Comments
Shares of auto component maker Sona BLW Precision Forgings listed with a premium of nearly 4 per cent on Thursday against its issue price of ₹291.
The stock debuted at ₹302.40, registering a gain of 3.91 per cent from the issue price on the BSE. As the trade progressed, it went to a high of ₹333.35, up 14.55 per cent.
On NSE, it listed at ₹301, a gain of 3.43 per cent.
Also read: India Pesticides raises Rs 240 crore from 12 anchor investors
The initial public offer of Sona BLW Precision Forgings (Sona Comstar) was subscribed 2.28 times last week.
Price range for the offer was fixed at ₹285-291 per share.
The company is into designing, manufacturing, and supplying highly engineered critical automotive systems and components such as differential assemblies, differential gears, conventional and micro-hybrid starter motors, BSG systems, EV traction motors, and motor control units.
It supplies components to automotive OEMs (original equipment manufacturers) across the US, Europe, India, and China, for both electrified and non-electrified power-train segments and is not dependent on a single product, vehicle segment, customer, or geography.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.