Sona Comstar

Sona BLW Precision Forgings Limited IPO

Sona BLW Precision Forgings Limited is launching an IPO (Initial Public Offering) on June 14, 2021 which will close on June 16, 2021. The IPO size is Rs 5550 Crore.

Sona BLW Precision Forgings Limited was incorporated in the year 1995 as Sona Okegawa Precision Forgings Ltd a JV with Mitsubishi Metal Corporation Limited. In the year 1998, it Commenced the production of bevel gears at its first plant in Gurugram, Haryana.

The Company is one of the leading automotive technology companies in India, the company’s primary business is designing, manufacturing, and supplying high-quality mission-critical automotive components such as assemblies, gears, conventional and micro-hybrid starter motors, etc.

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The Sona Group, after acquiring Thyssen Krupp’s forging business (which acquired BLW, the inventor of warm forging) and a 25 percent stake of Mitsubishi, renamed the company to Sona BLW Precision Forgings, which became the largest manufacturer of forged gears.

The company launched manufacturing plants in Chennai and Pune in the years 1999 and 2005 respectively. It launched final assembly and finishing plant in China and Mexico in the year 2016 and 2017 respectively.

Sona Comstar was among the top 10 global players in the differential bevel gear segment and among the largest exporters of starter motors in India, In 2020.

At present, the group has 9 manufacturing and assembly facilities across India, Mexico, China, and the USA, of which 6 manufacturing facilities are located in India. 

Management of the Company

Sunjay Kapur, Sona Autocomp Holdings Private Limited and Singapore VII Topco III Pte. Ltd is the promoters of the company.

Profitability of the Company

The latest financials are:

Particulars31-Mar-2131-Mar-2031-Mar-19
Total Assets21,74818,50716,326
Total Revenue15,68610,4387,025
Profit After Tax2,1523,6031,732
Figures in Million

Sona BLW Precision Forgings Limited IPO Details

The IPO size is Rs 5550 Crore. The price band for the issue has been kept at Rs 285-291 per share. The IPO will open on June 14, 2021 and will close on June 16, 2021.

The lot size is 51 shares and the face value is Rs 10 per equity share, the shares will be listed on BSE and NSE. The Fresh issue is Rs 300 Crore and the rest Rs 5250 Crore is for the offer for sale. The minimum lot is 1 and the cut-off amount is Rs 14,841. The Maximum lot which can be applied is 13 for 663 shares and the cut-off amount is Rs 192,933.

The allotment could be finalized on June 21, 2021 and the refund will be initiated on June 22, 2021. The IPO listing date is June 24, 2021.

The Post Issue Share Holding of the promoters will be 67.30%.

FAQs related to the Sona BLW Precision Forgings Limited IPO

How can I apply for Sona BLW Precision Forgings Limited IPO?

You can apply for the IPO through ASBA (Application Supported by Blocked Amount), almost all the banks are providing this facility.

Sona BLW Precision Forgings Limited IPO date?

The IPO will open on June 14, 2021 and will close on June 16, 2021.

Sona BLW Precision Forgings Limited IPO price band?

The face value of Sona BLW Precision Forgings Limited shares would be Rs 10, the price band for the issue has been kept at Rs 285-291 per share.

Sona BLW Precision Forgings Limited IPO lot size?

The lot size is 51 shares and the face value is Rs 10 per equity share. The minimum lot is 1 and the cut-off amount is Rs 14,841.

On Which Stock Exchange Sona BLW Precision Forgings Limited IPO will be listed?

Sona BLW Precision Forgings Limited IPO will be listed on the BSE (Bombay Stock Exchange) and the NSE (National Stock Exchange).

Sona BLW Precision Forgings Limited IPO size?

The IPO size is Rs 5550 Crore.

Sona BLW Precision Forgings Limited share allotment date?

The allotment could be finalized on June 21, 2021. and the refund will be initiated on June 22, 2021.

Sona BLW Precision Forgings Limited share listing date?

IPO listing date is June 24, 2021.


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