IPO Issue Details
Issue Price / Price Band₹291 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size51 Shares per Lot
Total Issue Size19,07,21,649 shares (aggregating up to ₹5,550.00 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenMon, 14 Jun 2021
Subscription CloseWed, 16 Jun 2021
Anchor AllotmentFri, 11 Jun 2021
Basis of AllotmentMon, 21 Jun 2021
Initiation of RefundsTue, 22 Jun 2021
Credit of Shares to DematWed, 23 Jun 2021
Listing DateThu, 24 Jun 2021
UPI Mandate Deadline2021-06-16
Application & Investment Details
Retail — Min (1 Lots)₹14,841 — 51 shares
Retail — Max (13 Lots)₹192,933 (13 Lots)
HNI — Min (14 Lots)₹2,07,774 — 714 shares
Pre-IPO Promoter Holding57,29,80,560 shares
Post-IPO Promoter Holding58,32,89,838 shares
Fresh Issue Shares1,03,09,278 shares (aggregating up to ₹300.00 Cr)
Offer for Sale Shares18,04,12,371 shares of ₹10 (aggregating up to ₹5,250.00 Cr)
About Sona BLW Precision Forgings Ltd.
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 strengthsOne 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.
Objects of the Issue
Sona BLW Precision Forgings Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Repaymentand pre-payment of identified borrowings in full availed by our Company
241.12
2
2 General corporate purposes
52.20
Shareholding & Lock-in
Pre-IPO Promoter Holding
57,29,80,560 shares
Post-IPO Promoter Holding
58,32,89,838 shares
Lock-in Period (30%)July 21, 2021
Lock-in Period (50%)September 19, 2021