Sona BLW Precision Forgings IPO date, price, issue size, bid lot and more—Know all KEY DETAILS here
Sona BLW Precision Forgings ia an Offer of Equity Shares aggregating up to Rs 5550 Cr (Fresh Issue of Equity shares aggregating upto Rs 300 Cr and Offer for sale of Equity shares aggregating up to Rs 5250 Cr). The Face value of Sona BLW Precision Forgings is 10. Sona BLW Precision Forgings Price band is Rs 285 – 291. Sona BLW Precision Forgings Bid Lot is of 51 Shares and in multiple thereof. Sona BLW Precision Forgings Post Issue Implied Market Cap will be Rs 16630 cr – Rs 16974 cr
Sona BLW Precision Forgings ia an Offer of Equity Shares aggregating up to Rs 5550 Cr (Fresh Issue of Equity shares aggregating upto Rs 300 Cr and Offer for sale of Equity shares aggregating up to Rs 5250 Cr). The Face value of Sona BLW Precision Forgings is 10. Sona BLW Precision Forgings Price band is Rs 285 – 291. Sona BLW Precision Forgings Bid Lot is of 51 Shares and in multiple thereof. Sona BLW Precision Forgings Post Issue Implied Market Cap will be Rs 16630 cr – Rs 16974 cr. Book Running Lead Managers are Kotak Mahindra Capital, Credit Suisse Securities, JM Financial, JP Morgan, Nomura Financial and Registrar is KFin Technologies. Issue opens on Monday, 14th Jun’2021 and closes on Wednesday, 16h Jun’20
Sona BLW Precision Forgings Company Background:
Sona BLW Precision Forgings was incorporated in 1995 as Sona Okegawa Precision Forgings Limited at New Delhi. In 2013, the company was renamed Sona BLW Precision Forgings Limited. Sona is among India’s leading automotive technology companies. It is involved in the 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 has nine manufacturing and assembly facilities across India, China, Mexico and USA, of which six are located in India.
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Sona BLW Precision Forgings is among the top 10 players globally in the differential bevel gear market. They are also among the top 10 global starter motor suppliers based on their exposure to the PV segment in calendar year 2020. They are gaining global market share across products to reach a share of approximately 5% for differential bevel gears, 3% for starter motors and 8.7% for Battery electric vehicle (“BEV”) differential assemblies, in calendar year 2020.
Sona BLW Precision Forgings has 9 manufacturing and assembly facilities across India, China, Mexico and USA, of which 6 are located in India and they have 8 warehouses, of which, 5 are located in India and 3 across USA, Germany, and Belgium
Sona BLW Precision Forgings global OEM customer portfolio includes a Global OEM of EVs, a North American OEM of PVs and CVs, Ampere Vehicles, an Indian OEM of PVs, CVs and EVs, Ashok Leyland, CNH, Daimler, Escorts, Escorts Kubota, Geely, Jaguar Land Rover, John Deere, Mahindra and Mahindra, Mahindra Electric, Maruti Suzuki, Renault Nissan, Revolt Intellicorp, TAFE, Volvo Cars and Volvo Eicher. They also serve selected leading Tier 1 automotive system suppliers such as Carraro, Dana, Jing-Jin Electric, Linamar and Maschio.
Sona BLW Precision Forgings Investment Rationale:
Sona BLW Precision Forgings is one of the leading manufacturers and suppliers to global EV markets SBPF has been supplying differential gears in the global EV market since April 2016 and differential assemblies since 2018, and according to the Ricardo Report, its global market shares of BEV differential assemblies in calendar year 2020 was 8.7
Sona BLW Precision Forgings Financial highlights:
Sona BLW Precision Forgings has strong operational performance in the last 3-4 years, which includes acquisition of Comstar Entities, pursuant to which Comstar Entities became subsidiaries of SBPF with effect from July 5, 2019. The company’s net profit from continuing operations grew at 46.6% CAGR from FY19-21, aided 49.7% revenue CAGR, partially mitigated by a 40 bps decline in operating profit margin at 28.2% in FY21 as compared to 28.6% in FY19.
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