Sona Comstar receives SEBI nod for ₹6,000 crore IPO May 11, 2021 × The automotive technology company is into designing, manufacturing and supply of mission-critical automotive systems and components. PE firm Blackstone-promoted automotive supplier Sona BLW Precision Forgings Ltd has received capital markets regulator’s approval for its ₹6,000-crore initial public offering (IPO). The public offer comprises a fundraise through the issuance of new shares of up to ₹300 crore and ₹5,700 crore through an offer-for-sale by shareholder Singapore VII Topco III, an affiliate of The Blackstone Group. More . Between FY16-20, the company total operating income grow at a compounded annual growth revenue of 10.9 per cent.