Sterling and Wilson Solar Ltd IPO (Sterling and Wilson IPO) Detail

Sterling and Wilson Solar Ltd IPO (Sterling and Wilson IPO) Detail

Sterling and Wilson Solar Ltd IPO (Sterling and Wilson IPO) Detail

Sterling & Wilson is well known for, end-to-end solar EPC solutions provider, and was the world’s largest solar EPC solutions provider in 2018 based on annual installations of utility-scale Photo-voltaic (PV) systems of more than 5 megawatts (MW).  A couple of days back it launched a subscription for their IPO i.e on August 6. And the issue price was fixed at 775-780 a share, will be an offer-for-sale (OFS) and close on August 8.  According to the latest news, SWSL IPO gathers a 92% subscription on Thursday, which is the last day of the issue. The high net worth individual (HNI) portion of the issue was subscribed to 89 %, while the retail investor portion was subscribed 30%.

The IPO Shares of Sterling and Wilson Solar Ltd IPO is proposed to list on August 6, 2019, at BSE SME. The public issue of Sterling and Wilson Solar Ltd IPO was opened on Aug 6, 2019, and closed for subscription on Aug 8, 2019. The type of issue is Fixed Price Issue IPO, its size is 40,322,580 Eq Shares of Rs 1 (aggregating up to Rs 3,125.00 Cr)

Sterling and Wilson IPO Details

Issue Open Aug 6, 2019 – Aug 8, 2019
Issue Type Book Built Issue IPO
Issue Size 40,322,580 Eq Shares of ₹1
(aggregating up to ₹3,145.16 Cr)
Offer for Sale [.] Eq Shares of ₹1
(aggregating up to ₹3,125.00 Cr)
Face Value ₹1 Per Equity Share
Issue Price ₹775 – ₹780 Per Equity Share
Market Lot 19 Shares
Min Order Quantity 19 Shares
Listing At  BSE, NSE

Sterling and Wilson IPO Tentative Date / Timetable

Bid/Offer Opens On Aug 6, 2019
Bid/Offer Closes On Aug 8, 2019
Finalization of Basis of Allotment Aug 14, 2019
Initiation of Refunds Aug 16, 2019
A credit of Shares to Demat Acct: Aug 19, 2019
IPO Shares Listing Date: August 20, 2019

Sterling and Wilson IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding  75%

Sterling and Wilson IPO Subscription Status Live

Number of times issue subscribed at BSE and NSE
Day Date QIB NII RII Total
1 Aug 6, 2019, 17:00 0.06x 0.19x 0.06x 0.10x
2 Aug 7, 2019, 18:00 0.19x 0.68x 0.15x 0.32x
3 Aug 8, 2019, 17:00 1.02x 0.89x 0.30x 0.85x

Sterling and Wilson IPO Shares Offered

12,096,774 6,048,387 4,032,258 22,177,419

The above table provides the information of sterling & Wilson IPO subscribers whether they subscribe or not.   Bidding time of the IPO shares between 10 AM to 5 PM when the public issue is open. Sterling and Wilson IPO oversubscribed if bids are received for more shares than what is offered by the company. Last but not least you can get the three days IPO status in BSE and NSE.

Sterling and Wilson IPO Registrar

Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083Phone: +91-22-4918 6270
Email: [email protected]
Disclaimer: This post is just information about the IPO. It does not give any advice or recommendation. Please read the offer document carefully and consult your advisor before investing.

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  • […] Sterling & Wilson Solar IPO had opened for subscription from 6th August to 8th August. It was subscribed to 92 percent during this period. The IPO had comprised an offer for sale by promoters Shapoorji Pallonji and Khurshed Yazdi Daruvala Rs 2,083.00 crores, Rs 1,041.67 crore each. […]

  • […] Sterling & Wilson’s IPO does not offer a fresh issue. It comprised an offer for sale aggregating up to Rs 3,125 crore. The IPO raised Rs 1,406 crore from 27 anchor investors. […]

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