Sona BLV Precision Forgings (Sona Comstar) is expected to announce IPO share allocation on June 21, 2021. The Rs 5,550 crore issue was subscribed 2.28 times on the last day of bidding. The issue received bids for 24.43 crore shares of the company, out of which a total of 10.71 crores shares. Sona Comstar shares in the grey market were trading at Rs 294.5 on Friday, according to people dealing in shares of unlisted companies, which means a premium of 1.2 percent 3.5 percent from the IPO price of Rs 291. Analysts expect listing gains of up to 25 percent on an opening day.
On June 22, 2021, the introduction of unblocking or refunding of funds from the ASBA account will take place. While equity shares will be credited to defaulter accounts on June 23, 2021. Sona BLV Precision Forgings will make its stock market debut on June 24, 2021. Sona comstar stock could open with a premium of 15-25 on a listing day behind strong fundamentals, ease state lockdown, and positive sentiment in Indian markets, said AR Ramachandran, co-founder, and trainer of Tips2Trades.
Investors can check the status of their IPO allocation at Sona Comstar on the Kiffin Technologies website under the IPO status section when it is announced. After that select the IPO and enter either your application number or PAN or client ID. In the case of the application number box, select the application type and enter the application number. If the DPID/Client ID box is selected, select depository from the drop-down menu, enter DPIP, Client ID. Enter permanent account number if PAN option box has been selected. In the last step, enter the given captcha and click Submit. This will show how many shares have been applied and allotted to the investor.
The status of allotment in Sona Comstar can also be checked through the BSE website. From this link, select the issue type as ‘equity’, and ‘Sona BLV Precision Forgings Limited’ as the issue type from the drop-down list, when it is declared. Enter the application number and PAN. In the last step, click on the Search tab to view the status details.