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Sona BLW Precision Forgings gains on completing acquisition of 54% share capital and voting rights in Novelic Sona BLW Precision Forgings is currently trading at Rs. 590.35, up by 7.30 points or 1.25% from its previous closing of Rs. 583.05 on the BSE. The scrip opened at Rs. 590.00 and has touched a high and low of Rs. 593.65 and Rs. 586.20 respectively. So far 6543 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 626.00 on 23-Aug-2023 and a 52 week low of Rs. 397.35 on 26-Dec-2022. Last one week high and low of the sc...
Sona BLW Precision Forgings gains on completing acquisition of 54% share capital and voting rights in Novelic
Sona BLW Precision Forgings gains on completing acquisition of 54% share capital and voting rights in Novelic
Source: Accord Fintech
5/09/2023 10:56:37 AM
Add Sona BLW Precision Forgings Ltd For Target Rs. 654 - Motilal Oswal Financial Services Ltd Valuation and View Sona BLW (SONACOMS) 1QFY24 results were better as while revenues were in-line, EBITDA/Adj PAT exceeded our/street estimates by 5-7%. EBITDA margins came in better at 27.7% (8 quarter high, est 26%, +80bp QoQ). This was led by favorable product mix as RM remained stable QoQ. On the positive side, the key highlight of the quarter was the new order wins in differential assembly for, 1) class 5 eCV (from new North American customer worth Rs4.05b with SOP by 4QFY25) and 2) Gl...
Add Sona BLW Precision Forgings Ltd For Target Rs. 654 - Motilal Oswal Financial Services Ltd
Add Sona BLW Precision Forgings Ltd For Target Rs. 654 - Motilal Oswal Financial Services Ltd
Source: Yes Securities Ltd
5/08/2023 9:20:06 AM
Add Sona BLW Precision Forgings Ltd For Target Rs.654 - Yes Securities Ltd Valuation and View Sona BLW (SONACOMS) 1QFY24 results were better as while revenues were in-line, EBITDA/Adj PAT exceeded our/street estimates by 5-7%. EBITDA margins came in better at 27.7% (8 quarter high, est 26%, +80bp QoQ). This was led by favorable product mix as RM remained stable QoQ. On the positive side, the key highlight of the quarter was the new order wins in differential assembly for, 1) class 5 eCV (from new North American customer worth Rs4.05b with SOP by 4QFY25) and 2) Gl...
Add Sona BLW Precision Forgings Ltd For Target Rs.654 - Yes Securities Ltd
Add Sona BLW Precision Forgings Ltd For Target Rs.654 - Yes Securities Ltd
Source: Yes Securities Ltd
1/08/2023 3:31:55 PM
Neutral Sona BLW Precision Forgings Ltd For Target Rs. 600 - Motilal Oswal Financial Services Ltd Strong growth in ICE segment | EU recovers strongly, Asia declines * SONACOMS’ 1QFY24 operating performance was in line. Its revenue/ EBITDA grew 24%/43% YoY. The company has won a new order worth INR13b in 1QFY24 (total order book was at INR220b) and salience of EV in order book has risen to 78%. Conventional start-motor is now just 11% of revenue. * We raise our FY24E/25E EPS by ~4%/2.5% to factor in a healthy order book execution and higher margins. Maintain Neutral with a TP o...
Neutral Sona BLW Precision Forgings Ltd For Target Rs. 600 - Motilal Oswal Financial Services Ltd
Neutral Sona BLW Precision Forgings Ltd For Target Rs. 600 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
1/08/2023 2:33:32 PM
Sona BLW Precision Forging to invest Rs 99.7 crore to expand Chennai plant Automotive component maker Sona BLW Precision Forgings Ltd ((Sona Comstar) will expand its plant capacity here at an investment of about Rs 99.7 crore. According to the company, the Chennai plant capacity will be increased to 600,000 electric vehicle (EV) traction motors (100,000 units each of hub and drive motors) from 400,000 units (hub motor 300,000 units, drive motor 100,000 units). The company will also set up a new capacity of 500,000 units of printed circuit board assembly by fis...
Sona BLW Precision Forging to invest Rs 99.7 crore to expand Chennai plant
Sona BLW Precision Forging to invest Rs 99.7 crore to expand Chennai plant
Source: IANS
28/07/2023 10:43:50 AM
Sona BLW Precision Forgings climbs on achieving production milestone of 5 million differential assemblies Sona BLW Precision Forgings is currently trading at Rs. 537.25, up by 13.45 points or 2.57% from its previous closing of Rs. 523.80 on the BSE. The scrip opened at Rs. 528.00 and has touched a high and low of Rs. 540.05 and Rs. 524.00 respectively. So far 85068 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 607.65 on 04-Aug-2022 and a 52 week low of Rs. 397.35 on 26-Dec-2022. Last one week high and low of the ...
Sona BLW Precision Forgings climbs on achieving production milestone of 5 million differential assemblies
Sona BLW Precision Forgings climbs on achieving production milestone of 5 million differential assemblies
Source: Accord Fintech
7/07/2023 3:47:26 PM
Sona BLW Precision gains on incorporating wholly owned subsidiary in Mexico Sona BLW Precision Forgings is currently trading at Rs. 520.15, up by 1.15 points or 0.22% from its previous closing of Rs. 519.00 on the BSE. The scrip opened at Rs. 519.05 and has touched a high and low of Rs. 529.65 and Rs. 518.85 respectively. So far 23977 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 607.65 on 04-Aug-2022 and a 52 week low of Rs. 397.35 on 26-Dec-2022. Last one week high and low of the s...
Sona BLW Precision gains on incorporating wholly owned subsidiary in Mexico
Sona BLW Precision gains on incorporating wholly owned subsidiary in Mexico
Source: Accord Fintech
28/06/2023 2:06:25 PM
Buy Sona BLW Precision Forgings Ltd For Target Rs.624 - Yes Securities Ltd Sona BLW Precision Forgings (Sona) is a multi-product, multi geography auto ancillary company which is into manufacturing products like differential gears (32% of revenue), differential assemblies (23%), starter motors for hybrids and ICE (21% and 15%, respectively), traction motors for two-wheeler electric vehicles (4%) and others (5%). Exports account for 71%, with the U.S. and Europe being the largest markets (43% and 20% of total exports, respectively). Strong margin profile, high and inc...
Buy Sona BLW Precision Forgings Ltd For Target Rs.624 - Yes Securities Ltd
Buy Sona BLW Precision Forgings Ltd For Target Rs.624 - Yes Securities Ltd
Source: LKP Securities Ltd
26/06/2023 1:21:21 PM
Sona BLW Precision Forgings gains on signing technology licensing agreement with Equipmake Sona BLW Precision Forgings is currently trading at Rs. 550.55, up by 3.75 points or 0.69% from its previous closing of Rs. 546.80 on the BSE. The scrip opened at Rs. 554.95 and has touched a high and low of Rs. 554.95 and Rs. 548.60 respectively. So far 6122 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 608.70 on 16-Jun-2022 and a 52 week low of Rs. 397.35 on 26-Dec-2022. Last one week high and low of the sc...
Sona BLW Precision Forgings gains on signing technology licensing agreement with Equipmake
Sona BLW Precision Forgings gains on signing technology licensing agreement with Equipmake
Source: Accord Fintech
16/05/2023 9:56:15 AM
Buy Sona BLW Precision Forgings Ltd For Target Rs.581 - Yes Securities Ltd Valuation and View Sona BLW (SONACOMS) 4QFY23 results were better as revenue/EBITDA/Adj PAT exceeded our/street estimates by 4.9%/8.6%/12.2% and 4%/7%/16.5% respectively. EBITDA margins came in better at 26.9% (est 26%). This was largely led by better revenue execution as well as cost control as anticipated decline in RM doesn’t materialize as gross margins contracted ~90bp QoQ at 54.2%. On the positive side, the key highlight of the quarter was the new order win to supply, final dri...
Buy Sona BLW Precision Forgings Ltd For Target Rs.581 - Yes Securities Ltd
Buy Sona BLW Precision Forgings Ltd For Target Rs.581 - Yes Securities Ltd
Source: Yes Securities Ltd
6/05/2023 10:54:18 AM
Neutral Sona BLW Precision Forgings Ltd For Target Rs.465 - Motilal Oswal Financial Services Ltd Won new orders for Electric Class-4 trucks worth INR5b * 4QFY23 revenue/EBITDA/PAT beat our estimates, driven by a healthy execution of the order book. EBITDA margin was in line at 27.1% (-10bp QoQ). The company has won a new order worth INR5b from a North America-based new-age OEM for their electric Class-4 trucks with SOP from 4QFY24. As a result, the order book stands at INR215b (~77% EVs). * We increase our FY24E/25E EPS by ~4.5%/6.4% to factor in a healthy order book execution, a r...
Neutral Sona BLW Precision Forgings Ltd For Target Rs.465 - Motilal Oswal Financial Services Ltd
Neutral Sona BLW Precision Forgings Ltd For Target Rs.465 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
4/05/2023 2:08:16 PM
Buy Sona BLW Precision Forgings Ltd For Target Rs.665 - JM Financial Institutional Securities Business as usual post PE exit; Well placed to ride electrification wave We recently interacted with management of Sona BLW Precision Forgings (Sona Comstar) to gauge the business environment and concerns on management continuity post Blackstone’s exit. Key managerial personnel have been with the company for many years and have played instrumental role in building the company. Growth prospects remain robust and given the depth of the management team, we do not foresee risk in company...
Buy Sona BLW Precision Forgings Ltd For Target Rs.665 - JM Financial Institutional Securities
Buy Sona BLW Precision Forgings Ltd For Target Rs.665 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
11/04/2023 11:50:29 AM
Sona BLW Precision Forgings zooms after Blackstone divests 20.50% stake in the company Sona BLW Precision Forgings is currently trading at Rs. 429.75, up by 23.95 points or 5.90% from its previous closing of Rs. 405.80 on the BSE. The scrip opened at Rs. 415.10 and has touched a high and low of Rs. 436.25 and Rs. 410.15 respectively. So far 250853 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 706.75 on 21-Mar-2022 and a 52 week low of Rs. 397.35 on 26-Dec-2022. Last one week high and low of the...
Sona BLW Precision Forgings zooms after Blackstone divests 20.50% stake in the company
Sona BLW Precision Forgings zooms after Blackstone divests 20.50% stake in the company
Source: Accord Fintech
14/03/2023 3:56:36 PM
Sona BLW Precision Forgings soars on signing agreement to acquire 54% stake in NOVELIC Sona BLW Precision Forgings is currently trading at Rs. 437.05, up by 14.55 points or 3.44% from its previous closing of Rs. 422.50 on the BSE. The scrip opened at Rs. 446.00 and has touched a high and low of Rs. 447.55 and Rs. 431.55 respectively. So far 65269 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 795.00 on 17-Jan-2022 and a 52 week low of Rs. 397.35 on 26-Dec-2022. Last one week high and low of the ...
Sona BLW Precision Forgings soars on signing agreement to acquire 54% stake in NOVELIC
Sona BLW Precision Forgings soars on signing agreement to acquire 54% stake in NOVELIC
Source: Accord Fintech
10/01/2023 9:49:47 AM
Buy Sona BLW Precision Forgings Ltd For Target Rs.634 - Anand Rathi Shares and Stock Brokers * Sona BLW Precision Forgings Limited reported consolidated revenue of ? 6,573.9 million, a growth of 12.2% YoY. The BEV segment revenue grew 6% YoY while Non-BEV Revenue recorded saw a strong growth of 14% YoY. During the quarter the company saw ramp up of some new programs which were launched last year which contributed to revenue growth. * The company reported EBITDA of ? 1,657.2 million in 2QFY23 as against ? 1,544.1 million in 2QFY22, a growth of 7.3% YoY. EBITDA Margins for 2QFY23 st...
Buy Sona BLW Precision Forgings Ltd For Target Rs.634 - Anand Rathi Shares and Stock Brokers
Buy Sona BLW Precision Forgings Ltd For Target Rs.634 - Anand Rathi Shares and Stock Brokers
Source: Anand Rathi Shares and Stock Brokers Ltd
8/12/2022 11:57:04 AM
Buy Sona BLW Precision Forgings Ltd For Target Rs.610 - Yes Securities Results exceed expectations; comments mixed Valuation and View   Sona BLW 2QFY23 results were better Revenue/EBITDA/Adj PAT came in better by 5.4%/6.7%/14% while margins came in above estimates at 24.7% (est 24.4%). This was largely led by decline in RM inflation. The key highlight of the quarter was the launch of net spiral gears which it will start supply to global farm OEM and later to PV OEMs. It has also added 1 new EV program (from existing customer in India) for high m...
Buy Sona BLW Precision Forgings Ltd For Target Rs.610 - Yes Securities
Buy Sona BLW Precision Forgings Ltd For Target Rs.610 - Yes Securities
Source: Yes Securities Ltd
31/10/2022 11:19:54 AM
Diwali Fundamental Muhurat Picks By Angel One Federal Bank * Federal bank is one of India's largest old generation private sector banks. At the end of Q2 FY2023 the bank had advances of Rs. 1.61 lakh cr. And deposits of Rs 1.89 lakh cr. The bank predominantly has a secured lending book which helped limit asset quality issues during the Covid 19 pandemic. * Federal Bank has posted a good set of numbers for Q2FY23 as NII, and Advances increased by 19.1%/19.9% YoY. Provisioning for the quarter was up by mere 9% YoY because of whic...
Diwali Fundamental Muhurat Picks By Angel One
Diwali Fundamental Muhurat Picks By Angel One
Source: Angel One Ltd
22/10/2022 2:06:16 PM
Neutral SONA BLW Precision Forging Ltd For Target Rs.610 - Motilal Oswal Inline; reasonable performance in a challenging quarter Traction on EVs on track with a revenue/order book of 29%/67% * Operating performance in 1QFY23 was in line, as revenue growth was restricted by weakness in the EU and China, whereas margin was impacted by cost inflation. Ramp-up in the EV segment continues strongly, with the contribution to revenue/order book at 29%/67% in 1QFY23, which is supported by new order wins, including traction motor order wins from mainstream 2W OEMs. Ne...
Neutral SONA BLW Precision Forging Ltd For Target Rs.610 - Motilal Oswal
Neutral SONA BLW Precision Forging Ltd For Target Rs.610 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
8/09/2022 3:21:15 PM
Sona BLW Precision Forgings achieves 1 lakh EV traction motor production milestone Sona BLW Precision Forgings has achieved the 100,000 EV traction motor production milestone. The company's R&D team designed and developed the EV traction motors in-house and launched them for production in 2020. The company started production of these indigenous traction motors at its Chennai plant in November 2020
Sona BLW Precision Forgings achieves 1 lakh EV traction motor production milestone
Sona BLW Precision Forgings achieves 1 lakh EV traction motor production milestone
Source: Dion Global Services Ltd.
8/09/2022 11:46:11 AM
Sona BLW Precision Q1 net profit up 12.36% at Rs 65.62 cr The company reported standalone net profit of Rs 65.62 crore for the quarter ended June 30, 2022 as compared to Rs 58.40 crore in the same period last year, registering a year-on-year growth of 12.36 per cent. Net revenue of the company rose triple digit by 103.99 per cent at Rs 538.54 crore in April-June quarter of this fiscal as against Rs 264.00 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 131.96 per cent to Rs 411.66 crore from Rs...
Sona BLW Precision Q1 net profit up 12.36% at Rs 65.62 cr
Sona BLW Precision Q1 net profit up 12.36% at Rs 65.62 cr
Source: Dion Global Solutions Ltd
28/07/2022 5:29:40 PM
Buy SONA BLW Precision Forging Ltd For Target Rs.750 - JM Financial Institutional Securities Compelling play on EVs with strong growth visibility; Re-iterate BUY Sona BLW Precision Forgings (Sona Comstar) remains of the key beneficiaries of rising global electrification phenomena. Receding supply constraints (from 2HFY23) coupled with strong net order book of INR186bn (as on Mar’22) will start reflecting true growth potential for the company. Though margins in the near-term will likely be affected by RM cost pressures, we expect margins to improve in 2HFY23 post gradual corr...
Buy SONA BLW Precision Forging Ltd For Target Rs.750 - JM Financial Institutional Securities
Buy SONA BLW Precision Forging Ltd For Target Rs.750 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
17/06/2022 12:21:05 PM
Buy SONA BLW Precision Forging Ltd For Target Rs.726 - ICICI Securities Beneficiary of global automotive electrification We initiate coverage on Sona BLW Precision Forgings (SONA) with a BUY rating and target price of Rs726 based on DCF, implying a multiple of 50x FY24E earnings. We believe the premium implied in the earnings multiple in our target valuation reflects the visibility on growth and profitability of SONA other than its capability to address emerging opportunities in the EV space and adding to the product portfolio. We like the following aspects of...
Buy SONA BLW Precision Forging Ltd For Target Rs.726 - ICICI Securities
Buy SONA BLW Precision Forging Ltd For Target Rs.726 - ICICI Securities
Source: ICICI Securities Ltd
9/06/2022 12:27:58 PM
Neutral SONA BLW Precision Forging Ltd For Target Rs.640 - Motilal Oswal Good performance in a challenging quarter! EV segment ramp up in fifth gear! SONA’s 4QFY22 operating performance was slightly above estimates led by better-than-estimated topline. Ramp-up in the EV segment continued strongly, with its contribution to revenue/order book at 29%/ 62% in 4QFY22, respectively, supported by new order wins. Near-term challenges on chip shortage, risks from China lockdowns and commodity prices will keep margins under check despite expected strong revenue ...
Neutral SONA BLW Precision Forging Ltd For Target Rs.640 - Motilal Oswal
Neutral SONA BLW Precision Forging Ltd For Target Rs.640 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
6/05/2022 12:50:43 PM
Sona BLW Precision Forgings surges on partnering with C-Motive Technologies Sona BLW Precision Forgings is currently trading at Rs. 617.80, up by 6.20 points or 1.01% from its previous closing of Rs. 611.60 on the BSE. The scrip opened at Rs. 619.00 and has touched a high and low of Rs. 628.50 and Rs. 611.55 respectively. So far 15397 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 839.15 on 14-Dec-2021 and a 52 week low of Rs. 295.15 on 24-Jun-2021. Last one week high and low of the s...
Sona BLW Precision Forgings surges on partnering with C-Motive Technologies
Sona BLW Precision Forgings surges on partnering with C-Motive Technologies
Source: Accord Fintech
5/05/2022 10:18:43 AM
Sona BLW Precision Forgings trades jubilantly on collaborating with NASSCOM Sona BLW Precision Forgings is currently trading at Rs. 714.25, up by 60.50 points or 9.25% from its previous closing of Rs. 653.75 on the BSE. The scrip opened at Rs. 668.95 and has touched a high and low of Rs. 723.95 and Rs. 668.95 respectively. So far 265361 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 737.50  on 13-Oct-2021 and a 52 week low of Rs. 295.15 on 24-Jun-2021. Last one week high and low ...
Sona BLW Precision Forgings trades jubilantly on collaborating with NASSCOM
Sona BLW Precision Forgings trades jubilantly on collaborating with NASSCOM
Source: Accord Fintech
13/10/2021 10:46:59 AM
Quote on Sona BLW Precision Forging Ltd, stock up by over 12% today by Mr. Milan Desai, Angel One Ltd Below is quote on Sona BLW Precision Forging Ltd, stock up by over 12% today by Mr. Milan Desai, Lead Equity Analyst, Angel One Ltd Sona BLW is one of India’s leading automotive technology companies that derives ~40% of its revenues from Battery Electric Vehicles (BEV) and Hybrid Vehicles and is the best play on the electrification trend in the Indian automobile industry. The company provides EV differential assemblies and gears, BSG systems and EV tract...
Quote on Sona BLW Precision Forging Ltd, stock up by over 12% today by Mr. Milan Desai, Angel One Ltd
Quote on Sona BLW Precision Forging Ltd, stock up by over 12% today by Mr. Milan Desai, Angel One Ltd
Source: Angel One Ltd
7/10/2021 1:50:36 PM
The 15 year rule of disruption and EVs By Mr. Vivek Vikram Singh, MD and Group CEO of Sona BLW Precision Forging - Motilal Oswal Below are Views On The 15 year rule of disruption and EVs By Mr. Vivek Vikram Singh, MD and Group CEO of Sona BLW Precision Forging - Motilal Oswal The 15 year rule of disruption and EVs A cross sector analysis over the last 200 years suggests that any major disruption takes 15 years to play out, by the end of which the new technology decisively overtakes the incumbent technology. The Auto industry has been a beneficiary of such a disruption at the expense of the horse drawn carria...
The 15 year rule of disruption and EVs By Mr. Vivek Vikram Singh, MD and Group CEO of Sona BLW Precision Forging - Motilal Oswal
The 15 year rule of disruption and EVs By Mr. Vivek Vikram Singh, MD and Group CEO of Sona BLW Precision Forging - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
9/09/2021 11:37:34 AM
Sona Comstar reports Q1 net profit of Rs 82 cr Sona BLW Precision Forgings (Sona Comstar) on Friday reported a net profit of Rs 82.2 crore for the April-June quarter. Its revenue from operations for the period under review stood at Rs 500.7 crore, up from Rs 153.36 crore earned during the first quarter of FY21. The auto component maker reported its first earnings as a listed entity. MD and Group CEO Vivek Vikram Singh said: "Despite headwinds, we have delivered robust revenue growth and best-in-class profitability and return...
Sona Comstar reports Q1 net profit of Rs 82 cr
Sona Comstar reports Q1 net profit of Rs 82 cr
Source: IANS
7/08/2021 9:09:53 AM
Sona Comstar stocks list at 4% premium of issue price Sona BLW Precision Forgings Ltd (Soma Comstar) made its debut on the stock market on Thursday as its shares got listed at a premium of nearly 4 per cent over the issue price on the BSE. The stock got listed at Rs 302.40 on the BSE, while the issue price was Rs 291 per share. On the National Stock Exchange (NSE), its stocks got listed at a premium of 3.44 per cent at Rs 301 per share. Around 10.47 a.m., shares of Sona Comstar on the BSE were trading at Rs 356.65, higher by Rs 54.25 or 17...
Sona Comstar stocks list at 4% premium of issue price
Sona Comstar stocks list at 4% premium of issue price
Source: IANS
24/06/2021 12:49:50 PM
IPO Note - Sona BLW Precision Forgings Ltd By Motilal Oswal Sona BLW Precision Forgings Ltd (SBPFL) is one of the leading critical auto components manufacturer globally with thrust on the EV segment. One of the leading player in global EV market with growing market share: SBPFL started supplying differentiated gears/ assemblies in the global EV market since 2016/2018 and has garnered 5%/8.7% market share (as of CY20). These two products currently contribute 46% of revenues while balance 51% comes from starter motors (SM; both Hybrid and conventi...
IPO Note - Sona BLW Precision Forgings Ltd By Motilal Oswal
IPO Note - Sona BLW Precision Forgings Ltd By Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
14/06/2021 1:41:50 PM
Sona BLW Precision Forgings coming with an IPO to raise Rs 3117 crore Sona BLW Precision Forgings Sona BLW Precision Forgings is coming out with a 100% book building; initial public offering (IPO) of 10,71,05,262 shares of Rs 10 each in a price band Rs 285- 291 per equity share. Not less than 75% of the issue will be allocated to Qualified Institutional Buyers (QIBs), including 5% to the mutual funds. Further, not less than 15% of the issue will be available for the non-institutional bidders and the remaining 10% for the retail investors. ...
Sona BLW Precision Forgings coming with an IPO to raise Rs 3117 crore
Sona BLW Precision Forgings coming with an IPO to raise Rs 3117 crore
Source: Accord Fintech
14/06/2021 12:32:58 PM
IPO Note - Sona BLW Precision Forgings Ltd By Nirmal Bang BACKGROUND SBPF (Sona BLW Precision Forgings) is a leading automotive technology company 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. SBPF is ...
IPO Note - Sona BLW Precision Forgings Ltd By Nirmal Bang
IPO Note - Sona BLW Precision Forgings Ltd By Nirmal Bang
Source: Nirmal Bang Ltd
14/06/2021 11:49:21 AM
IPO Note - Sona BLW Precision Forgings Ltd By Ventura Securities Sona BLW Precision Forgings Ltd (SBPF) is one of India’s leading automotive technology company involved in 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 nonelectrified powertrai...
IPO Note - Sona BLW Precision Forgings Ltd By Ventura Securities
IPO Note - Sona BLW Precision Forgings Ltd By Ventura Securities
Source: Ventura Securities Ltd
14/06/2021 11:43:53 AM
IPO Note - Sona BLW Precision Forgings Ltd By LKP Securities Company Background Sona BLW Precision Forgings Limited (“Sona Comstar”) was incorporated on October 27, 1995. Sona Comstar 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 ...
IPO Note - Sona BLW Precision Forgings Ltd By LKP Securities
IPO Note - Sona BLW Precision Forgings Ltd By LKP Securities
Source: LKP Securities Ltd
14/06/2021 10:25:40 AM
IPO Note - Sona BLW Precision Forgings Ltd By Choice Broking Salient features of the IPO: * Blackstone-backed Sona BLW Precision Forgings Ltd.. (Sona BLW), is planning to raise up to Rs. 5,500cr through an IPO, which opens on 14th Jun. and closes on 16th Jun. 2021. The price band is Rs. 285 - 291 per share. * The issue is a combination of fresh issue and OFS. The company will not receive any proceeds from the OFS portion. Of the net proceeds from the fresh issue, Rs. 241cr will be utilized to repay or prepayment of debt availed by the c...
IPO Note - Sona BLW Precision Forgings Ltd By Choice Broking
IPO Note - Sona BLW Precision Forgings Ltd By Choice Broking
Source: Choice Broking
11/06/2021 5:04:07 PM
Auto supplier Sona Comstar IPO to open on Monday The initial public offering of automobile technology company Sona BLW Precision Forgings' shares will open on June 14. As per the company, the IPO will close on Wednesday, June 16. "The price band for the offer has been determined at Rs 285-Rs 291 per equity share," the company said in a statement. "The total Offer size is up to Rs 5,550 crore with a fresh issuance of equity shares, aggregating up to Rs 300 crore and an offer for sale of equity shares aggregating u...
Auto supplier Sona Comstar IPO to open on Monday
Auto supplier Sona Comstar IPO to open on Monday
Source: IANS
10/06/2021 8:57:28 AM