Sona BLW Precision Forgings Limited IPO (Sona Comstar) IPO
Blackstone-backed Sona Comstar readies to launch a Rs 6000 crore IPO. The company has filed papers with SEBI regarding the same. The issue size will comprise fresh equity shares worth Rs 300 crores and offer for sale shares aggregating up to Rs 5700 crore. Sona Constar operates in the auto component segment. When launched, the IPO will be the largest in the industry.
Sona Comstar IPO
Sona BLW Precision Forgings Limited IPO (Sona Comstar)
IPO Date : 14th June 2021 - 16th June 2021
₹20/- For Intraday, F&O, Currencies & Commodities
Sona Comstar Information
Sona BLW Precision Forgings Limited (Sona Comstar) largely manufactures precision-forged gears and has OEM customers like Renault Nissan, Volvo, Ashok Leyland, Mahindra Electric, Escorts, and Mahindra & Mahindra. About 25% of its production is exported to the United States and the European Union, leading to an improved reach.
Competitive strength
- Diverse product portfolio across different areas
- Strong and consistent financial performance
- Leading manufacturer in the automotive sector
- Large reach of products across continents
- 9 assembly and manufacturing facilities across 4 countries
- Strong Research and Development resources
Sona Comstar Information
| IPO Opens | June 14, 2021 |
| IPO Closes | June 16, 2021 |
| Basis of Allotment Date | June 21, 2021 |
| Refund Initiation | June 22, 2021 |
| Credit of Shares to Demat Account | June 23, 2021 |
| IPO Listing Date | June 24, 2021 |
Sona BLW Precision Forgings Limited IPO (Sona Comstar) IPO Latest News & Subscription Status Today [Live]
At 05:00 p.m
- This IPO has been subscribed 2.28x by 5:00 p.m. on Day 2
- It is a public issue of 107,105,262 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 3.46x
- (NII) Non-institutional buyers: 0.39x
- (RII) Retail Individual buyers: 1.58x
How to apply for Sona BLW Precision Forgings Limited IPO (Sona Comstar) :
1. Applying for the Sona BLW Precision Forgings Limited IPO (Sona Comstar) can be done through the UPI method. You can link your bank account to a UPI handle.
2. If you are new to investing, you can open a free DEMAT Account with Angel One and start your investment journey to build wealth and gain financial freedom in the long run.
In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date as mentioned in the above table. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.
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