15% of the issue size
    Retail Individual Bidders 10% of the issue size
    Offer for Sale [.] Eq Shares of ₹10
    (aggregating up to ₹5250.00 Cr)
    Fresh Issue [.] Eq Shares of ₹10
    (aggregating up to ₹300.00 Cr)
    Listing at NSE & BSE

    Sona Comstar IPO Tentative Timetable

    The Sona Comstar IPO open date is   2021 , and the close date is   2021. The issue may list on . 
    IPO Open Date 14 June , 2021
    IPO Close Date 16 June , 2021
    Basis of Allotment Date 21 June, 2021
    Initiation of Refunds 22 June, 2021
    Credit of Shares to Demat Account 23 June, 2021
    IPO Listing Date 24 June, 2021

    Sona Comstar IPO Market Lot:

    Minimum Lot Size: Minimum 50 Shares
    Minimum Amount: ₹14,550
    Maximum Lot Size: Maximum 650 Shares
    Maximum Amount: ₹1,89,150

    Sona Comstar Company Financial:

    Particulars For the year/period ended (₹ in million)
    31-Dec-20 31-Mar-20 31-Mar-19 31-Mar-18
    Total Assets 21,120.42 18,506.82 16,325.57 14,837.77
    Total Revenue 10,296.28 10,437.65 7,025.01 6,259.23
    Profit After Tax 1,554.69 3,603.43 1,731.80 775.72
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    Sona Comstar IPO Form:

    How to apply the Sona Comstar IPO? You can apply Sona Comstar IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Sona Comstar IPO in the Invest section. The other option you can apply Sona Comstar IPO via IPO forms download via NSE and BSE. Check out the Sona Comstar IPO forms – click NSE Forms & BSE Forms blank  IPO forms download, fill and submit in your bank or with your broker.

    About Sona Comstar

    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.

    Sona Comstar IPO Prospectus

       

    Sona Comstar Company Promoters:

    • Sunjay Kapur
    • Sona Autocomp
    • Singapore Topco

    Sona Comstar IPO Registrar:

    KFintech Private Limited
    KFintech, Tower-B, Plot No 31 & 32,
    Financial District, Nanakramguda, Gachibowli,
    Hyderabad, Telangana India – 500 032.

    Phone: 04067162222, 04079611000
    Email: einward.ris@karvy.com
    Website: https://karisma.kfintech.com/

    Sona Comstar IPO Lead Managers: 

    • Kotak Mahindra Capital Company, 
    • Credit Suisse Securities, 
    • JP Morgan India, 
    • JM Financial 
    • Nomura Financial Advisory and Securities

    Sona Comstar Company Address: 

    Sona Enclave 

    Village Begumpur Khatola 
    Sector 35, Post box no. 90 
    Gurugram 122 004 Haryana, INDIA

    Sona Comstar IPO FAQs:

    1. What is Sona Comstar IPO?
    Sona BLW Precision Forgings IPO is a main-board IPO. They are going to raise ₹6000 Crores via IPO. The issue is priced at ₹285 to ₹291 per equity share. The IPO to be listed on BSE & NSE.

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

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

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

    5. What is Sona Comstar IPO Allotment Date?
    Sona Comstar IPO allotment date is 21 June 2021. You can check IPO allotment here.

    6. What is Sona Comstar IPO Listing Date?
    Sona Comstar IPO listing date is  24 June 2021. The IPO to list on NSE and BSE. 

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