What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Sona BLW Precision Forgings Limited IPO allotment date?

The basis of allotment for Sona BLW Precision Forgings Limited IPO is scheduled to be finalized on 21 Jun 2021.

Where can I check Sona BLW Precision Forgings Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Kfin Technologies Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 22 Jun 2021.

IPO GreyPremiumLIVE

Grey Market Intelligence

Sona BLW Precision Forgings Limited

ListedMainboard

Industrials / Automotive · NSE / BSE

Incorporated in 1995, Sona BLW Precision Forgings Limited is a leading automotive technology company in India that designs, manufactures, and supplies critical auto components such as differential assemblies, gears, and starter motors. According to a CRISIL report, the company is among the top 10 auto-component manufacturers, and in 2020, it ranked among the top global players in the differential bevel gear segment and was one of India’s largest exporters of starter motors. Sona Comstar serves customers across India, the US, Europe, and China, and operates nine manufacturing and assembly facilities located in India, the USA, China, and Mexico.

Price Band

₹285 – ₹291

Issue Size

₹5550 Cr

Lot Size

51 shares

GMP

₹3

+1.0%

Est. Listing

₹294

at current GMP

Subscribed

—

Open

14 Jun 2021

16 Jun 2021

Allotment

21 Jun 2021

Refund

22 Jun 2021

Demat Credit

23 Jun 2021

Listing

24 Jun 2021

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Sona BLW Precision Forgings Limited Allotment Status

Designated Registrar: Kfin Technologies Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

21 Jun 2021

Basis finalization

Refunds Initiate

22 Jun 2021

Mandate release

Demat Credit

23 Jun 2021

Shares in demat

Listing Debut

24 Jun 2021

Trading begins

About Sona BLW Precision Forgings Limited Public Issue & Market Profile

Sona BLW Precision Forgings Limited is bringing an initial public offering (IPO) in the Industrials / Automotive sector with an aggregate issue size of ₹5,550 Crores. The shares are offered at a price band of ₹285 to ₹291 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 51 shares (approx. ₹14,841 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Official Allotment Timelines & Registrar Guidance:

Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2021-06-23, while un-allotted funds or UPI block mandates will be released on 2021-06-22.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.