Sona Comstar IPO Live Subscription Status

Live subscription status across each investor category and analyst recommendations
Sona Comstar IPO Subscription

Sona Comstar IPO Subscription Status: FINAL

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 OEMs across US, Europe, India, and China, for both electrified and nonelectrified powertrain segments.

Investor CategoryQuotaSubscription
Institutional (QIB)50%3.46x
Non-Insti. (HNI)35%0.39x
Retail (RII)15%1.58x
Total Subscription100%2.28x

Sona Comstar IPO Subscription: End of Day Update

DayDay 1Day 2Day 3
QIB0.02x0.14x3.46x
HNI0.01x0.04x0.39x
Retail0.51x1.02x1.58x
Total0.11x0.27x2.28x

Sona Comstar IPO Subscription: Analyst Recommendations

Choice Broking – Subscribe for Long-term [Report]

“At higher price band of Rs. 291, Sona BLW is demanding a TTM P/E multiple of 78.9x, which is at premium to the peer average of 60.3x. However, if we compare with EV focused global peer, it is at discount. Thus considering the growth potential in the EV segment and the company’s product portfolio spanning over all types of electrified power trains, we assign “Subscribe for Long Term” rating for the issue.”

LKP Research Subscribe for Long-term [Report]

“Despite its rich valuations, considering its visibility of topline growth, competitive edge, superior
profitability as compared to peers, prudent cost management, return ratios, wide clientele
spread across the globe, sound R&D base and technological progress, we recommend investors
to SUBSCRIBE to this IPO of Sona Comstar for Long-Term”

Sona Comstar IPO Subscription: Key IPO Details

TypeValue
Issue Size₹5,550 Cr
Open Date14/06/2021
Close Date16/06/2021
Face Value₹10/- per Equity Share
IPO Price₹285 – ₹291
Lot Size51 shares
LotsMin 1 – Max 13

Sona Comstar IPO: Financials

201820192020 Mar2020 Dec
Revenue from Ops₹623.12 Cr₹699.22 Cr₹1037.9 Cr₹1026.9 Cr
Profit before Excep*₹131.11 Cr₹154.55 Cr₹154.97 Cr₹211.05 Cr
Profit after Tax77.57 Cr₹173.18 Cr₹360.34 Cr₹155.47 Cr
EPS (Basic)2.593.017.062.71
*Tax and Exceptional Items
As of March 2020EPS (Avg)P/E (Floor)P/E (Cap)
Based on basic EPS5.6550.4451.50

Comparison with listed industry peers

CompanyP/E (Cap)
Sona Comstar51.50
Highest41,000
Lowest (SAIL)21
Sector Avg4150.66

Sona Comstar IPO Subscription – FAQs

1. How to apply for Sona Comstar IPO in Retail Category?

A: An investor in retail category may either apply through the UPI process via DEMAT account or the ASBA process via bank account

2. How to apply for Sona Comstar IPO in HNI Category?

A: An investor can apply in HNI category only through the ASBA process via bank account

3. Where can I find the Red Herring Prospects (RHP) details?

A: You can visit the NSE or SEBI website for these details. Alternately you can click here: DRHP

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