Sona Comstar IPO: The issue of Sona BLW Precision Forgings (Sona Comstar), a Blackstone-invested company, opens on June 14 and closes on June 16. It is an automotive technology company. The analyst has given a buy advice on the issue of the company.
Analysts believe that Sona Comstar has a better position than other companies with a strong product portfolio, growth potential in the electric vehicle segment, strong R&D base, good balance sheet, long list of global clients and so on. Advice has been given.
Financial services companies line up for IPO, Paytm leads with Rs 22,000 crore issue
LKP Securities says, “Despite the high valuation of the company, its earnings growth, better position than other companies, higher profits than rival companies, better cost management, return ratio, the company is getting the benefits of having customers across the globe. Along with this the company’s research team is very strong. That’s why we are advising you to invest in Sona Comstar’s IPO.”
Sona is set to raise Rs 5,550 crore from the Comstar issue. The price band of its IPO is Rs 285-291.
This IPO of Rs 5,550 crore will have a fresh issue of Rs 300 crore while an offer for sale of Rs 5,250 crore will be placed by Singapore VII Topco III Pte Ltd. The company will use the proceeds from this IPO to pay off debt and for general corporate purposes. The lot size of this IPO will be 51 shares followed by multiples of 51.
IPO Alert: Next week 4 big companies will issue IPO, choose your favorite issue
In this issue, 75 per cent equity has been kept as a reserve for QIBs, while 10 per cent will be reserved for retail investors and 15 per cent for non-institutional investors.
SONA COMSTAR is one of the leading Automotive Technology Company in India engaged in Designing and Manufacturing of Automotive Components based on all modern technology.
Sona Comstar IPO: IPO launch of country’s largest auto parts company, know special things
Facebook us for social media updates (https://www.facebook.com/moneycontrolhindi/) and Twitter (https://twitter.com/MoneycontrolH) to follow.