Sona BLW Precision Forgings Limited

About the company

Global Automotive player Sona BLW Precision Forgings is set to hit the bourse on June 14 as shrugs off the pandemic impact. The Blackstone-backed automotive components maker boasts of having major OEM players as its customers including Tata Motors, Ashok Leyland, Daimler and Volvo. It derives 75% of its revenue from overseas. Not just customers, but the company also has a well-diversified and strong portfolio of products. The company is a leading player in manufacturing of differential bevel gears, starter motors and battery electric vehicle (BEV) differential assemblies with a market share of 5%, 3% and 8.7% respectively in 2020. The company is ready for the advent of electric vehicles. It has increased its sales to the EV market at a CAGR of 243.6% from ₹17.42 crore in FY19 to ₹205.70 crore in FY21.

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   14 Jun 2021

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   16 Jun 2021

   Last day to place your bid

3. Basis of Allotment

   Completed
   16 Jun 2021

   Share allotment finalised

4. Refund Initiation

   Completed
   22 Jun 2021

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   21 Jun 2021

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   24 Jun 2021

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.