Sona BLW Precision Forgings Limited IPO (Sona Comstar) IPO

Blackstone-backed Sona Comstar readies to launch a Rs 6000 crore IPO. The company has filed papers with SEBI regarding the same. The issue size will comprise fresh equity shares worth Rs 300 crores and offer for sale shares aggregating up to Rs 5700 crore. Sona Constar operates in the auto component segment. When launched, the IPO will be the largest in the industry.

Sona Comstar IPO

Issuer

Sona BLW Precision Forgings Limited IPO (Sona Comstar)

IPO Date : 14th June 2021 - 16th June 2021
Price Band
₹285 to ₹291 per equity share

Issue Size
₹5,550 crore

Face Value
₹10 per equity share

Market Lot
51 Shares

Listing At
NSE,BSE
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Sona Comstar Information

Sona BLW Precision Forgings Limited (Sona Comstar) largely manufactures precision-forged gears and has OEM customers like Renault Nissan, Volvo, Ashok Leyland, Mahindra Electric, Escorts, and Mahindra & Mahindra. About 25% of its production is exported to the United States and the European Union, leading to an improved reach.

Competitive strength

  • Diverse product portfolio across different areas
  • Strong and consistent financial performance
  • Leading manufacturer in the automotive sector
  • Large reach of products across continents
  • 9 assembly and manufacturing facilities across 4 countries
  • Strong Research and Development resources

Sona Comstar Information

Here are some important dates to look out for while applying for the Sona BLW Precision Forgings Limited IPO (Sona Comstar IPO) :
IPO Opens June 14, 2021
IPO Closes June 16, 2021
Basis of Allotment Date June 21, 2021
Refund Initiation June 22, 2021
Credit of Shares to Demat Account June 23, 2021
IPO Listing Date June 24, 2021

Sona BLW Precision Forgings Limited IPO (Sona Comstar) IPO Latest News & Subscription Status Today [Live]

Sona BLW Precision Forgings Ltd (Sona Comstar) is a Blackstone-backed company mainly involved in design, manufacturing, and supply of mission critical and highly engineered automotive systems and components to automotive OEMs (Original Equipment Manufacturers). Before the IPO today, the company had raised Rs.2,498 crore from anchor investors on the 11th of June.
June 16: Day 3
June 15: Day 2
June 14: Day 1

At 05:00 p.m

- This IPO has been subscribed 2.28x by 5:00 p.m. on Day 2
- It is a public issue of 107,105,262 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 3.46x
- (NII) Non-institutional buyers: 0.39x
- (RII) Retail Individual buyers: 1.58x

At 05:00 p.m

- This IPO has been subscribed 0.27x by 5:00 p.m. on Day 2
- It is a public issue of 107,105,262 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.14x
- (NII) Non-institutional buyers: 0.04x
- (RII) Retail Individual buyers: 1.02x

 

At 03:55 p.m

- This IPO has been subscribed 0.24x by 3:55 p.m. on Day 2
- It is a public issue of 107,105,262 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.11x
- (NII) Non-institutional buyers: 0.03x
- (RII) Retail Individual buyers: 0.92x

 

At 03:05 p.m

- This IPO has been subscribed 0.21x by 3:05 p.m. on Day 2
- It is a public issue of 107,105,262 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.09x
- (NII) Non-institutional buyers: 0.02x
- (RII) Retail Individual buyers: 0.83x

 

At 01:45 p.m

- This IPO has been subscribed 0.19x by 1:45 p.m. on Day 2
- It is a public issue of 107,105,262 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.09x
- (NII) Non-institutional buyers: 0.02x
- (RII) Retail Individual buyers: 0.77x

 

At 12:49 p.m

- This IPO has been subscribed 0.18x by 12:49 p.m. on Day 2
- It is a public issue of 107,105,262 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.08x
- (NII) Non-institutional buyers: 0.01x
- (RII) Retail Individual buyers: 0.73x

 

At 10:59 p.m

- This IPO has been subscribed 0.13x by 10:59 a.m. on Day 2
- It is a public issue of 107,105,262 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.02x
- (NII) Non-institutional buyers: 0.01x
- (RII) Retail Individual buyers: 0.64x

 

At 10:09 a.m

- This IPO has been subscribed 0.11x by 10:09 a.m. on Day 2
- It is a public issue of 107,105,262 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.02x
- (NII) Non-institutional buyers: 0.01x
- (RII) Retail Individual buyers: 0.54x

At 05:00 p.m

- This IPO has been subscribed 0.51x by 5:00 p.m. on Day 1
- It is a public issue of 107,105,262 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.02x
- (NII) Non-institutional buyers: 0.01x
- (RII) Retail Individual buyers: 0.51x

 

At 04:05 p.m

- This IPO has been subscribed 0.08x by 4:05 p.m. on Day 1
- It is a public issue of 107,105,262 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.01x
- (RII) Retail Individual buyers: 0.43x

 

At 03:05 p.m

- This IPO has been subscribed 0.07x by 3:05 p.m. on Day 1
- It is a public issue of 107,105,262 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.00x
- (RII) Retail Individual buyers: 0.36x

 

At 01:25 p.m

- This IPO has been subscribed 0.05x by 13:25 p.m. on Day 1
- It is a public issue of 107,105,262 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.00x
- (RII) Retail Individual buyers: 0.28x

 

At 12:49 p.m

- This IPO has been subscribed 0.04x by 12:49 p.m. on Day 1
- It is a public issue of 107,105,262 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.00x
- (RII) Retail Individual buyers: 0.24x

 

At 12:00 p.m

- This IPO has been subscribed 0.04x by 12:00 p.m. on Day 1
- It is a public issue of 107,105,262 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.00x
- (RII) Retail Individual buyers: 0.19x

 

At 11:10 a.m

- This IPO has been subscribed 0.02x by 11:10 a.m. on Day 1
- It is a public issue of 107,105,262 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.00x
- (RII) Retail Individual buyers: 0.14x

 

How to apply for Sona BLW Precision Forgings Limited IPO (Sona Comstar) :


1. Applying for the Sona BLW Precision Forgings Limited IPO (Sona Comstar) can be done through the UPI method. You can link your bank account to a UPI handle.

2. If you are new to investing, you can open a free DEMAT Account with Angel Broking and start your investment journey to build wealth and gain financial freedom in the long run.

In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date as mentioned in the above table. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.

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Sona BLW Precision Forgings Limited IPO (Sona Comstar) IPO FAQs

What is an IPO?

An IPO is typically announced by a company that is listed on stock exchanges. This is done as an attempt to raise funds from the public for several reasons such as consolidating debt, launching a new line of product, expansion of the business, or others.

What is the Sona BLW Precision Forgings Limited IPO (Sona Comstar) IPO?

Sona BLW Precision Forgings Limited IPO (Sona Comstar) has announced an IPO to aggregate an issue size up to Rs. 5,550 Crores. These raised funds would be partially used to repay existing debts and to build debt funding for future capital expenditure investments.

How to apply for the Sona BLW Precision Forgings Limited IPO (Sona Comstar) through Angel Broking?

If you are an existing investor, you can apply through the Angel Broking app or the website. If you don’t have an Angel Broking account, click here to open an account with online KYC.

When will the Sona BLW Precision Forgings Limited IPO (Sona Comstar) open?

The Sona BLW Precision Forgings Limited IPO (Sona Comstar) will open on the 14th of June 2021 and will continue to remain open for a span of 3 days.

What is the minimum lot size for retail investors?

To apply for the Sona BLW Precision Forgings Limited IPO (Sona Comstar), a minimum of 51 shares have to be purchased.

How to apply for the Sona BLW Precision Forgings Limited IPO (Sona Comstar) IPO?

You can apply for the Sona BLW Precision Forgings Limited IPO (Sona Comstar) using UPI.

When is the Sona BLW Precision Forgings Limited IPO (Sona Comstar) allotment date?

The allotment date for Sona BLW Precision Forgings Limited IPO (Sona Comstar) is yet to be announced.

When is the Sona BLW Precision Forgings Limited IPO (Sona Comstar) listing date?

The listing date of Sona BLW Precision Forgings Limited IPO (Sona Comstar) is not yet announced.

How to pay for the Sona BLW Precision Forgings Limited IPO (Sona Comstar) using UPI?

All the retail investors who plan to invest in Sona BLW IPO have to pay via UPI by linking their bank account to a UPI handle. A UPI mandate would be raised upon the purchase of shares.

How will I receive the Sona BLW Precision Forgings Limited IPO (Sona Comstar)?

The Sona BLW Precision Forgings Limited IPO (Sona Comstar) shares will directly be credited to your Demat account. If you don’t have a Demat Account, get one right away by clicking here.

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