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Pension Fund Regulatory and Development Authority Tag

Daily Market Analysis

Daily Market Analysis – 16th June 2021 (Company)

byKhushboo GuptaJune 15, 2021

Sona Comstar’s ₹5,550 crore IPO subscribed 27% on day 2. At a price band of ₹285-291, the IPO of the company is roughly valued at 76 times one-year forward earnings, making it one of the most expensive issues to hit the primary market in recent times. Analysts said Sona BLW is a play on the electric vehicle theme. They said while the IPO valuation appears rich but the auto component maker is...