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Sona Comstar IPO: Should you subscribe to the issue?

The issue consists of a fresh sale of Rs 300 crore and an offer for sale (OFS) worth Rs 5,250 crore, of shares held by Singapore Topco, an affiliate of the Blackstone group

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IPO, initial public offering

4 min read Last Updated : Jun 15 2021 | 7:57 AM IST

The Rs 5,550-crore initial public offer (IPO) of automotive supplier Sona BLW Precision Forgings (Sona Comstar) opened for subscription on Monday, amid 'subscribe' rating from most brokerages, based on the company's growth prospects. The price band for the issue, which closes on June 16, is fixed at Rs 285–291 per share.

The issue consists of a fresh sale of Rs 300 crore and an offer for sale (OFS) worth Rs 5,250 crore, of shares held by Singapore Topco, an affiliate of the Blackstone group. Singapore Topco's current holding stands at 66.2 per cent of the pre-offer paid-up equity capital of

Topics : IPO

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