STERLING & WILSON SOLAR IPO
About Company STERLING & WILSON SOLAR permalink
STERLING & WILSON SOLAR was established in 2011 . Currently, it is having head office in Mumbai-400 043. STERLING & WILSON SOLAR works in the sector of Sterling & Wilson Solar Limited (SWSL) is engaged in power solar sector. . STERLING & WILSON SOLAR has experience of 9 yrs .
Sterling & Wilson Solar Limited (SWSL) is engaged in providing solar engineering, procurement and construction (EPC) solutions to the end-users. Sterling & Wilson Solar Limited Company's 32 offices are in the foreign countries and 16 offices are in India. Statistical data are good for annual revenue and net profit. Thus, possibility to stand in market. But people's view are not satisfy.
Total annual revenue is Rs.8,240 Cr. on 31-3-2019. Total annual revenue is Rs.638 Cr. on 31-3-2019. The promoters of the Company are Shapoorji Pallonji and Company Pvt. Ltd and Khurshed Yazdi Daruvala.
- Email : Email: ir@sterlingwilson.com
- Website : https://sterlingandwilson.com/
- Phone : +91 22 2548 5300
STERLING & WILSON SOLAR IPO Details permalink
STERLING & WILSON SOLAR IPO issue open date is 6th August 2019 and close date is 8th August 2019 . The face value for STERLING & WILSON SOLAR IPO is Rs 1 per equity share. The total IPO size is approx Rs 3125.00 crore.
The price band for STERLING & WILSON SOLAR is Rs 775 to Rs 780. The lot size for STERLING & WILSON SOLAR IPO is a minimum of 19 shares to maximum 247 shares. This IPO will be listed on BSE and NSE. STERLING & WILSON SOLAR IPO total equity is 40322580 shares.
STERLING & WILSON SOLAR IPO Date and Price Band permalink
| IPO Open: | 6th August 2019 |
| IPO Close: | 8th August 2019 |
| Price Band: | Rs 775 to Rs 780 |
| Face Value: | Rs 1 per equity share |
| IPO Size: | Rs 3125.00 crore |
| Listing on: | BSE and NSE |
| Retail Portion: | 18.18% |
| Equity (Issue Size): | 40322580 Shares |
STERLING & WILSON SOLAR IPO Market Lot and Investment Amount permalink
To invest in STERLING & WILSON SOLAR's initial public offering starting from 6th August 2019 you need to invest minimum Rs 14725, however you can also invest up to Rs 192660, considering the upper price of IPO Rs 780 and maximum allottable shares (247 shares). To apply for the maximum number of share you need to bid for 13 lots, one lot is having 19 shares.
| Minimum Lot Size: | 19 shares (1 Lot) |
| Maximum Lot Size: | 247 shares (13 lots) |
| Minimum Investment: | Rs 14725 |
| Maximum Investment: | Rs 191425 |
STERLING & WILSON SOLAR IPO Subscription Status permalink
STERLING & WILSON SOLAR IPO was subscribed only 0.85 Times i.e. Under subscribed times. Which is considered as a poor subscription compared to other IPOs. Qualified Institutional Buyers (QIBs) like banks, mutual funds and other registered financial institutes were reserved for 12096774 shares and received bids for 12338709 shares which is 1.02 times of total meant for QIB category.
STERLING & WILSON SOLAR's IPO was subscribed 9% on the first day.
Non Institutional Investors (NII) includes individuals , companies trusts who bid for more than 2 lakhs. The total number of shares reserved for NII investors were 6048386 and bid for 5383064 shares received . Bid from NII for STERLING & WILSON SOLAR's IPO is 0.89 times of total meant for NII category.
Retail Individual Investors (RIIs) includes individuals investors who can apply up to Rs 2,00,000 in IPO . The total number of shares reserved for RII investors were 4032258 and bid for 1209677 shares received . Bid from RII for STERLING & WILSON SOLAR's IPO is 0.3 times of total meant for RII category.
The total number of shares offered were 22177419 and bid for 18850806 shares received .
| Qualified Institutional Buyers (QIBs) | |
|---|---|
| Shares Allotted: | 12096774 shares |
| Shares Bid Received: | 12338709 shares |
| Over Subscription in QIB: | 1.02 times |
| Non Institutional Investors (NIIs) | |
| Shares Allotted: | 6048386 shares |
| Shares Bid Received: | 5383064 shares |
| Over Subscription in NII: | 0.89 times |
| Retail Individual Investors (RIIs) | |
| Shares Allotted: | 4032258 shares |
| Shares Bid Received: | 1209677 shares |
| Over Subscription in RII: | 0.3 times |
| Total | |
| Total Shares Allotted: | 22177419 shares |
| Total Shares Bid Received: | 18850806 shares |
| Over Subscription Total: | 0.85 Times i.e. Under subscribed times |
STERLING & WILSON SOLAR IPO Allotment and Listing permalink
STERLING & WILSON SOLAR IPO got listed on . STERLING & WILSON SOLAR IPO listed with -10.26% Loss on NSE (SWSOLAR) at Rs 706 and BSE (542760) at Rs 700. The allotment ratio for the STERLING & WILSON SOLAR IPO remains at 61.
| Listing Date: | |
| Issue Price: | Rs 780 |
| BSE Listing Price: | Rs 700 |
| NSE Listing Price: | Rs 706 |
| Return (In Rupees): | Rs -80 |
| Return (In Percentage): | -10.26% |
| Sector : | Solar power sector |
| BSE Group : | B |
| BSE Code: | 542760 |
| NSE Code: | SWSOLAR |
| ISIN : | INE00M201021 |
STERLING & WILSON SOLAR IPO FAQ permalink
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542760.