
Power / 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: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹780
Band: ₹775 – ₹780
Estimated Listing Price
₹780
Upper price + GMP
Lot Size
19 shares
Min investment ₹14,820
Estimated Profit / Lot
₹0
19 × ₹0
Grey Market Premium trend
—
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | — | 0.0% | ₹780 |
| 30 Oct 2026 | — | 0.0% | ₹780 |
| 29 Oct 2026 | — | 0.0% | ₹780 |
GMP is unofficial market data. Not a guarantee of listing performance.
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.
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.
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.
The latest grey market premium for Sterling and Wilson Solar Limited IPO is ₹0, which indicates an expected listing price of ₹780.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.