Sona Comstar IPO - Grey Market, GMP & Reviews

IPO Details

Issue Date 14 Jun 2021 - 16 Jun 2021
Issue Size ₹909 Cr
Issue Price ₹303-306
Market Lot 45 Shares
Shares on Offer
Registrar KFintech
GMP ₹4-5
Kostak ₹350-400
Subject to Sauda N/A
Listing Date 24 Jun 2021
Listing Price N/A
Listing Gain% N/A

About Sona BLW Precision Forgings Limited

The automotive industry is aggressively disruptive. It is against this backdrop that Sona Comstar has come together to combine precision forging finesse and electrical excellence to become one of India’s leading automotive technology companies. With a strong focus on research and development (“R&D”), they develop mechanical and electrical hardware systems, components as well as base and application software solutions, to meet the evolving demands of their customers. Their breakthrough mindset enables us to deliver newer automotive solutions in the pursuit of excellence in green automation. They are one of a few companies globally, with the ability to design high power density EV systems handling high torque requirements with a lightweight design, while meeting stringent durability, performance and NVH specifications of EV manufacturers.

Sona Comstar designs, manufactures and supplies highly engineered, mission critical, automotive systems and components such as Differential Assemblies, Differential Gears, Conventional and Micro-Hybrid Starter Motors, BSG systems, EV Traction Motors (BLDC and PMSM) and Motor Control Units to automotive OEMs across US, Europe, India and China, for both electrified and non-electrified powertrain segments. In calendar year 2020, they were among the Top 10 players globally in the Differential Bevel Gear market, and are also expected to be among the Top 10 global Starter Motor suppliers to the Passenger Vehicle Industry. They have been gaining global market share across products to reach a share of approximately 5.0% for differential bevel gears, 3.0% for starter motors and 8.7% for BEV differential assemblies, in calendar year 2020. They have nine manufacturing and assembly facilities across India, China, Mexico and USA, of which six are located in India, from where they supply their products to six out of the top 10 global Passenger Vehicle OEMs, three out of the top 10 global Commercial Vehicle OEMs and seven out of the top eight global Tractor OEMs by volume. They are a global supplier and they are also one of the two largest exporters of starter motors from India.

They enter this age of rapid change firmly rooted in their values and unwavering focus on safety and quality, while simultaneously keeping their eyes on the prize of being future-ready. They extend their sincere gratitude for ytheir belief in us as a team. Welcome to the new era of Sona Comstar. They look forward to ytheir continued support and feedback.

Company Financials

Particulars 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets (In ₹ Millions) 18,506.82 16,325.57 14,837.77
Total Revenue (In ₹ Millions) 10,437.65 7,025.01 6,259.23
Profit After Tax (PAT) (In ₹ Millions) 3,603.43 1,731.80 775.72

Grey Market Premium Updates

Date GMP Kostak Subject to Sauda

Strengths & Weaknesses

Strength
Weakness

Sona BLW Precision Forgings Limited IPO Reviews

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Subscription Details

Date & Time QIB NII RII Total
Day 1 - 14 Jun 2021 0.02 0.01 0.51 0.11
Day 2 - 15 Jun 2021 0.14 0.04 1.02 0.27
Day 3 - 16 Jun 2021 3.46 0.39 1.58 2.28

Allotment Status

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IPO Allotment Status

Sona BLW Precision Forgings Limited IPO FAQs

  1. When will Sona BLW Precision Forgings Limited IPO open?

    Sona BLW Precision Forgings Limited IPO will open on 14 Jun 2021 and close on 16 Jun 2021.

  2. What is the listing date of Sona BLW Precision Forgings Limited IPO?

    Sona BLW Precision Forgings Limited IPO will list on 24 Jun 2021.

  3. What is the offer price of Sona BLW Precision Forgings Limited IPO?

    The offer price of Sona BLW Precision Forgings Limited IPO is ₹303-306.

  4. What is the lot size of Sona BLW Precision Forgings Limited IPO?

    The lot size of Sona BLW Precision Forgings Limited IPO is 45.

  5. What is the Grey Market Premium (GMP) price of Sona BLW Precision Forgings Limited IPO?

    The Grey Market Premium (GMP) price of Sona BLW Precision Forgings Limited IPO is ₹4-5.

  6. What is the Kostak price of Sona BLW Precision Forgings Limited IPO?

    The Kostak price of Sona BLW Precision Forgings Limited IPO is ₹350-400.

  7. What is the Subject to Sauda price for Sona BLW Precision Forgings Limited IPO?

    The Subject to Sauda price for Sona BLW Precision Forgings Limited IPO is Not Available at the moment.

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