Sona BLW Precision IPO
Mainboard₹14,841 / 51 Shares
IPO Details
Sona BLW Precision IPO IPO is priced between ₹285-291 per equity share, with a face value of ₹10 per share. The company's equity shares will be listed on the Mainboard, and KFintech Private Limited is managing the issue as the registrar.
The IPO bidding period opened on 14 Jun, 2021, and closed on 16 Jun, 2021. The allotment results will be announced on 21 Jun, 2021, with a tentative listing date set for 24 Jun, 2021.
The total issue comprises 19,07,21,649 Eq Shares of ₹10, amounting to ₹5550 Crs.
Sona BLW Precision IPO IPO Highlights
| IPO Date | Listing Date | Face Value | Price Band | Lot Size | Fresh Issue | Offer for Sale | Listing At |
|---|---|---|---|---|---|---|---|
| Jun 14, 2021 - Jun 16, 2021 | 24 Jun, 2021 | ₹10 Per Equity Share | ₹285-291 per equity share | - | Shares | - | BSE, NSE |
Sona BLW Precision IPO IPO Timeline
Issue Price
₹285-291 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
KFintech Private LimitedMarket 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 LimitedIssue 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 timesSona BLW Precision IPO IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 21 | 2174.83 | 1568.64 | 215.16 | - | - | - |
| 31 Mar 20 | 1850.68 | 1043.76 | 360.34 | - | - | - |
| 31 Mar 19 | 1632.55 | 70250 | 173.18 | - | - | - |
| 31 Mar 18 | 1483.77 | 625.92 | 77.57 | - | - | - |
All values are in ₹ Cr.
About 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.
Sona BLW Precision IPO IPO Subscription Details
| As on | QIB | NII bNII sNII | 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 |
1.17 times
Sona BLW Precision IPO IPO - Issue Objectives
- Repayment or prepayment of company's borrowings fully or partially.
- General corporate purposes.