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
| Particulars | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
| Total Assets (in ₹ millions) | 21,748.30 | 18,506.82 | 16,325.57 |
| Total Revenue (in ₹ millions) | 15,686.41 | 10,437.65 | 7,025.01 |
| Profit After Tax (in ₹ millions) | 2,151.65 | 3,603.43 | 1,731.80 |
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.