Blackstone's Sona Comstar IPO Coming Soon: Becomes the Highest Ever Valued IPO! Check Share Price, Date

Blackstone-backed Sona Comstar will soon come with its Rs 6000 Crore IPO in India. Analysts and Investors are already rooting for this highly anticipated Initial Public Offering.

by FighterMan Updated: 19 Apr, 2021, 07:31 IST
0 1443

Sona Comstar, yesterday, registered with the SEBI for bringing out their Initial Public Offering(IPO). It is backed by The Blackstone Group which is a Rs 7.34 lakh crores USD(‘19) American Global Investment Company. Blackstone owns 65% stake in Sona Comstar while the remaining is owned by Sona BLW’s Sanjay Kapur. This IPO is worth Rs 6000 Crore which makes it the highest ever valued IPO in the automobile segment.

In 2019, Blackstone’s Comstar and Kapur’s Sona BLW merged to become Sona Comstar. This company has a total of 9 units out of which 6 are in India and 1 each in China, Mexico, and US. The news of this IPO comes after the recent launch of Heranba Industries IPO which is currently in Day 2 of its subscription stage.

Sona Comstar Company Profile & Work

Sona Comstar’s profile says that it is a leading auto components manufacturer in India. It’s work includes Differential Assembly, BSG and BLDC Motor Technology. Moreover, it makes instruments for electric vehicles which are at a boom in India currently.

It earns 13.7% of its revenue from BEV(battery electric vehicles) markets so you can imagine the growth in the coming years. Moreover, it is in the top 10 global list of Differential Bevel Gear Suppliers and Global Starter Motor Suppliers. Some of its esteemed clients include Ford Motors, Daimler, Tata Motors and Ashok Leyland.

Blackstone’s Sona Comstar IPO Share Price and Dates

The price at which equity shares of Sona Comstar IPO will be made available to the public is not out yet by the company. Although, if rumours are to be believed, its price may range in between Rs 1000-1500 per share. It is a huge amount, but given the networth of this company, it seems fine. Talking about its launch date, it may come in mid March and get listed by the 1st week of April. Stay tuned for the latest updates.

What are your views on this IPO? Will you Subscribe? Do share with us in the comments below.

First reply poster
Be the first one to share your thoughts