IPO

Sona BLW Precision IPO

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Auto Ancillary

Listed On: Jun 24, 2021 at ₹ 301.0(NSE)

₹ 14841 /51 Shares

Check Allotment

14 Jun, 2021

Open Date

16 Jun, 2021

Close Date

21 Jun, 2021

Allotment Date

24 Jun, 2021

Listing Date
Price Summary

Last Closing

489.10 (68.08%)

52 Week High

640.10

52 Week Low

380.00

Last Update

17-Dec-2025 3:30 PM
IPO Issue Details
  • Issue Price ₹285-291 per equity share
  • Face Value ₹10 Per Equity Share 
  • Issue Price 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)
  • Listing at BSE, NSE
  • List Price 301.0(NSE)
  • Listing Date 2021-06-24
  • 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 Limited
  • Registrar KFintech Private Limited
IPO Details
  • Retail Portion 10%
IPO Documents
DRHP
RHP
IPO Details


The IPO of is priced at ₹285-291 per equity share, which has a face value of ₹10 Per Equity Share  each, IPO bidding starts from Jun 14, 2021 and ends on Jun 16, 2021. The allotment for IPO will be finalized on Jun 21, 2021. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Jun 24, 2021. The company shall list its equity shares on the BSE, NSE. KFintech Private Limited is the registrar of the issue.

The book-running lead manager for the IPO is/are 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 Limited.


The IPO sets its price band at 285-291 for each share. A single application for Sona BLW Precision IPO must contain at least 51 shares.

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IPO Subscription Analysis And Details
Retail
1.58x
QIB
3.46x
NII
0.39x
Total
2.29x
As on QIB NII 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
Total No of Applications
446662
Subscription on the basis of Applications
1.17
Valuations
Earnings Per Share (EPS) ₹3.67/-
P/E Ratio 79.35
RoNW 16.5%
Net Asset Value (NAV) - As on 31.03.2021 ₹22.75
Company Financials
In Crs.
In Cr.
31-Mar-21 31-Mar-20 31-Mar-19 31-Mar-18
Assets 2,174.83 1,850.68 1,632.55 1,483.77
Revenue 1,568.64 1,043.76 702,50 625.92
Profit After Tax 215.16 360.34 173.18 77.57
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.

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- Promoter(s)

Sunjay Kapur

Sona Autocomp Holding Private Limited

Singapore Vii Topco Iii Pte. Ltd

Pre Issue Share Holding : 100%

Post Issue Share Holding : 67.30%

IPO - Issue Objectives
1

Repayment or prepayment of company's borrowings fully or partially.

2

General corporate purposes.

IPO - Anchor Investors

Ahead of IPO, Sona Comstar mops up Rs 2,498 crore from anchor investors
Government of Singapore Investment Corporation (GIC), and the Monetary Authority of Singapore (MAS) together made an investment of Rs 401.5 crore in the company through the anchor book.
Other foreign portfolio investors such as Nomura Asset Management, Fidelity, Eastspring Investments, Goldman Sachs Asset Management, Amundi, RWC Funds, Thornburg Developing World Fund, Morgan Stanley, Societe Generale, and Integrated Core Strategies Asia also participated significantly.

Among domestic names, SBI MF, Axis MF, Aditya Birla Sun Life MF, HDFC MF, Mirae Asset MF, SBI Life Insurance, Kotak MF, Kotak Life Insurance, Max Life Insurance, Bharti Axa Life Insurance, Invesco MF, Canara Robeco MF, Sundaram MF, IIFL, Baroda MF and Edelweiss also invested in the company.

IPO - Peers Comparison
P/B Ratio P/E Ratio RoNW Revenue(in Cr.)
Sona BLW Precision Forgings Limited 12.79 79.35 16.5% 1,568.64
Motherson Sumi Systems Limited 11.8 152.83 7.72% 57,599.24
Sundaram Clayton Limited 10.16 95.89 10.59% 20,361.68
Varroc Engineering Limited 3.45 106.85 3.23% 11,429.85
Bosch Limited 4.7 95.63 4.91% 10,220.20
Bharat Forge Limited 5.88 112.05 5.25% 6,505.15