The country’s largest auto part manufacturer Sona BLW Precision Forging Limited had filed DRHP in February for an IPO of ₹5550 Crores, which is now approved by SEBI. Sona Comstar IPO Open date is 14 June and closes on 16 June 2021. This IPO of Sona Comstar IPO will be the biggest public issue of any auto component-making Indian company.
Sona Comstar IPO will raise ₹5550 Crore through an IPO, in which shares will be issued through a fresh issue of ₹300 Crore and an offer for sale of ₹5250 Crore. Promoters and existing investors of the company will issue their shares through Offer for Sale (OFS). Through this IPO, QIB 75% (qualified institutional buyers) NII 15% (non-institutional investors), and RII 10% have been reserved for retail individual investors.
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Let us tell you that Sona Comstar, a company of Sona BLW Precision Forging Ltd, is an automotive technology company that supplies highly engineered, mission-critical automotive systems and components such as component assembly, differential gear, conventional and micro-hybrid starter motors. The company supplies its products to automotive original equipment manufacturers in the US, Europe, India, and China. The company is one of the two largest exporters of starter motors in India, besides being the largest manufacturer of differential gears for passenger vehicles, commercial vehicles, and tractors in India.
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Some of its key OEM customers include Ashok Leyland, Daimler, Escorts, Mahindra & Mahindra, Mahindra Electric, Maruti Suzuki, Renault Nissan, Volvo, and Volvo Eicher. If we talk about the stake, then American private equity firm Blackstone bought the minority stake in Soan Comstar for Rs 1000 crore in the year 2018. Blackstone holds a 66% stake in this company, then a year later in 2019, the US equity firm bought a 34% stake in Sunjay Kapur’s company Sona BLW and merged it with auto parts maker Comstar to launch Sona Comstar.
Sona Comstar IPO Review :
■ Apply For Medium Listing Gain
Sona Comstar IPO Date & Price Band & Details :
|IPO Open :||14 June 2021|
|IPO Close :||16 June 2021|
|IPO Size :||₹5550. Cr|
|Face Value :||₹10 Rs. Equity Share|
|Price Band :||₹285 – ₹291 Per Share|
|Listing On :||BSE, NSE|
|Issue Size :||₹5550. Cr|
|Fresh Issue :||₹300. Cr|
|Offer For Sale :||₹5250. Cr|
Sona Comstar IPO Market Lot :
Sona Comstar IPO Minimum Market lot is 51 shares with ₹14,841 Application amount. The retail investors can apply up to 13 lots with 663 Shares or ₹1,92,933 amounts.
|Minimum Lot Size :||1 Lot|
|Minimum Amount :||₹14841|
|Minimum Shares :||51 Share|
|Maximum Lot :||13 Lot|
|Maximum shares:||663 Share|
|Maximum Amount :||₹192,933|
Sona Comstar IPO Shares Offer :
A total of 1,90,721,649 shares are to be bid for the public issue by Sona Comstar IPO with 18,309,278 Shares for the Fresh issue and 1,72,412,371 Sharesfor an offer for sale.
|Fresh Issue :||18,309,278||₹300 Cr|
|Offer for sale :||1,72,412,371||₹5250 Cr|
|Total :||1,90,721,649||₹5550 Cr|
Sona Comstar IPO Reservation :
Sona Comstar IPO Total Reservation of 1,90,721,649 Shares are to be bid for the public issue by Sona Comstar IPO with 1,43,041,237 Shares for QIB and 28,608,247 Shares for NII and 19,072,165 Shares For RII & – Shares EMP.
|QIB :||50%||1,43,041,237||₹4162.50 Cr|
|NII :||15%||28,608,247||₹832.50 Cr|
|RII :||35%||19,072,165||₹555 Cr|
|Total :||100%||1,90,721,649||₹5550 Cr|
Sona Comstar IPO Dates :
Sona Comstar IPO Date is 14 June and the close date is 16 June. The allotment date is 21 June and the IPO to list on 24 June 2021.
|Open Date :||14 June 2021|
|Close Date :||16 June 2021|
|Allotment Date :||21 June 2021|
|Refund Date :||22 June 2021|
|Share Credit Date :||23 June 2021|
|Listing Date :||24 June 2021|
Sona Comstar IPO Form :
There are two ways to apply in Sona Comstar IPO. You can apply for Sona Comstar IPO through ASBA available in your bank account. You have to go to your online bank login and select Sona ComstarIPO in the Invest section and apply through your bank account. Another option is you can apply Sona ComstarIPO through IPO form download through NSE and BSE. See the Sona Comstar IPO Form – Download the NSE Form and BSE Form IPO Form, fill it, and submit it to your bank or your broker.
Sona Comstar Company Financial Report (Cr) :
About Sona Comstar Company :
Our Company was originally incorporated as “Sona Okegawa Precision Forgings Limited” at New Delhi as a public limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated October 27, 1995, issued by the registrar of Companies, NCT of Delhi and Haryana at New Delhi(“RoC”)and commenced operations pursuant to the certificate of commencement of business dated November 16, 1995, issued by the RoC. The name of our Company was changed to “Sona BLW Precision Forgings Limited” as approved by our Shareholders by way of a resolution dated June 28, 2013, and a fresh certificate of incorporation dated July 23, 2013, consequent upon change of name was issued by the RoC.
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We are one of India’s leading automotive technology companies, designing, manufacturing, and supplying 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 MSM) and motor control units to automotive OEMsacross US, Europe, India, and China, for both electrified and non-electrified powertrain segments. According to the Ricardo Report, in the calendar year 2020, we were among the top 10 players globally in the differential bevel gear market. We are also expected to be among the top 10 global starter motor suppliers based on our exposure to the PV segment in the calendar year 2020, according to the Ricardo Report.
We 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 the calendar year 2020, according to the Ricardo Report. We have nine manufacturing and assembly facilities across India, China, Mexico, and the USA, of which six are located in India, from where we supply our products to six out of the top 10 global PV OEMs, three out of the top 10 global CV OEMs and seven out of the top eight global tractor OEMs by volume, according to the Ricardo Report.
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We are a global supplier and we derived 75.4% of our income from the sale of goods with end-use in the overseas markets, including 40.2% in North America, 25.3% in Europe and 5.3% in China, and 24.6% of our income was derived from the sale of goods with end-use in India, for the nine months ended December 31, 2020. We are also one of the two largest exporters of starter motors from India, according to the Ricardo Report.
Our Competitive Strengths
While BEV sales as a percentage of total global vehicle sales were 3.3%in calendar year 2020, according to the Ricardo Report, 13.7% of our income from the sale of goods was derived from the BEV market for the nine months ended December 31, 2020. As a percentage of our total sale of goods, our income from the sale of goods to the BEV market has grown from 1.1% in the Fiscal Year 2018 to 2.0% in Fiscal Year 2020 and 13.7% for the nine months 162ended December 31, 2020. For the nine months ended December 31, 2020, approximately 72.8% of our income from the sale of goods was derived from the sale of goods to BEV, hybrid/ micro-hybrid, and power source neutral products.
Company Promoters :
■ Sunjay Kapur
Quick Link :
Sona Comstar IPO Lead Managers :
■ Kotak Mahindra Capital Company Limited
■ Credit Suisse Securities (India) Private Limited
■ JM Financial Limited
■ J.P. Morgan India Private Limited
■ Nomura Financial Advisory and Securities (India) Private Limited
Sona Comstar IPO Registrar :
KFin Technologies Private Limited
Plot 31 & 32, Gachibowli
Financial District, Nanakramguda, Serilingampally
Hyderabad 500 032
Tel: +91 40 6716 2222
E-mail: [email protected]
Note: Check Sona Comstar IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
Sona Enclave Village
Sector 35, Gurugram
Haryana – 122004, India
Sona Comstar IPO FAQs :
What is Sona Comstar IPO?
Sona Comstar IPO is Mainboard IPO. They are going to raise ₹5550. Crores via IPO. The issue is priced at ₹285-₹291 per equity share. The IPO to be listed on NSE, BSE.
When Sona Comstar IPO will open?
The IPO is to open on 14 jun 2021 – 16 June 2021 for QIB, NII & RII.
What is Sona Comstar IPO Size?
Sona Comstar IPO size is ₹5550 Crores.
What is the Fresh issue size of Sona Comstar IPO?
The Fresh issue size of Sona Comstar IPO ₹300 Cr.
What is the Offer For Sale size of Sona Comstar IPO?
The Offer For Sale size of Sona Comstar IPO ₹5250 Cr.
What is Sona Comstar IPO Price Band?
Sona Comstar IPO Price Band is ₹285-₹291 Per share.
What is Sona Comstar IPO Minimum and Maximum Lot Size?
The minimum bid is 1 Lot 51 Shares with ₹14841 amount while the maximum bid is 13 Lot 663 shares with ₹192,933.
What is Sona Comstar IPO Investors Portion?
The investors’ portion for QIB 75%, NII 15%, RII 10%.
What is the Sona Comstar IPO Allotment Date?
Sona Comstar IPO allotment date is 21 June 2021.
What is Sona Comstar IPO Listing Date?
Sona Comstar IPO listing date is 24 June 2021. The IPO to list on NSE, BSE.
How to Apply the Sona Comstar IPO through Zerodha?
Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Sona Comstar IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Sona Comstar IPO through Upstox?
Log in to Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Sona Comstar IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Sona Comstar IPO through Groww?
Log in to Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Sona Comstar IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Sona Comstar IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “Sona Comstar IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
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