IPO

Sterling and Wilson Solar Limited IPO

Mainboard

Listed On: Aug 20, 2019 at ₹ 706

₹ 14820 /19 Shares

IPO Details

06 Aug, 2019

Open Date

08 Aug, 2019

Close Date

16 Aug, 2019

Allotment Date

20 Aug, 2019

Listing Date

Issue Price

Rs 775 - Rs 780 per Equity Share

Face Value

Rs 1/- Per Equity Share 

Listing at Group

NSE, BSE ( B - Group )

Registrar

Link Intime India Private Limited

List Price

706

Listing Date

2019-08-20

Market Lot

19 Shares ( Rs 14,820/- )

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

Issue Size

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

Retail Portion

N/A

Subscription

1,89,32,835 0.85 times

IPO Docs

No related IPO documents available.

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 Details

As onQIBNIIRetailTotal
Shares Offered / Reserved1,20,96,77460,48,38640,32,2582,21,77,418
Day 1 - 06-08-197,00,416 0.06 x11,68,994 0.202,36,854 0.06 x21,06,264 0.09 x
Day 2 - 07-08-1923,43,878 0.19 x41,40,689 0.696,21,300 0.15 x71,05,867 0.33 x
Day 3 - 08-08-191,23,32,273 1.02 x54,06,697 0.8911,93,865 0.30 x1,89,32,835 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

Company Financials All values are in ₹ Cr.

- Peers Comparison

P/B RatioP/E RatioRoNWNet Worth
IndoStar Capital Finance Ltd2.1724.7311.08%719.92
L&T Finance Holdings Ltd3.3433.2011.44%314.89
Piramal Enterprises Ltd3.0135.908.41%8737.40
Aditya Birla Capital Ltd2.9825.158.04%5885.87
Capital First Ltd2.7225.1210.37%2800.86
Shriram Trasport Finance Co. Ltd3.2328.9011.17%10,904.47
Sundaram Finance Ltd4.0928.7914.19%5633.21
Cholamandalam Investment and Finance Company Ltd6.2837.7716.63%4696.85
Repco Home Finance Ltd3.5121.5016.32%1045.89

IPO - Ratings

MEHTA EQUITIESSUBSCRIBE FOR LONG TERM
MOTILAL OSWALSUBSCRIBE FOR LONG TERM
CENTRUM WEALTH MANAGEMENT LTDSUBSCRIBE FOR LONG TERM
CHOICE BROKINGSUBSCRIBE WITH CAUTION

- Promoter(s)

Company Promoter(s)
  1. Shapoorji Pallonji and Company Private Limited
  2. Khurshed Yazdi Daruvala

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.

IPO - FAQs

Ans. Sterling and Wilson Solar Limited IPO is a Mainboard IPO. The issue is priced at Rs 775 - Rs 780 per Equity Share. The minimum order quantity is 19 Shares. The IPO opens on Aug 6, 2019, and closes on Aug 8, 2019. Link Intime India Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE, BSE ( B - Group ).

Ans. The Sterling and Wilson Solar Limited IPO opens on Aug 6, 2019 and closes on Aug 8, 2019.

Ans. The size of Sterling and Wilson Solar Limited IPO is 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.

Ans. The IPO price band is set between Rs 775 - Rs 780 per Equity Share.

Ans. To apply for Sterling and Wilson Solar Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find Sterling and Wilson Solar Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of Sterling and Wilson Solar Limited IPO is Aug 16, 2019.

Ans. The Sterling and Wilson Solar Limited IPO will be listed on Aug 20, 2019.

Ans. Follow the steps to check the allotment status for Sterling and Wilson Solar Limited IPO here.