Sona Comstar IPO: KRChoksey’s Investment Rationale

Sona Comstar IPO: KRChoksey’s Investment Rationale

An employee holds an automobile component in an auto parts manufacturing factory. (Photographer: Marlene Awaad/Bloomberg).

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

KRChoksey Research Report

Sona BLW Precision Forgings Ltd. (Sona Comstar) is one of the leading automotive technology companies in India.

The company is primarily engaged in designing, manufacturing, and supplying high-quality mission-critical automotive components such as differential assemblies, gears, conventional and micro-hybrid starter motors, etc. it is among the top 10 auto-component manufacturers.

In 2020, the company was among the top 10 global players for the differential bevel gear segment and among the largest exporters of starter motors in India.

The firm supplies its products across the countries such as India, U.S., Europe, and China.

It has nine manufacturing and assembly facilities across the USA, India (six), China, and Mexico.

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KRChoksey Sona Comstar IPO Note.pdf
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