Explore Now
NEW DELHI: Sona BLW Precision Forgings Ltd, an automotive technology company, filed its papers with the regulator to raise Rs 6,000 cr via Initial Public Offering (IPO).
The public issue will include a fresh issue of shares amounting to Rs 300 crore and an offer for sale aggregating to up to Rs 5,700 crore by selling shareholder Singapore VII Topco III Pte Ltd, an affiliate of The Blackstone Group Inc.
The portion reserved for qualified institutional buyers will be up to 75 per cent of the offer. Non-institutional investors will have up to 15 per cent of the portion reserved, while up to 10 per cent will be reserved for the retail investors.