Initial Public Offering

Sona BLW Precision Forgings Limited IPO: All you need to know

Sona BLW Precision Forgings Limited, one of the leading automotive technology companies in India, will hit the market on Tuesday, June 14, 2021, to raise Rs 5,550 crores through an Initial Public Offering (IPO) of its units. The company has set the IPO date as well as the price range at which the shares will be offered for sale. Let’s take a peek at the particulars of the Sona BLW Precision Forgings Limited IPO.

Sona BLW Precision Forgings Limited IPO Date & Price Band

IPO Open:14 June 2021
IPO Close:16 June 2021
Issue Type:Book Built Issue IPO
Issue Size:Approx ₹5550 Crores
Fresh Size:Approx ₹300 Crores
Offer for Sale:Approx ₹3250 Crores
Face Value:₹10 Per Equity Share
Price Band:₹285 – ₹291 Per Equity Share
Listing on:BSE, NSE

Sona BLW Precision Forgings Limited IPO Market Lot

Minimum Lot Size:Minimum 51 Shares
Minimum Amount:₹14,841
Minimum Lot Size:Maximum 663 Shares
Minimum Amount:₹1,92,933

Sona BLW Precision Forgings Limited IPO Allotment & Listing

Basis of Allotment:21 June 2021
Refunds:22 June 2021
Credit to Demat Account:23 June 2021
Listing Date:24 June 2021

Financials of Sona BLW Precision Forgings Limited IPO

Total Assets (in ₹ millions)21,748.3018,506.8216,325.57
Total Revenue (in ₹ millions)15,686.4110,437.657,025.01
Profit After Tax (in ₹ millions)2,151.653,603.431,731.80

About Sona BLW Precision Forgings Limited

Sona BLW Precision Forgings Limited, founded in 1995, is one of India’s premier automotive technology businesses. The company’s main business is designing, manufacturing, and supplying high-quality mission-critical automotive components such as differential assemblies, gears, traditional and micro-hybrid starter motors, and so on.

It is one of the top ten auto-component makers, according to the CRISIL Report. Sona Comstar was one of the top 10 global differential bevel gear players in 2020, as well as one of India’s leading starter motor exporters. The company sells its products in India, the United States, Europe, and China. It operates nine production and assembly plants in the United States, India (6), China, and Mexico.

Objective of the Issue:

The company plans to use the funds from the IPO for the following purposes:

  • Full or partial repayment or prepayment of a company’s debts.
  • To fulfil general corporate objectives.

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