Sona Comstar IPO: The shares are prone to be listed on BSE Sensex and NSE Nifty indices
Sona Comstar will launch an preliminary public supply (IPO) on June 14. The auto components agency’s public situation will shut on June 16. The shares might be accessible within the worth band of Rs 285-291 per share. The shares are prone to be listed on the BSE Sensex and NSE Nifty indices.
Sona Comstar’s Rs 5,550-crore supply will include a contemporary situation of Rs 300 crore and a proposal on the market of as much as Rs 5,250 crore by Singapore VII Topco III Pte Ltd. The contemporary situation proceeds might be used for repaying money owed and basic company functions.
Applicants can place bids for a minimal 51 shares and in multiples of 51 shares thereafter, extending as much as 13 heaps. The firm has mounted the reserved portion for certified institutional patrons at 75 per cent, retail at 10 per cent and non-institutional buyers at 15 per cent.
Sona Comstar designs, manufactures and provides mission essential automotive techniques and elements to automotive OEMs throughout US, Europe, India and China. It has 9 manufacturing and meeting amenities throughout India, China, Mexico and USA.
Sunjay Kapur, Sona Autocomp and Singapore Topco are the promoters of Sona Comstar. Kotak Mahindra Capital Company, Credit Suisse Securities, JP Morgan India, JM Financial and Nomura Financial Advisory and Securities are the e book working lead managers to the problem.
Meanwhile, the Rs 909 crore IPO of the Kolkata-based lengthy metal merchandise and ferro alloy firm Shyam Metalics’ will even open on June 14.
