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All you’ll want to find out about Sona Comstar IPO

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

The difficulty contains contemporary issuance of fairness shares, aggregating as much as Rs 300 crore, and a proposal on the market of shares value as much as Rs 5,250 crore.

The corporate is seeking to utilise the proceeds from the contemporary problem to repay/prepay roughly Rs 241.12 crore of its recognized borrowings, and for different basic company functions.

Listed below are key issues to know in regards to the Sona Comstar IPO:

  1. When will the Sona Comstar IPO open for subscription?
    The difficulty will open for subscription on Monday, June 14, and shut on Wednesday, June 16.
  2. What’s the value band for Sona Comstar IPO?
    The worth band for the IPO has been mounted at Rs 285-291 apiece.
  3. What’s the lot dimension for the Sona Comstar IPO?
    Buyers can subscribe to the IPO by bidding for no less than 51 shares, and in multiples thereof. A single lot is value Rs 14,841 on the higher vary of the worth band. Retail buyers can bid for a most of 14 heaps.
  4. What’s the problem dimension of the Sona Comstar IPO?
    The difficulty contains contemporary issuance of shares aggregating as much as Rs 300 crore and a proposal on the market of as much as Rs 5,250 crore by current shareholder Singapore VII Topco III Pte. Ltd.
  5. What’s the quota reserved for retail buyers within the Soma Comstar IPO?
    The quota for retail buyers is mounted at 10 per cent of the online provide. The QIB quota is mounted 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. In the meantime, shares will seemingly be credited to demat accounts by June 23.
  7. When will Sona Comstar shares listing on bourses?
    The itemizing is probably going by June 24.
  8. The place can one test the allotment standing?
    Those that would bid for the IPO can test the subscription standing on the web portal of KFintech Personal, the registrar to the difficulty.
  9. That are the main ebook managers to the difficulty?
    Kotak Mahindra Capital Firm, Credit score Suisse Securities (India), JM Monetary, J.P. Morgan India and Nomura Monetary Advisory and Securities (India) are the ebook operating lead managers.
  10. What does Sona BLW Precision Forgings do?
    Sona BLW Precision Forgings is one among India’s main automotive know-how corporations. It designs, manufactures and provides extremely engineered, mission-critical automotive techniques, and parts corresponding to differential assemblies, differential gears, standard and micro-hybrid starter motors, BSG techniques, 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 corporate is a number one provider to the fast-growing international 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 international market share of BEV differential assemblies in Calendar 2020 was 8.7 per cent.
  12. That are the listed friends of Sona Comstar?
    Among the listed friends of the corporate are Motherson Sumi Programs, Sundaram Clayton, Varroc Engineering, Bosch, Bharat Forge, Endurance Applied sciences and Minda Industries.

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