Sona Comstar IPO: The shares are likely to be listed on BSE Sensex and NSE Nifty indicesSona Comstar will introduce an initial public deal (IPO) on June 14.
The car parts firm's public problem will close on June 16.
The shares will be available in the rate band of Rs 285-291 per share.
The shares are likely to be listed on the BSE Sensex and NSE Nifty indices.Sona Comstar's Rs 5,550-crore offer will consist of a fresh problem of Rs 300 crore and an offer for sale of approximately Rs 5,250 crore by Singapore VII Topco III Pte Ltd.
The fresh concern profits will be used for paying back debts and basic business purposes.Applicants can position quotes for a minimum 51 shares and in multiples of 51 shares afterwards, extending approximately 13 lots.
The company has fixed the reserved part for certified institutional buyers at 75 percent, retail at 10 percent and non-institutional financiers at 15 per cent.Sona Comstar designs, makes and provides mission critical vehicle systems and elements to vehicle OEMs throughout US, Europe, India and China.
It has 9 production and assembly centers across India, China, Mexico and USA.Sunjay Kapur, Sona Autocomp and Singapore Topco are the promoters of Sona Comstar.
Kotak Mahindra Capital Company, Credit Suisse Securities, JP Morgan India, JM Financial and Nomura Financial Advisory and Securities are the book running lead supervisors to the issue.Meanwhile, the Rs 909 crore IPO of the Kolkata-based long steel items and ferro alloy company Shyam Metalics' will likewise open on June 14.