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Sona BLW Precision Forgings revenue up 226% YoY, Net order book stands at Rs 14,000 cr
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IPO Review: Sona BLW Precision Forgings
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Sona Comstar receives SEBI nod for ₹6,000 crore IPO
May 11, 2021
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The automotive technology company is into designing, manufacturing and supply of mission-critical automotive systems and components.
PE firm Blackstone-promoted automotive supplier Sona BLW Precision Forgings Ltd has received capital markets regulator’s approval for its ₹6,000-crore initial public offering (IPO).
The public offer comprises a fundraise through the issuance of new shares of up to ₹300 crore and ₹5,700 crore through an offer-for-sale by shareholder Singapore VII Topco III, an affiliate of The Blackstone Group.
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Between FY16-20, the company total operating income grow at a compounded annual growth revenue of 10.9 per cent.
Highlights
fund raise via fresh issue amounting to Rs 300 crore.
Offer for Sale aggregating up to Rs 5700 crore.
New Delhi: Sona BLW Precision Forgings Ltd, one of India’s leading automotive technology companies and a major manufacturer and supplier to global EV markets, has filed its papers with the regulator SEBI to raise and aggregate of Rs 6000 crore via Initial Public Offering.
The public issue of shares of face value of Rs 10 each, comprises a fund raise via fresh issue amounting to Rs 300 crore and an Offer for Sale aggregating up to Rs 5700 crore by selling shareholder Singapore VII Topco III Pte Ltd., an affiliate of The Blackstone Group Inc.
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