Table of Contents
Should you subscribe to Sona BLW Precision 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.
Is Sona Comstar good for long term?
“Nevertheless, we believe the company offers a good investment case on the back of strong growth prospects. Accordingly, we recommend Subscribe only for long-term,” ICICI Direct said. Ventura Securities also recommend subscribing to the issue for long-term investing.
Is Sona Comstar debt free?
The company will use Rs 241 crore from the fresh issue’s proceeds to pare debt. At the upper end of the price band, the company, according to BloombergQuint’s calculations, is valued at close to Rs 17,000 crore.
Is Shyam Metalics IPO good for long term?
So, both sentiment and financials are giving strong listing of the public issue.” Suggesting investors to hold Shyam Metalics IPO Ravi Singhal, Vice Chairman at GCL securities said, “Metal sector is strong in medium to long-term and hence I recommend Shyam Metalics IPO allotees to hold the counter after listing.”
Are GREY market stocks safe?
In gray market trading, while the trade is binding, it cannot be settled until official trading begins. This may cause an unscrupulous party to renege on the trade. Due to this risk, some institutional investors, like pension funds and mutual funds, may refrain from gray market trading.
What is the size of Sona BLW precision forgings IPO?
Sona BLW Precision Forgings IPO Opens today and closes on 16th June’21. With an IPO size of Rs.5550Crores, it is the biggest ever IPO in the auto components segment in India. Sona BLW Precision Forgings IPO Opens today and closes on 16th June’21.
Is Sona BLW precision forgings limited (Sona Comstar) back to school?
The IPOs, which were on some vacation, are back to school. This time, with Sona BLW Precision Forgings Limited (Sona Comstar) People will tell you’re living under a cave if you admit that you weren’t aware of the fund-raising frenzy prevalent a few months ago.
Is Sona BLW’s share price fully priced?
However, these are not apple to apple comparable considering the business models. However, consider these factors, Sona BLW Share Price of Rs 291 (upper price band) is fully priced. Sona BLW IPO Review – Should you invest?
When is Sona’s IPO launch date?
The market was flooding with money, and companies were leaving no stone unturned to take it. And the IPO season is now back to the mainstream. Sona’s IPO will be launched on the 14th of June 2021 and available for investors from then. Hence, it becomes imperative to know some of the key facts that will help you arrive at the right decision.