MUMBAI: Sona BLV Precision Forgings, also known as Sona Comstar saw a muted response from investors on the first day of its Rs 5,500-crore initial public offering. The IPO was subscribed merely 11 per cent at the end of day one. At 5:00 pm, only 1,13,93,298 shares of the company received bids out of a … Read more
NEW DELHI: The initial public offer (IPO) of Sona BLW Precision Forgings (Sona Comstar) will hit Dalal Street on Monday. The auto component manufacturer is looking to raise about Rs 5,550 crore from the primary market. The issue comprises fresh issuance of equity shares, aggregating up to Rs 300 crore, and an offer for sale … Read more
NEW DELHI: Blackstone-promoted Sona BLW Precision Forgings on Tuesday received capital markets regulator Sebi’s approval to float initial public offering (IPO) share-sales. The company plans to raise Rs 6,000 crore. The public offer comprises a fund raise via a fresh issuance of shares amounting to Rs 300 crore and Rs 5,700 crore through an offer-for-sale … Read more
Mumbai: Sona Comstar, leading Indian auto component maker owned by PE fund Blackstone Group Inc, is set to raise about Rs6000 crore ($825 mn) through an initial public offer (IPO). A DRHP (draft red herring prospectus) will be filed with regulators this week, possibly as early as Tuesday, said multiple people aware of the development. … Read more