Sterling and Wilson Solar Limited
ListedMainboardPower / Renewable Energy · NSE / BSE
Sterling & Wilson Solar Limited (SWSL), incorporated in 2017 and based in Mumbai, specializes in providing solar engineering, procurement, and construction (EPC) solutions. The company focuses primarily on utility-scale solar power projects, managing them from initial planning and design to final commissioning. It also offers operations and maintenance (O&M) services for third-party projects. Originally functioning as the Solar EPC division of Sterling and Wilson Private Limited (SWPL) since 2011, the company became an independent entity following a demerger on April 1, 2017. Before the demerger, it operated under the name Rashmika Energy Private Limited. According to IHS Markit, SWSL was recognized as the world’s largest solar EPC provider in 2018 based on the volume of utility-scale photovoltaic system installations. The company now operates in 26 countries and delivers customized solar solutions to its clients. SWSL follows a hub-and-spoke model, where India serves as the central hub for the entire supply chain, including engineering, design, and collaboration with third-party subcontractors and suppliers. The company focuses on enhancing the performance of solar projects by offering cost-effective, innovative designs supported by a skilled design and engineering team, which includes 138 professionals dedicated to engineering and design work.
Price Band
₹775 – ₹780
Issue Size
₹3145 Cr
Lot Size
19 shares
GMP
—
Est. Listing
₹780
at current GMP
Subscribed
—
Open
6 Aug 2019
Close
8 Aug 2019
Allotment
16 Aug 2019
Refund
17 Aug 2019
Demat Credit
18 Aug 2019
Listing
20 Aug 2019
Last updated 12 days ago
Official Registrar Verification
Sterling and Wilson Solar Limited Allotment Status
Designated Registrar: Link Intime India Private Ltd
Allotment Date
16 Aug 2019
Basis finalization
Refunds Initiate
17 Aug 2019
Mandate release
Demat Credit
18 Aug 2019
Shares in demat
Listing Debut
20 Aug 2019
Trading begins
How to Check Sterling and Wilson Solar Limited IPO Allotment Status
- Click the Check on Registrar button above to visit Link Intime India Private Ltd's allotment portal.
- Select Sterling and Wilson Solar Limited from the dropdown company list.
- Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
- Enter your details accurately and solve the Captcha code.
- Click Submit / Search to view the number of shares applied and allotted to you.
About Sterling and Wilson Solar Limited Public Issue & Market Profile
Sterling and Wilson Solar Limited is bringing an initial public offering (IPO) in the Power / Renewable Energy sector with an aggregate issue size of ₹3,145.16 Crores. The shares are offered at a price band of ₹775 to ₹780 per equity share on NSE and BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
Public Issue & Allotment Procedure:
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Official Allotment Timelines & Registrar Guidance:
Following the close of bidding on 2019-08-08, the basis of allotment is scheduled to be finalized on 2019-08-16. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Ltd) or the BSE allotment checking window.
Frequently Asked Questions
What if my name is not showing on the registrar portal?
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
How will I receive the refund if I don't get allotment?
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.