Sona Comstar IPO Price, Review, GMP, Allotment Lot, Status, Dates

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Sona Comstar IPO

Sona Comstar, a significant Indian auto part manufacturer possessed by PE fund Blackstone Group Inc. It is booked to raise around Rs 6000 crore through an initial public offer (IPO). This will be the greatest posting locally by the Indian auto segments firm. Sona Comstar IPO will hit the market on 14 June 2021.

Sona Comstar IPO

Sona Comstar IPO Details

IPO Opening Date Jun 14, 2021
IPO Closing Date Jun 16, 2021
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹285 to ₹291 per equity share
Market Lot 51 Shares
Min Order Quantity 51 Shares
Listing At BSE, NSE
Issue Size [.] Eq Shares of ₹10
(aggregating up to ₹5,550.00 Cr)
Fresh Issue [.] Eq Shares of ₹10
(aggregating up to ₹300.00 Cr)
Offer for Sale [.] Eq Shares of ₹10
(aggregating up to ₹5,250.00 Cr)

 

Sona Comstar IPO Lot Size

The Sona Comstar IPO market lot size is 51 shares. A retail-individual investor can apply for up to 13 lots (663 shares or ₹192,933).

Application Lots Shares Amount (Cut-off)
Minimum 1 51 ₹14,841
Maximum 13 663 ₹192,933

 

Sona Comstar IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding 67.30%

 

Company Promoters:

Sunjay Kapur, Sona Autocomp Holdings Private Limited and Singapore VII Topco III Pte. Ltd are the company promoters.

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in million)
31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 21,748.30 18,506.82 16,325.57
Total Revenue 15,686.41 10,437.65 7,025.01
Profit After Tax 2,151.65 3,603.43 1,731.80

 

About Sona Comstar

Fused in 1995, Sona BLW Precision Forgings Limited is one of the main automotive technology companies in India. The organization is fundamentally occupied with planning, assembling, and providing excellent crucial automotive parts like differential gatherings, gears, customary and miniature mixture starter engines, and so on.

According to CRISIL Report, it is among the best 10 auto-part manufacturers. In 2020, Sona Comstar was among the main 10 worldwide players for the differential angle gear portion and among the biggest exporters of starter engines in India. The firm supplies its items across the nations like India, the US, Europe, and China. It has 9 assembling and gathering offices across the USA, India (6), China, and Mexico.

Also Check: KIMS IPO

Company Contact Information

Sona BLW Precision Forgings Limited
Sona Enclave Village, Begumpur Khatola
Sector 35, Gurugram – 122004

Phone: +91 0124 476 8200
Email: investor@sonacomstar.com
Websitehttp://www.sonacomstar.com/

How to apply in Sona Comstar IPO through Zerodha?

Zerodha clients can apply online in Sona Comstar IPO utilizing UPI as an installment entryway. Zerodha clients can apply in Sona Comstar IPO by login into Zerodha Console (administrative center) and presenting an IPO application form.

Steps to apply in Sona Comstar IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the ‘Sona Comstar IPO’ row and click the ‘Bid’ button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

How to apply for Sona Comstar IPO via Upstox?

Following are the steps to apply for IPO online using upstox:

  1. Login to your Upstox pro trading website
  2. Go to the IPO section
  3. Select the IPO you wish to apply
  4. Enter your UPI ID
  5. Submit the IPO bid

Initial public offering offers an extraordinary chance to purchase shares of the organization in the beginning phase of its excursion at stock trades. Initial public offering shares normally have an immense interest. Numerous IPO’s get 100+ occasions offered for shares. In India, retail investors have a saved bit in an IPO. A fixed 35% IPO Shares are held for retail investors. This booking builds the opportunity of allotment of IPO shares. Some retail investors utilize this to purchase IPO shares for posting gains just, rather than holding the shares as long as possible.

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