Sona BLW Precision Forgings IPO
Sona BLW Precision Forgings Limited is coming out with a fresh public issue to raise ₹ 5,550 crores from the market.
Sona BLW Precision Forgings IPO Details
Here are some more details regarding the issue
|Issue opens||:||June 14 2021 (Monday)|
|Issue closes||:||June 16 2021 (Wednesday)|
|Price band||:||₹ 285 – 291 per equity share|
|Bid lot||:||51 shares and in multiples thereof|
|Issue Size||:||₹ 5,550 crores|
|Issue Break-up||:||QIB – 75% of the offer – ₹ 4162 crores|
NIB – 15% of the offer – ₹ 833 crores
RET – 10% of the offer – ₹ 555 crores
|Listing||:||NSE and BSE|
|Registrar||:||KFin Technologies Private Limited|
Sona BLW is one of India’s leading automotive technology companies, designing, manufacturing and supplying highly engineered, mission-critical automotive systems and components such as differential assemblies, differential gears, conventional and micro-hybrid starter motors, BSG systems, EV traction motors (BLDC and PMSM) and motor control units to automotive OEMs across US, Europe, India and China, for both electrified and non-electrified powertrain segments.
The company was among the top 10 players globally in the differential bevel gear market. It is also expected to be among the top 10 global starter motor suppliers based on its exposure to the PV segment in the calendar year 2020, according to the Ricardo Report.
The company has nine manufacturing and assembly facilities across India, China, Mexico and USA, of which six are located in India, from where they supply its products to six out of the top 10 global PV OEMs, three out of the top 10 global CV OEMs and seven out of the top eight global tractor OEMs by volume, according to the Ricardo Report.
The company is a global supplier and it derived 75.4% of its income from the sale of goods with end-use in the overseas markets, including 40.2% in North America, 25.3% in Europe and 5.3% in China. 24.6% of its income was derived from sale of goods with end-use in India, for the nine months ended Dec 31, 2020. It is also one of the two largest exporters of starter motors from India, according to the Ricardo Report.
Sona BLW is a technology- and innovation-driven company. With a strong focus on Research and Development, the company develops mechanical and electrical hardware systems, components as well as base and application software solutions to meet the evolving demands of its customers.