IPO update: Sona BLW

Sona BLW Precision Forgings (Sona Comstar) came out with its IPO about eight weeks ago. Value Research's analysis of the IPO can be found here. In this follow-up article, we focus on the IPO's performance, post-IPO events and changes in its valuations since then. Our analysis of the IPO We gave a score of 17 out of 27 to this auto-ancillary manufacturer when it came out with its IPO. The score was based on the company's presence in the high-growth market for electric vehicles (EVs), its strong management pedigree, moderate financial strength and expensive valuations. Although the auto-ancillary space is expected to be impacted by the advent of battery electric vehicles (BEV) and hybrid vehicles, Sona Comstar's key products such as differential gears and assemblies are not only immune to this disruption but also likely to thrive in such an environment. Co-owned by private-equity firm Blackstone, Sona be