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 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 |
Read Also:-
- Sona Comstar IPO GMP (Grey Market Premium)
- Sona Comstar IPO Subscription Status
- Sona Comstar IPO Allotment Status
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 DRHP
- Sona Comstar RHP
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 EnclaveVillage Begumpur KhatolaSector 35, Post box no. 90Gurugram 122 004 Haryana, INDIAWebsite:- https://sonacomstar.com/
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.
