Moneycontrol
HomeNewsBusinessIPOAhead of IPO, Sona Comstar mops up Rs 2,498 crore from anchor investors
Trending Topics

Ahead of IPO, Sona Comstar mops up Rs 2,498 crore from anchor investors

Sona Comstar has finalised the allocation of 8,58,24,742 equity shares to 56 anchor investors at a price of Rs 291 per share.

June 12, 2021 / 07:35 IST
Story continues below Advertisement

Representative image

Blackstone-backed Sona BLW Precision Forgings garnered Rs 2,497.5 crore from anchor investors on June 11, a day ahead of its public issue. With this, the company has already raised 45 percent of funds out of the total issue size of Rs 5,550 crore.

Sona Comstar informed bourses that it has finalised the allocation of 8,58,24,742 equity shares to 56 anchor investors at a price of Rs 291 per share.

Story continues below Advertisement

Government of Singapore Investment Corporation (GIC), and the Monetary Authority of Singapore (MAS) together made an investment of Rs 401.5 crore in the company through the anchor book.

Other foreign portfolio investors such as Nomura Asset Management, Fidelity, Eastspring Investments, Goldman Sachs Asset Management, Amundi, RWC Funds, Thornburg Developing World Fund, Morgan Stanley, Societe Generale, and Integrated Core Strategies Asia also participated significantly.