Sona BLW Precision Forgings Limited
IPO Details
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Company Fin.
₹3(1.03%)
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Sona BLW Precision Forgings Limited's has transitioned to a publicly listed entity following its IPO debut on Jun 24, 2021 at the NSE, BSE exchange. The public offering successfully raised 19,07,21,649 Shares, consisting of 1,03,09,278 Sharesin new capital and ₹5250.00 Cr in existing shareholder sales.
The IPO featured a competitive price range of ₹285 to ₹291 and minimum application size of 51 shares. Market reception was evidenced through subscription activity between Jun 14, 2021 and Jun 16, 2021, reflecting investor appetite for the offering.
Allotment of shares was completed on Jun 21, 2021, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 1995, Sona BLW Precision Forgings Limited is a leading automotive technology company in India that designs, manufactures, and supplies critical auto components such as differential assemblies, gears, and starter motors. According to a CRISIL report, the company is among the top 10 auto-component manufacturers, and in 2020, it ranked among the top global players in the differential bevel gear segment and was one of India’s largest exporters of starter motors. Sona Comstar serves customers across India, the US, Europe, and China, and operates nine manufacturing and assembly facilities located in India, the USA, China, and Mexico.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Leading EV Supplier: One of the top manufacturers and suppliers to the global EV market.
- Large Product Range: Offers a wide and diverse portfolio.
- Diversified Presence: Spread across geographies, vehicle segments, and customers.
- Strong R&D: Robust research and development capabilities.
- Consistent Financials: Proven track record of stable financial performance.
NA
- Sunjay Kapur
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