Should I apply Sona Comstar IPO?

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Should I apply Sona Comstar IPO?

Hence, we recommend ‘Subscribe’ for long term. At the IPO price band of Rs 285-291, the offer is valued at 76.0/77.6 x its FY2021 EPS, considering the diluted equity at the upper and lower price band. The company has a strong margin profile due to its critical components offerings, in India as well as globally.

Should I invest in Sona BLW?

“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 …

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How many times is Sona BLW IPO subscribed?

Sona BLW Precision Forgings IPO subscribed 2.28 times. The issue received bids for 24.43 crore shares as against 10.71 crore shares on offer.

How do I get IPO Sona BLW?

All the retail investors who plan to invest in Sona BLW IPO have to pay via UPI by linking their bank account to a UPI handle. A UPI mandate would be raised upon the purchase of shares.

Is Shyam Metalics IPO worth buying?

Analysts are mostly bullish and recommend subscribing to the Shyam Metalics IPO, but some suggest that it is overvalued when compared to its peers. According to Choice Broking, the trailing 12-month EV/EBITDA of 8.6 times is higher than the average of 6.4 times of its peers.

Is Sona Comstar IPO overpriced?

Unveiling the investment strategy in Sona Comstar shares Abhay Doshi, Founder at UnlistedArena.com said, “Sona Comstar IPO was slightly overpriced and institutions were expecting tepid listing or may be below the issue price of ₹291 per shares.

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How do I check my SONA BLW IPO allotment status?

Below are the steps to check Sona Comstar IPO allotment status online:

  1. Visit the Sona Comstar IPO allotment status page.
  2. Click on the green Sona Comstar IPO Allotment Status.
  3. Enter either PAN number, Application Number or DP Client ID of the demat account to check the Sona Comstar IPO allotment status.
  4. Click Search.

How much is Shyam Metalics IPO?

How much Shyam Metalics IPO subscribed? The Shyam Metalics IPO is subscribed 121.43 by Jun 16, 2021.

When will Sona BLW IPO open for subscription?

Sona BLW Precision Forgings’ (Sona Comstar) Rs 5,550-crore initial public offering (IPO) will open for subscription on June 14, 2021, at a price band of Rs 285-291 per share. Blackstone-backed Sona BLW issue will close on June 16, 2021.

When will the Sona Comstar IPO hit the market?

Sona Comstar IPO to hit the market on 14 June 2021 and closes on 16 June 2021. The company to raise ₹5550 crores via initial public offer. Sona BLW Precision Forgings aka Sona Comstar filed a DRHP in February 2021 and the Sona BLW IPO launch date is 14 June and closes on 16 June 2021.

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Is Sona Comstar a good company?

As per CRISIL Report, Sona Comstar is one of the top 10 auto-component manufacturers. In 2020, Sona Comstar was listed in top 10 global players for the differential bevel gear segment and among the largest exporters of starter motors in India. They supplies their products in India, USA, Europe, and China.