The initial public offering of automobile technology company Sona BLW Precision Forgings or Sona Comstar opened today. The IPO of the Blackstone-backed firm will close on Wednesday.
Here are the key things to know before you subscribe to the offer:
About the company
The company is a manufacturer of high precision, engineered automotive systems and components, supplying to Indian and international OEMs across electrified as well as non-electrified powertrain domains. The company is among the top ten players globally in the differential bevel gear market on the basis of overall volumes of differential bevel gears supplied to PVs, CVs and tractors. It is also amongst the top ten global starter motor suppliers based on exposure to the PV segment and market share in CY 2020, according to the Ricardo Report. It is the largest manufacturer of differential gears for PV, CV and tractors.
The company was among the top ten auto-component manufacturers in India when it comes to operating EBITDA and profit before tax in FY20. Its consolidated income from the sale of goods stood at Rs 1,488.93 crore in FY21 as compared to Rs 1,180.42 crore for FY20.
Sunjay Kapur, Sona Autocomp and Singapore Topco are the promoters of the company.