IPO Timeline
Application start14-06-2021
Application end
16-06-2021
Allotment begins
21-06-2021
Refund Initiation
22-06-2021
Allotment date
23-06-2021
Listing on exchange
24-06-2021
Registrar information
Company details
Global Automotive player Sona BLW Precision Forgings is set to hit the bourse on June 14 as shrugs off the pandemic impact. The Blackstone-backed automotive components maker boasts of having major OEM players as its customers including Tata Motors, Ashok Leyland, Daimler and Volvo. It derives 75% of its revenue from overseas. Not just customers, but the company also has a well-diversified and strong portfolio of products. The company is a leading player in manufacturing of differential bevel gears, starter motors and battery electric vehicle (BEV) differential assemblies with a market share of 5%, 3% and 8.7% respectively in 2020. The company is ready for the advent of electric vehicles. It has increased its sales to the EV market at a CAGR of 243.6% from ₹17.42 crore in FY19 to ₹205.70 crore in FY21.
Sona BLW Precision Forgings will use the IPO proceeds to repay ₹241 crore, which the company has borrowed as well as for general corporate purposes.
How to Apply
Select the IPO you want to apply for from the list of open issues. Enter your correct UPI ID and select the investor type. The quantity should be a multiple of the lot size. If you wish to apply at the cut-off price, simply click on the checkbox next to ‘Cut-off price’. You will receive an SMS from the NPCI confirming your bid and requesting you to accept the mandate on your UPI app. We have noticed a significant delay in UPI payment SMS/notifications from NPCI. Request you to be patient. Please ignore this message if you’ve accepted the mandate.
How to check your IPO allocation status
Sona BLW Precision Forgings IPO allotment status will be available on or around 21 June 2021. The allotted shares will be credited to the Demat account by 23 June 2021. We will provide you with the link to check the allocation’s status as soon as the registrar makes it live. This may happen after the IPO is closed (after June 16).
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