Blackstone's Sona BLW Comstar IPO Opens : Live Subscription Status, GMP Today, and more

Sona Comstar, recently, 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. Let's check its Live Subscription Status, GMP Today, and more.

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.

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.

The price at which equity shares of Sona Comstar IPO will be made available to the public is out now by the company. Its price is Rs 285-291 per share. It is a huge amount, but given the networth of this company, it seems fine. Talking about its launch date, it is 14th June 2021 and ends on 16th June 2021.

The GMP of Sona BLW IPO today (15th June 2021, 10:11 IST) is Rs 20. Stay tuned for updates.

Sona Comstar IPO was subscribed 11% on day 1 i.e. 14th June 2021. Stay tuned for Sona Comstar IPO Live Subscription Status.

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