IPO

Sterling and Wilson Solar Limited IPO

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Listed On: Aug 20, 2019 at ₹ 706

₹ 14820 /19 Shares

06 Aug, 2019

Open Date

08 Aug, 2019

Close Date

16 Aug, 2019

Allotment Date

20 Aug, 2019

Listing Date
IPO Issue Details
  • Issue Price Rs 775 - Rs 780 per Equity Share
  • Face Value Rs 1/- Per Equity Share 
  • Issue Price Offer for Sale of 4,00,64,102 Equity Shares of Rs 1/- at price of Rs 775 - Rs 780 aggregating up to Rs 3125 Cr
  • Listing at NSE, BSE ( B - Group )
  • List Price 706
  • Listing Date 2019-08-20
  • Lead Manager Axis Capital Limited, Credit Suisse Securities (India) Private Limited, Deutsche Equities India Private Limited, ICICI Securities Limited, IIFL Holdings Limited, IndusInd Bank Limited, SBI Capital Markets Limited, Yes Securities (India) Limited
  • Registrar Link Intime India Private Limited
IPO Details
  • Retail Portion N/A
IPO Details


The IPO of is priced at ₹775 - 780 per equity share, which has a face value of Rs 1/- Per Equity Share  each, IPO bidding starts from Aug 6, 2019 and ends on Aug 8, 2019. The allotment for IPO will be finalized on Aug 16, 2019. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Aug 20, 2019. The company shall list its equity shares on the NSE, BSE ( B - Group ). Link Intime India Private Limited is the registrar of the issue.

The book-running lead manager for the IPO is/are Axis Capital Limited, Credit Suisse Securities (India) Private Limited, Deutsche Equities India Private Limited, ICICI Securities Limited, IIFL Holdings Limited, IndusInd Bank Limited, SBI Capital Markets Limited, Yes Securities (India) Limited.


The IPO sets its price band at 775 - 780 for each share. A single application for Sterling and Wilson Solar Limited IPO must contain at least 19 shares.

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IPO Subscription Analysis And Details
Retail
11.00x
QIB
1.00x
NII
54.00x
Total
1.00x
As on QIB NII Retail Total
Shares Offered / Reserved 1,20,96,774 60,48,386 40,32,258 2,21,77,418
Day 1 06-08-19
7,00,416 0.06 x 11,68,994 0.20 2,36,854 0.06 x 21,06,264 0.09 x
Day 2 07-08-19
23,43,878 0.19 x 41,40,689 0.69 6,21,300 0.15 x 71,05,867 0.33 x
Day 3 08-08-19
1,23,32,273 1.02 x 54,06,697 0.89 11,93,865 0.30 x 1,89,32,835 0.85 x
Valuations
Earnings Per Share (EPS) Rs 39.85
P/E Ratio 19.57
RoNW 62%
Net Asset Value (NAV) - As on 31.03.19 Rs 63.79
IPO - Issue Objectives
1

Offer for Sale(a) To carry out the disinvestment of Equity Shares by the Selling Shareholder in the company. (b) To achieve the benefits of listing the Equity Shares on the Stock Exchanges.

2

Fresh Issue(a) Funding the working capital requirements of our Company.(b) General corporate purposes.

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