Sona BLW Precision Forgings Limited IPO Message Board (Page 5)

Showing 301 (3.44% up) in pre opening as on 9.48 AM Today

Listing 300 ke aaspass hone wali hai

Discount openning on cards I think, It may open at 3 to 5 % lower. Good to hold for long term

Good morning to all allotted members.
Today is a listing day for sona blow.
Listing around issue price..
If price around 270 to 275 ..then buy for long term investors..

At what time today will it list?

10 AM today it will list

Reason for holding this IPO

1) Electric- Bike specially Indian made are in boom. Revolt Motors says it sold nearly *US $7M worth of RV400s in those two hours.*

https://electrek.co/2021/06/22/popular-electric-motorcycle-brand-reopens-orders-closes-again-2-hours-later-after-selling-out/

2)The Ministry of Heavy Industries and Public Enterprises has rolled out an Rs 800 crore scheme called - FAME India (Faster Adoption and Manufacturing of Electric Vehicles).

https://www.pluginindia.com/blogs/government-launches-the-fame-india-scheme

3)As per CRISIL Report, it is among the top 10 auto-component manufacturers. In 2020, Sona Comstar was among the top 10 global players for the differential bevel gear segment and among the largest exporters of starter motors in India.

So no reason for me to sell this IPO for first day....Wait and watch

EVs are the futures. So just like early birds get the best worms. Sona has the opportunities to do good in coming years. And if they do good, this is one of those stocks that got Warren Buffet to become what he''s today. It may seem not very promising, but that''s the reason you''re getting it cheap. For me, I''ll be holding for a few years depending on their sales data & other local market competition.

Note: even foreign EV makers also might have to enter Indian market in partnership with a local company, and there''s not many today.

I have not yet got the Shares of Sona in my Demat. Money also not deducted. Anyone facing the same issue?

@animey, did u get allotment or not. If not then payment will not be deducted.

@Lokesh Obviously I got the allotment. Now I got sms from CDSL that shares have been credited to my demat account. Checked and confirmed the same in cdsl website. But my money has not yet been deducted.

Tomorrow is Sona listing. What''s the suggested strategy?

GMP Update- 1

I got 2 out of 2 . Want to sell one lot anyone interested?

@Admin please take action as SSRD is posting unnecessary and wrong info

So whats the final issue price !?
will we get any refund if price is less than Rs 291
When will we know about this

if you got an allotment this means you have already purchased a share at an IPO price of Rs291.
Tomorrow is the listing, if this list is more than the Rs291 price then you will be in profit else be ready to bear the loss.

In the short final issue, the price is 291 which was already decided before this IPO open for subscription.

Thanq @crow @spock Hope it will list at more than Rs 285

No one is saying that the company is bad. It is no doubt a good company having great future but the problem with this IPO was the pricing. And also a big size ipo normally don''t give much listing gain due to selling pressure on listing day and here all the retailers are fully satisfied with their allotment, so flippers will come to sell on listing day. Hope for positive listing. Though i have not applied, will buy if comes down.

One lot was applied with the approved UPI mandate and application was successful. Amount also blocked. As I got the allotment, the payment was processed but failed with reason " BANK NOT DEBIT". The IPO mandate is still not revoked.
What should I do now?
Do I get the shares in my account?
Please advise.

For all those who doubt about Sona BLW,

https://www.divyabhaskar.co.in/local/gujarat/gandhinagar/news/gujarat-announces-electric-vehicle-policy-for-next-four-years-subsidy-of-rs-20000-for-2-wheelers-and-rs-15-lakh-for-4-wheelers-128624058.html

Yes, I read this article. And definitely to manufacture electrical auto item this industry play major role. Also if you check below link

The Ministry of Heavy Industries and Public Enterprises has rolled out an Rs 800 crore scheme called - FAME India (Faster Adoption and Manufacturing of Electric Vehicles).

This ill make bumper effect on the bike. I also saw one e bike which was sold

https://electrek.co/2021/06/22/popular-electric-motorcycle-brand-reopens-orders-closes-again-2-hours-later-after-selling-out/

Revolt Motors says it sold nearly US $7M worth of RV400s in those two hours.

So guys if i hold this IPO for 1 month , i can almost see up moment or 30% minimum.

https://www.pluginindia.com/blogs/government-launches-the-fame-india-scheme

GMP Update

Sona IPO GMP:- Rs.2/-

Please tell how to get more accounts 🙂🙇🏽‍♂️

@Aryangupta - bhai "Aryan" blood hai.. Vicky donor ban ja..

Looking at the posts it appears every one who applied has got allotted then where is the fresh demand?

2/3

3 out of 4 allotted 161 share out of 204 applied in each application.

Application ID 95211253
Pan no. ECKPS9315C
PLEASE send status

88/102 means Applying more than 1 lot in 1 application worked for RII.

Becs HNI unsubscribed share portion distributed to QIB and Retailers

Got 6/6 apps...

Allotment received but money credited to my account. Can anyone explain? Applied through UPI in zerodha

I got my allotment message from NSE but money has been refunded. What to do ?

After a mild up opening we can see it moving up through the day. Thereafter a good run up will be seen in the next few days. Hold on and watch the fun.