Sona BLW Precision Forgings was incorporated on October 27, 1995. The company is in 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 systems, EV traction motors and motor control units to automotive OEMs across US, Europe, India and China, for both electrified and non-electrified powertrain segments
| Bidding Dates |
|---|
| 14 Jun 2021 - 16 Jun 2021 |
| Subscription |
|---|
| 2.28x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,841 | 1 | 13 | 51 | 190.7 M | ₹285 - ₹291 | 67.3 % | ₹54355.7 M - ₹55500.0 M | RHP DOC |
Sona BLW Precision IPO SUBSCRIPTION STATUS
16 Jun '21Sona BLW Precision IPO overall subscription rate was 2.28 times the total available shares
Sona BLW Precision IPO retail subscription rate was 1.58 times in the retail segment
Sona BLW Precision IPO non-institutional investor subscription rate was 0.39 times in the non-institutional investor category
Sona BLW Precision IPO Qualified Institutional Bidder subscription rate was 3.46 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
16 Jun 2021 (Day 3) | 1.58x | 0.39x | 3.46x |
15 Jun 2021 (Day 2) | 1.02x | 0.04x | 0.14x |
14 Jun 2021 (Day 1) | 0.51x | 0.01x | 0.02x |
Sona BLW Precision FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) | Margins |
| FY21 | 2,151.7 | 15,663.0 | 1,427.3 | -753.0 | 28.2% |
| FY20 | 3,603.4 | 10,379.8 | 2,533.4 | 414.0 | 26.7% |
| FY19 | 1,731.8 | 6,992.2 | 1,546.1 | 132.0 | 8.9% |
Sona BLW Precision IPO SUBSCRIPTION STATUS DETAILS
Sona BLW Precision had 190.7 M shares on offer
Sona BLW Precision IPO offer price was in the range ₹285 - ₹291
Sona BLW Precision IPO minimum Investment was ₹14841
Sona BLW Precision IPO issue size was ₹ 54355.7 M - ₹ 55500.0 M
Sona BLW Precision had a minimum lot size of 51 Shares per application
Sona BLW Precision NUMBER OF SHARES ON OFFER
Sona BLW Precision IPO IMPORTANT DATES
| Issue Open Date | 14 Jun 2021 |
| Issue close Date | 16 Jun 2021 |
| Allotment Date | 21 Jun 2021 |
| Refund Date | 22 Jun 2021 |
| Demat Account Credit Date | 23 Jun 2021 |
| Listing Date | 24 Jun 2021 |
| Listing on Exchange(s) | NSE and BSE |
| Sona BLW Precision Allotment Status | Exchange |
Sona BLW Precision IPO subscription opened on 14 Jun 2021, and closed on 16 Jun 2021
IPO allotment for Sona BLW Precision was finalized on Monday, 21 Jun 2021
IPO listing for Sona BLW Precision was on NSE and BSE on Thursday, 24 Jun 2021
Sona BLW Precision IPO LISTING GAINS
| Issue Price (adjusted) | 291.0 |
| Listing Open Price | 302.4 |
| Listing Close Price | 362.9 |
| Listing Gain% | 3.9% |
| Current Gain% | 181.1% |
Sona BLW Precision Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sona BLW Precision Forgings Ltd. | 818 | 47716 | 73.3 | 3.8 | 10.3 | 10.7 | 8.6 | 4572.1 | 24.2 | 640.2 | 6.5 | 11.2 | 19.2 |
| Samvardhana Motherson International Ltd. | 168.5 | 177842.4 | 40.6 | 1.3 | 1.4 | 9.4 | 3.5 | 126414.2 | 10.7 | 3859.7 | 1.5 | 4.1 | 31.9 |
| Bosch Ltd. | 42950 | 126685.7 | 45.7 | 1.2 | 6.3 | 18.7 | 12.8 | 20888.7 | 10.5 | 2773.2 | 37.6 | 940.2 | 37.6 |
| UNO Minda Ltd. | 1285 | 74204.5 | 61.7 | 3.8 | 3.6 | 17.5 | 8.7 | 19692 | 17.2 | 1197.1 | 27 | 20.8 | 16.2 |
| Tube Investments of India Ltd. | 2772 | 53658.2 | 84.3 | -16 | 2.3 | 8.2 | 3 | 23234.6 | 17.1 | 636.8 | -5.5 | 32.9 | -5.3 |
| Exide Industries Ltd. | 490 | 41650 | 44.7 | 4.5 | 2.2 | 6.1 | 4 | 18096.2 | 4.3 | 854.2 | 7.4 | 11 | 9.9 |
Sona BLW Precision INFORMATION ON IPO ISSUE
About Sona BLW Precision
Sona BLW Precision Forgings was incorporated on October 27, 1995. The company is in 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 systems, EV traction motors and motor control units to automotive OEMs across US, Europe, India and China, for both electrified and non-electrified powertrain segments
Object of the Issue
1. Repayment or prepayment of company's borrowings fully or partially.
2. General corporate purposes.
Sona BLW Precision - PROMOTERS
| Name |
|---|
| Sunjay Kapur |
| Sona Autocomp Holdings |
| Singapore VII Topco III |
Sona BLW Precision Book Running Lead Managers
Kotak Mahindra Capital Company Limited
sonacomstar.ipo@kotak.com
Credit Suisse Securities (India) Private Limited
list.sonaipo@creditsuisse.com
JM Financial Limited
sonacomstar.ipo@jmfl.com
J.P. Morgan India Private Limited
SONACOMSTAR_IPO@jpmorgan.co
Nomura Financial Advisory and Securities (India) Private Limited
sonacomstaripo@nomura.com
Sona BLW Precision Registrar to the Offer
KFin Technologies Private Limited
sonacomstar.ipo@kfintech.com
Sona BLW Precision Strengths
Leading manufacturer
The company is one of the leading manufacturers and suppliers to the global EV market.
Diversified product
The company has a large product portfolio
Global presence
Diversified across automotive geographies, vehicle segments, and customers.
Strong R&D
The company has strong research and development capabilities
Financial performance
Consistent financial performance track record
Sona BLW Precision Risks
Audit qualification
The statutory auditors have included an audit qualification in their examination report on restated consolidated financial Information in relation to our erstwhile subsidiary, Sona Holdings B.V., The Netherlands for the year ended March 31, 2020.
Dependent on few customers
The business largely depends upon the company's top ten customers
Competitive Industry
The company faces substantial competition
IPO FAQs
This IPO consists of an offer for sale of up to Rs 5,250.0 crore, of 180,412,371 shares. It also consists of a fresh issue of Rs 300.0 crore.
The promoters of the company are Sunjay Kapur, Sona Autocomp Holdings and Singapore VII Topco III.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.
The price band of the IPO is Rs 285.0 - 291.0.
The IPO application opens on Jun 14, 2021 and closes on Jun 16, 2021.
The minimum lot size for the IPO is 51. The maximum lot size for the IPO is 663.
For all category investors, the minimum application amount for this IPO is Rs. 14,841.0, the maximum value for this IPO is Rs 192,933.0.
This IPO will be allotted on Jun 21, 2021.
The refund will be credited to your account on Jun 22, 2021.
The allotted shares will be credited to your demat on Jun 23, 2021.
Sona BLW Precision Forgings Ltd.’s shares listed on the stock exchanges on Jun 24, 2021.