Sona BLW IPO is all set to make a debut in the stock market with an issue size of 5550 Cr. Sona BLW Precision Forgings Limited is one of the leading automotive technology companies in India.
Sona BLW IPO -Overview
| Sona BLW Precision Forgings Limited IPO Issue Date | 14-16 June 2021 |
| Sona BLW Precision Forgings Limited IPO Opening Date | 14 July 2021 |
| Sona BLW Precision Forgings Limited IPO Face Value | INR 10 per share |
| Sona BLW Precision Forgings Limited IPO Price | INR 291 per share |
| Sona BLW Precision Forgings Limited IPO Lot Size | 51 Shares |
| Issue Size | 5,550.00 Cr |
| Offer for sale | 5,250.00 Cr |
| Issue Type | Book built Issue IPO |
| Listing At | BSE, NSE |
| QIB Shares Offered | 3.46 times |
| NII (HNI) Shares | 0.39 times |
| Company Promoters | Sunjay Kapur, Sona Autocomp Holdings Private Limited and Singapore VII Topco III Pte. Ltd are the company promoters. |
Sona BLW IPO-Tentative Dates
| Sona BLW Precision Forgings Limited IPO opening date | 14 June 2021 |
| Sona BLW Precision Forgings Limited IPO closing date | 16 June 2021 |
| Basis of Allotment | 21 June 2021 |
| Initiation of Refunds | 22 June 2021 |
| The credit of Shares to Demat | 23 June 2021 |
| Sona BLW Precision Forgings Limited IPO Listing Date | 24 June 2021 |
Sona BLW IPO – Industry Overview.
The Indian PV market is focused on the domestic market, with over 85% of demand stemming from the domestic market in Fiscal 2021. The ratio of exports-to-production for the industry has been declining from 19% in Fiscal 2016 to 15% in Fiscal 2021. This can be attributed to muted exports due to a slowdown in the global automobile industry as well as major OEMs focusing on serving fast-growing domestic markets over foreign markets. In Fiscal 2020, this share had gone up to approximately 20% as OEMs enhance their focus on export markets. Stagnating domestic traction in the past three years has resulted in foreign automobile manufacturers such as Ford, General Motors (GM), and Volkswagen (VW) increasing their focus on exports, thereby improving utilization by using spare capacity and boosting revenue. These players are developing India as an export hub, as evidenced by the consistent increase in the proportion of exports to their total production.
Sona BLW IPO – Company Overview
Sona BLW Precision Forgings is 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 and systems, EV traction motors (BLDC and MSM) and motor control units to automotive OEM across US, Europe, India, and China, for both electrified and non-electrified powertrain segments. According to the Ricardo Report, in the calendar year 2020, it is also among the top 10 players globally in the differential bevel gear market. Sona BLW is also expected to be among the top 10 global starter motor suppliers based on the exposure to the PV segment in the calendar year 2020, according to the Ricardo Report. Sona BLW 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.
Sona BLW IPO -Objectives
- Repayment or prepayment of company’s borrowings fully or partially.
- General corporate purposes.
Sona BLW IPO – Financial Statements
| Particulars | 31-Dec-20 | 31-Mar-20 | 31-Mar-19 |
| Total Assets | 21,748.30 | 18,506.82 | 16,325.57 |
| Total Revenue | 15,686.41 | 10,437.65 | 7,025.01 |
| Profit After Tax | 2,151.65 | 3,603.43 | 1,731.80 |
Sona BLW IPO – 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.
Sona BLW IPO- Weakness
- Highly competitive market.
Company Contact Information
Sona BLW Precision Forgings Limited
Sona Enclave Village, Begumpur Khatola
Sector 35, Gurugram – 122004
Phone: +91 0124 476 8200
Email: investor@sonacomstar.com
Website: http://www.sonacomstar.com/
Sona Comstar IPO Registrar
Phone: 04067162222, 04079611000
Email: sonacomstar.ipo@kfintech.com
Website: https://karisma.kfintech.com/
Sona Comstar IPO Lead Manager(s)
- Credit Suisse Securities (India) Private Limited (Past IPO Performance)
- J.P. Morgan India Private Limited (Past IPO Performance)
- JM Financial Limited (Past IPO Performance)
- Kotak Mahindra Capital Company Limited (Past IPO Performance)
- Nomura Financial Advisory And Securities (India) Pvt Ltd (Past IPO Performance)
