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 Category | Quota | Subscription |
|---|---|---|
| Institutional (QIB) | 50% | 3.46x |
| Non-Insti. (HNI) | 35% | 0.39x |
| Retail (RII) | 15% | 1.58x |
| Total Subscription | 100% | 2.28x |
Sona Comstar IPO Subscription: End of Day Update
| Day | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.02x | 0.14x | 3.46x |
| HNI | 0.01x | 0.04x | 0.39x |
| Retail | 0.51x | 1.02x | 1.58x |
| Total | 0.11x | 0.27x | 2.28x |
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
| Type | Value |
|---|---|
| Issue Size | ₹5,550 Cr |
| Open Date | 14/06/2021 |
| Close Date | 16/06/2021 |
| Face Value | ₹10/- per Equity Share |
| IPO Price | ₹285 – ₹291 |
| Lot Size | 51 shares |
| Lots | Min 1 – Max 13 |
Sona Comstar IPO: Financials
| 2018 | 2019 | 2020 Mar | 2020 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 Tax | ₹77.57 Cr | ₹173.18 Cr | ₹360.34 Cr | ₹155.47 Cr |
| EPS (Basic) | 2.59 | 3.01 | 7.06 | 2.71 |
| As of March 2020 | EPS (Avg) | P/E (Floor) | P/E (Cap) |
|---|---|---|---|
| Based on basic EPS | 5.65 | 50.44 | 51.50 |
Comparison with listed industry peers
| Company | P/E (Cap) |
|---|---|
| Sona Comstar | 51.50 |
| Highest | 41,000 |
| Lowest (SAIL) | 21 |
| Sector Avg | 4150.66 |
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
