According to market experts investor who were allotted the shares in the IPO should hold the stock as there is a lot more coming up for the company
Sona BLW Precision Forgings (Sona Comstar) opened at Rs 301 per share on the National Stock Exchange, Rs 10 higher than the issue price of Rs 291
Sona BLW Precision Forgings received bids for 24.43 crore shares as against 10.71 crore shares on offer, according to the stock exchange data
The issue received bids for 2.91 crore shares as against 10.71 crore shares on offer
The auto ancillary firm has fixed the price band at Rs 285-291 per share. The public issue will close for subscription on Wednesday, June 16, 2021
Shyam Metalics, Sona Comstar will launch their IPOs on Monday, while Krishna Institute, Dodla Dairy will be open for subscription on Wednesday