All you need to know about Sona Comstar IPO

NEW DELHI: The initial public offer (IPO) of Sona BLW Precision Forgings (Sona Comstar) will hit Dalal Street on Monday. The auto element producer is trying to increase about Rs 5,550 crore from the first market.

The situation contains recent issuance of fairness shares, aggregating up to Rs 300 crore, and a proposal on the market of shares price up to Rs 5,250 crore.

The firm is trying to utilise the proceeds from the recent situation to repay/prepay roughly Rs 241.12 crore of its recognized borrowings, and for different normal company functions.

Here are key issues to know about the Sona Comstar IPO:

  1. When will the Sona Comstar IPO open for subscription?
    The situation will open for subscription on Monday, June 14, and shut on Wednesday, June 16.
  2. What is the worth band for Sona Comstar IPO?
    The worth band for the IPO has been fastened at Rs 285-291 apiece.
  3. What is the lot measurement for the Sona Comstar IPO?
    Investors can subscribe to the IPO by bidding for no less than 51 shares, and in multiples thereof. A single lot is price Rs 14,841 on the higher vary of the worth band. Retail buyers can bid for a most of 14 tons.
  4. What is the problem measurement of the Sona Comstar IPO?
    The situation contains recent issuance of shares aggregating up to Rs 300 crore and a proposal on the market of up to Rs 5,250 crore by present shareholder Singapore VII Topco III Pte. Ltd.
  5. What is the quota reserved for retail buyers within the Soma Comstar IPO?
    The quota for retail buyers is fastened at 10 per cent of the online provide. The QIB quota is fastened at 75 per cent and 15 per cent of the provide is reserved for NIIs.
  6. When will the premise of allotment be finalised for the Sona Comstar IPO?
    The finalisation of the premise of allotment is probably going by June 21 and the initialisation of refunds by June 22. Meanwhile, shares will probably be credited to demat accounts by June 23.
  7. When will Sona Comstar shares record on bourses?
    The itemizing is probably going by June 24.
  8. Where can one examine the allotment standing?
    Those who would bid for the IPO can examine the subscription standing on the web portal of KFintech Private, the registrar to the problem.
  9. Which are the main e book managers to the problem?
    Kotak Mahindra Capital Company, Credit Suisse Securities (India), JM Financial, J.P. Morgan India and Nomura Financial Advisory and Securities (India) are the e book working lead managers.
  10. What does Sona BLW Precision Forgings do?
    Sona BLW Precision Forgings is one in all India’s main automotive expertise firms. It designs, manufactures and provides extremely engineered, mission-critical automotive methods, and elements equivalent to differential assemblies, differential gears, typical and micro-hybrid starter motors, BSG methods, EV traction motors (BLDC and PMSM) and motor management items. It provides these merchandise to automotive OEMs throughout the US, Europe, India and China, for each electrified and non-electrified powertrain segments.
  11. What are key income segments for Sona BLW Precision Forgings?
    The firm is a number one provider to the fast-growing world electrical automobile markets. It derived 13.8per cent of income from the battery EV market and 26.7 per cent from the micro hybrid/hybrid market in FY21. Its world market share of BEV differential assemblies in Calendar 2020 was 8.7 per cent.
  12. Which are the listed friends of Sona Comstar?
    Some of the listed friends of the corporate are Motherson Sumi Systems, Sundaram Clayton, Varroc Engineering, Bosch, Bharat Forge, Endurance Technologies and Minda Industries.

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