What does Sona BLW do?
SONA BLW Precision Forgings Limited operates as an automotive systems and components manufacturer. The Company offers differential assemblies, gears, conventional and micro-hybrid starter motors, BSG systems, EV traction motors, and motor control units. SONA BLW Precision Forgings serves automotive sector worldwide.
What is the business of Sona Comstar?
The company 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 …
Is Sona BLW debt free?
Total debt of the company as end of 31 March 2021 stood at Rs 366.26 crore including long term loan of Rs 249.748 crore up from Rs 306.782 crore as end of March 2020. On a consolidated basis, the company reported a net profit of Rs 215.17 crore and sales of Rs 1,566.30 crore in the twelve months ended on 31 March 2021.
Is Sona Comstar IPO a good investment?
Sona Comstar share price hit 20 per cent upper circuit after the lackluster listing at near 3.9 per cent premium. Though the valuation at around 74x P/E appears fully priced in, given its thrust in fast evolving EV space both in India and globally, market would like to give premium to such emerging growth story.”
What is Sona Comstar IPO?
Sona Comstar IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹5,550.00 Crores. The issue is priced at ₹285 to ₹291 per equity share. The minimum order quantity is 51 Shares. The IPO opens on Jun 14, 2021, and closes on Jun 16, 2021.
How do IPO stocks make money?
How do IPOs make money? The company shares are purchased during the long process of IPO entry at a pre-market price. Then, during the public auction, the company’s shares may get higher, and if the company is already known in the world, the public offering of its shares will cause a real rush and a spike in prices.
How good is Sona BLW IPO?
Review and Recommendation of Sona BLW IPO by IZ team is 4/10 1. The sector in which company is operating is struggling from the last 3 years. 2. All the peers have generated no growth or given almost negligible returns to the investors.
How do owners get paid in an IPO?
The owner(s) of the company only gets paid at the IPO. That’s the only time he gets money from the stock market (unless and until the company issues more stock later). In some cases, this means maintaining a flat stock price but paying healthy dividends (in other words, giving some of the profits to the shareholders).