Sona BLW Precision Forgings Limited IPO

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.

Company Promoters:

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

Company Financials

Particulars For the year/period ended (Rs in Million)
Summary of financial Information (Restated) 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


Objects of the Issue:

The net proceeds from the IPO will be utilized towards the following purposes;

  • Repayment or prepayment of company's borrowings fully or partially.
  • General corporate purposes.

(Read Detailed Report)


Issue Details


ISSUE OPENS
Monday, June 14, 2021

ISSUE CLOSES
Wednesday, June 16, 2021

ISSUE PRICE
Rs 285 - Rs 291 Per Equity Share.

BID LOT
51 Equity shares & multiple of 51 Equity shares thereafter.

IPO SIZE
Rs. 5550 Cr

LISTING EXCHNAGES
NSE & BSE

ALLOTMENT DATE
Tentatively Tuesday, June 22, 2021

RATIO
QIB 75% - Retail 15% - NIB 10%

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