Sona Comstar IPO Reviews, Dates, Price Band, Market Lot & Financial Details.

Sona BLW Precision also known as Sona Comstar IPO is going to launch, and you can apply to Sona BLW IPO from 14th June to 16th June 2021. Sona Comstar aims to raise ₹5,550 crores through an IPO that consists of a fresh issue of ₹300 crores worth equity and OFS(Offer For Sale) of ₹5,250 crores by existing shareholders. 

Gurugram based Sona Comstar is in the top 10 list of auto component manufacturers globally as per the CRISIL reports. They manufacture differential bevel gear and export starter motors globally on a large scale. They export to countries like the USA, India, China, and Europe. In total, they have 9 manufacturing units in India(6), China, the USA, and Mexico. Many IPOs are going to launch this year check here the list.

Sona Comstar IPO Dates & Price Band:

Open date14th June 2021
Close date16th June 2021
Total Size of IPO₹5,550 Cr.
Fresh Issue ₹300 Cr.
Offer for Sale₹5,250 Cr.
Price Band₹285 – ₹291
Face Value₹10 per share
Listing onNSE and BSE
Retail Investor’s Portion10%

Sona BLW Precision Forging IPO Market Lot:

The minimum market lot of Sona Comstar IPO is 51 shares with 14,841 application. Retail investors can apply for 13 lots with 663 shares application worth 1,92,933.

ApplicationLotSharesCut Off Amount
Minimum (RII)151 14,841
Maximum (NII)16631,92,933

Should you subscribe to Sona Comstar IPO?

Strengths – 

  • Sona Comstar comes in the top 10 leading manufacturers list globally.
  • They have a well-diversified business. Revenues from the respective countries in percentage are America(40%), Europe(25.2%), India(24.7%) and China(5.4%).
  • Supplies automotive parts for Electric vehicles which can give them more business in India.
  • Sona Comstar has established clients like Jaguar Land Rover ,Mahindra Electric, Maruti Suzuki, Renault Nissan, etc.

Risks- 

  • Many strong global players with good financial numbers can be a threat to companies’ businesses. 
  • The automotive sector is cyclical and in the past few years due to lockdown, this sector has suffered a lot. 

Final verdict – 

Sona Comstar added 13% more to its revenue from the EV business and this number can be scaled in the future. From the past 3 years, they managed to grow their financial numbers pretty well and this gives strong confidence for investors to invest in Sona Comstar IPO. 

Investors can invest for the long term in the Sona Comstar IPO. It’s early to predict but Sona Comstar IPO can give great listing gains by seeing its grey market premium. You can keep a track of Sona Comstar IPO GMP here.

Sona Comstar IPO Allotment & Listing Dates:

Sona Comstar IPO date is 14th June and closing date is 16th June. Allotment of shares will be done on 21st June and listing date on NSE & BSE is 24th June 2021.

Allotment Date for Sona Comstar – 21st June 2021
Refund Date for Sona Comstar – 22nd June 2021
Credit of Shares to Demat Account – 23rd June 2021
Listing Date for Sona Comstar – 24th June 2021

Applying Sona BLW Precision Forging IPO through the form: 

Besides applying IPOs through ASBA application or through Demat accounts you can also apply to IPOs with the help of forms provided by NSE or BSE. This is one of the traditional and safe ways to apply for an IPO subscription. Download the form through this link and fill the form carefully. You have to submit your filled form to the bank or broker.

Financials of Sona Comstar IPO:

Financials of Sona BLW Precision Forgings is very attractive. From 2019 the revenue numbers are increasing constantly. Net income after paying tax looks good. Upcoming financial numbers are expected to be good so we suggest investors to apply for the IPO.

YearRevenue (₹ in Cr.)Expense (₹ in Cr.)Net Income (₹ in Cr.)
2019703548175.8
20201044889360
2021 (9M)1031819152

About Sona Comstar – 

Sona Comstar focuses on technology and R&D in manufacturing mechanical and electrical systems. They make use of powerful application software which helps them to satisfy the needs of customers. Sona BLW Precision is the only company globally to design high-density electric vehicle systems that can handle high torque to give efficient results while maintaining all other factors.

They are among the limited manufacturers who combine motor and driveline capabilities to offer efficient systems to the EV customer base. Sona Comstar manufactures high voltage batteries for 2 wheeler electric vehicles and hybrid PVs, and differential assemblies for electric passenger vehicles. They integrate three main components – differential assemblies, high voltage motors, and inverters to give efficient solutions for EV OEMs. 

IPO Registrar Details –

KFintech Private Limited
Phone: 1-800-3454001
Email: [email protected]
Website: https://karisma.kfintech.com/

Sona Comstar Contact Details –

Sona BLW Precision Forgings Limited
Sona Enclave Village, Begumpur Khatola,
Sector 35, Gurugram, Haryana–122004.
Telephone:+91 0124 476 8200,
Contact Person: Ajay Pratap Singh
E-mail:[email protected]
Website: www.sonacomstar.com

Frequently Asked Questions on Sona Comstar IPO –


When will Sona Comstar IPO open for Investors?

Sona Comstar IPO will open on 14th June 2021 and will close on 16th June 2021.

What is Sona Comstar IPO Retail Portion?

The portion allocated for retail investors in Sona Comstar IPO is 10%

How to apply for Sona Comstar IPO?

You can apply Sona Comstar IPO in 3 ways:
Open a Demat account through a bank or brokerage firm and apply through it.
Apply via ASBA application online through your bank.
Fill up the offline IPO form and submit it to the bank or broker.

Should I invest in Sona Comstar IPO?

Sona Comstar added 13% more to its revenue from the EV business and this number can be scaled in the future. From the past 3 years, they managed to grow their financial numbers pretty well and this gives strong confidence for investors to invest in Sona Comstar IPO. 

What is the allotment date for Sona Comstar IPO?

21st June 2021 is the allotment date for Sona Comstar IPO.

What is the listing date for Sona Comstar IPO?

24th June 2021 is the listing date for Sona BLW IPO. It will be listed on NSE and BSE.

What is the cutoff price for Sona Comstar IPO?

The cutoff price for Sona BLW IPO is ₹291 per share.

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