Sterling And Wilson Solar Limited is likely to get list at stock exchange platform for trading in Secondary market. Interested investors can fetchrelated details like Price Band and Dates of the IPO, Company Profile, Allotment Status, Listing Dates etc. The firm has drafted a Red Herring Prospectus and got approval for the same from the Regulatory firm Securities Board of India. The IPO is scheduled for August 6, 2019 with a price band of Rs. [775-780] per equity share. The lot size of applying the IPO is for 19 shares. One can apply via UPI and ASBA to avail the benefit of listing this IPO. The maximum application of amount for retail investor stood at Rs. 2 lacs.
Company profile:-
Incorporated on 2017, Mumbai based Sterling & Wilson Solar Limited (SWSL) is engaged in providing solar engineering, procurement and construction (EPC) solutions to the end-users. SWSL is focused on utility-scale solar power projects and manages the solar projects from conceptualizing to commissioning. It provides operations and maintenance (O&M) services for the 3rd party projects as well. It was previously named as Rashmika Energy Private Limited.
The company started its operation as a Solar EPC Division of SWPL in 2011 and demerged on April 1, 2017. According to IHS Markit, the company was the world’s largest solar EPC solutions provider in 2018 based on annual installations of utility-scale PV systems. Currently, it has a wide presence across 26 countries.
Positive Outlook of the Firm:-
- World’s largest solar EPC solutions provider
- A dedicated design and engineering team
- Takes benefits of the brand image of the SP group and S&W
- Strong financial performance
- Strong promoter
Objects Of The Issue:-
Below are the objects of Fresh issue:-
- To get the advantage of listing the equity shares on the Stock Exchanges and,
- The IPO size is now pegged at Rs 3,125 crore, down from the planned Rs 4,500 crore when it filed its proposal.
- General corporate purposes.
Summary Of Issue:
| Issue Open: – | August 6, 2019-August 8, 2019 |
| Issue Type | Book Built Issue IPO |
| Issue Size (Value) | Offer for Sale of Equity Shares aggregating upto Rs.3,125 Cr |
| Face Value | Rs. 1 Per Equity Share |
| Issue Price | Rs. [775-780]Per Equity Share |
| Market lot | 19 Shares |
| UPI | All Retail Applications compulsorily in UPI Mode |
| Minimum Order Quantity | 19 Shares |
| Listing At | BSE, NSE |
(*) indicates to be updated)
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Sterling And Wilson Solar Limited IPO Subscription Details
| Category | Allocation | Lower Band | Upper Band |
| Qualified Institutional Buyers (QIB) | 75% | 30,048,077 | 30,241,935 |
| Non Institutional Buyers(NIB) | 15% | 6,009,615 | 6,048,387 |
| Retail Individual Buyers(RIB) | 10% | 4,006,410 | 4,032,258 |
| . | . | ||
| Total | 100% |
Important dates for Sterling And Wilson Solar Limited Allotment
Sterling And Wilson Solar Limited IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced. Important Tantatives dates for Sterling and Wilson Solar Limited IPO are:
- The Allotment date for Sterling And Wilson Solar Limited IPO issue is expected on August 6,2019.
- IPO issue is closes on August 8,2019.
- The amount will get unblocked on August 14,2019.
- The Shares are expected to credit in DP accounts on August 19,2019.
- The Shares of Sterling And Wilson Solar Limited is likely to get listed on August 20,2019. on both BSE and NSE.
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Check Sterling And Wilson Solar Limited IPO Allotment Status
Sterling And Wilson Solar Limited allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.
One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-
- To Check Sterling And Wilson Solar Limited Allotment Status
- Go to Application Status
- Select IPO as Sterling And Wilson Solar Limited
- Enter your PAN Number or Application Id or DP Client Id.
It takes little time to fetch information so you need to be little patient.
Download “Sterling And Wilson Solar Limited” IPO Application Form
From BSE: click here
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Promoters Of The Company:-
1) Shapoorji Pallonji & Co Pvt Ltd
2) Khurshed Yazdi Daruvala.
Financials:-
Financials:- (Restated Consolidated Financial Record)
| Particulars | For the year/Period ended (Rs. in Million) | ||||
| Financial Year | 31-Mar-19 | 31-Mar-18 | 31-Dec-17 | ||
| Total Assets | 53,919.19 | 49,203.81 | 35,701.70 | ||
| Total Revenue | 82,404.08 | 68,717.08 | 32,324.81 | ||
| Profit After Tax | 6,382.33 | 4,505.35 | 1,733.62 | ||
1) ICICI Securities Limited,
Lead Manager Details: –
Axis Capital Ltd
Credit Suisse Securities (India) Pvt Ltd
Deutsche Equities India Pvt Ltd
ICICI Securities Ltd
IIFL Holdings Ltd
Indusind Bank Ltd
SBI Capital Markets Ltd
Yes Securities (India) Ltd
Registrar to The Issue: –
Link Intime India Private Limited
Registered Office Details:-
9th Floor Universal Majectic
P L Lokhande Marg Chembur (W)
Mumbai – 400043, Maharashtra, India.
Phone : 91-22-2548 5300 Fax : —
Email : ir@sterlingwilson.com
Website : www.sterlingandwilsonsolar.com
For More Details Contact us 011-42445800 / 9650901058
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