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.
Auto component maker Sona Comstar s Rs 5,550-crore IPO comprises fresh issue of shares amounting to Rs 300 crore and an offer-for-sale (OFS) aggregating up to Rs 5,250 crore by selling shareholder Singapore VII Topco III Pte Ltd, an affiliate of the Blackstone Group Inc.
Shyam Metalics, Sona Comstar, Navoday Enterprises IPOs open on June 14: The companies are raising funds to retire their debt, funding capital expenditure requirements, and for general corporate purposes
The anchor issue is the third-largest in Indian capital market history after SBI Cards and Payment Services and Power Grid Infrastructure Investment Trust.