Sona BLW Precision Forgings Limited incorporated in 1995 as Sona Okegawa Precision Forgings Ltd. a JV with Mitsubishi Metal Corporation Limited. It 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. In 1998, it commenced production of differential bevel gears at first plant in Gurgram, Haryana, India.
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.
Points to note before investing in Sona Comstar IPO
It is one of the leading manufacturers and suppliers to global EV markets.
Company intends to capture market opportunity in the growing electric vehicle (EV) space
Powerpack business development with a customer-centric approach
The company aims to achieve a significant global share from existing systems and components
Consistent financial performance with industry-leading metrics
Sona Comstar IPO Details
IPO Opening Date
| June 14, 2021
|
IPO Closing Date
| June 16, 2021
|
Issue Type
| Book Built Issue IPO
|
Face Value
| ₹10 per equity share
|
IPO Price
| ₹285 to ₹291 per equity share
|
Market Lot
| 51 Shares
|
Min Order Quantity
| 51 Shares
|
Listing At
| BSE, NSE
|
Allotment , Listing and Refunds details
IPO Open Date
| June 14, 2021
|
IPO Close Date
| June 16, 2021
|
Basis of Allotment Date
| June 21, 2021
|
Initiation of Refunds
| June 22, 2021
|
Credit of Shares to Demat Account
| June 23, 2021
|
IPO Listing Date
| June 24, 2021
|
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