Sona BLW Precision Forgings Ltd IPO: Check IPO Details, Date, Price | Espresso


Sona BLW Precision Forgings Limited IPO – June 14 to 16

June 11, 2021
Sona BLW Precision Forgings Limited IPO – June 14 to 16

Sona BLW Precision Forgings Limited is coming out with a fresh public issue to raise Rs 5,550 crores from the market.

Key details of the issue:

  • Issue opens – June 14 (Monday)
  • Issue closes – June 16 (Wednesday)
  • Issue size – Rs 5,550 crores
  • Price band – Rs 285 to 291 per equity share
  • Bid lot – 51 shares and in multiples thereof

And here are some details of the company and further details on the Sona BLW Precision Forgings Limited issue.

Company details:

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.

Also Read: Know about Pre-IPO investing

Issue size:

Rs 5,550 crores

Issue break-up:

  • QIB – 75% of the offer – Rs 4162 crores

  • NIB – 15% of the offer – Rs 833 crores

  • RET – 10% of the offer – Rs 555 crores




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