InvestorQ : What are the details of Sona BLW Precision Forgings Limited IPO?
Dilmini Mercia made post
IPO

What are the details of Sona BLW Precision Forgings Limited IPO?

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Dhwani Mehta answered.
2 weeks ago
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The company was incorporated in 1995 and is one of the leading automotive technology companies in India. It is mainly engaged in designing, manufacturing, and supplying high-quality automotive components such as gears, assemblies, micro-hybrid and conventional starter motors, etc. CRISIL has rated it among the top 10 auto-component manufacturers.

The firm supplies its products across countries such as the US, Europe, China, and India. It has a total of 9 manufacturing and assembly facilities across these countries, out of which 6 are in India.

IPO Insights:

IPO Opening DateJune 14, 2021
IPO Closing DateJune 16, 2021
IPO PriceRs 285 to Rs 291
Market Lot/ Minimum order quantity51 shares
Issue Size5,550 crores
Fresh Issue300 crores
Offer for Sale5,250 crores

Strengths:
  • Large product portfolio
  • Among top manufacturers and suppliers to the global EV market.
  • Strong research and development capabilities.
  • Financial performance and track record are consistent.
  • Diversification in vehicle segments, customers, and automotive geographies.
Financials:
  • It has a Net Profit After Tax of Rs 1,554.69
  • Total Assets of 21,120.42, and
  • Total Revenue of 10,296.28, as of 31-Dec-20.
Objectives:
  • General Corporate purposes
  • Partial or full repayment of the company‚Äôs borrowings.

The investment in its IPO could be beneficial in the long term as the company has huge growth potential. You could also invest to make a profit from listing gains.

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