Blackstone backed Sona Compstar files for IPO of ₹6,000 cr
- The IPO comprises a fund raise via fresh issue amounting to ₹300 crore and an offer for sale aggregating up to ₹5,700 crore by Singapore VII Topco III Pte Ltd
- Sona Comstar will use the proceeds from the fresh issue to repay ₹225 crore of its borrowings besides general corporate purposes
Blackstone-promoted Sona BLW Precision Forgings Ltd (Sona Comstar) on Wednesday filed its draft red herring prospectus with Securities and Exchange Board of India to raise up to ₹6000 crore through an initial public offering (IPO).
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