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Tepid Listing | Sona Comstar share debuts at Rs 302 4, a 4 premium to issue price
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Sona Comstar shares debut at Rs 302 4, a 4% premium to issue price
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Sona Comstar locked in 20% upper circuit on strong demand after tepid listing
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Sona Comstar IPO: The shares are likely to be listed on the bourses on June 24
Sona Comstar s Rs 5,550-crore initial public offering (IPO) opens for bidding today i.e. June 14. The auto parts company s public issue will close on June 16. The company has fixed the price band of the primary market sale at Rs 285-291 per share. The shares are likely to be listed on the BSE Sensex and NSE Nifty on June 24.
Sona Comstar s offer will consist of a fresh issue of Rs 300 crore and an offer for sale of up to Rs 5,250 crore by Singapore VII Topco III Pte Ltd.