Sona BLW Precision Forgings aka Sona Comstar filed a DRHP in February 2021 and the Sona BLW IPO launch date is 14 June and closes on 16 June 2021. The company plans to raise ₹5,000 crore through the initial share sale which will consist of a fresh issue of equity shares worth Rs 300 crore and an offer for sale (OFS) by existing shareholders. The company is one of the leading automotive parts manufacturer in India. The company is backed by PE major Blackstone and Sona Group. Check out Sona BLW Precision Forgings IPO details.
Facts:
As per CRISIL Report, Sona Comstar is one of the top 10 auto-component manufacturers. In 2020, Sona Comstar was listed in top 10 global players for the differential bevel gear segment and among the largest exporters of starter motors in India. They supplies their products in India, USA, Europe, and China. They have 9 manufacturing and assembly facilities across the USA, India (6), China, and Mexico.
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