
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
Overall Subscription
0.00x
Total Demand
QIB Multiplier
0.00x
Institutions & Funds
NII / HNI
0.00x
High Net-Worth
Retail (RII)
0.00x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| Qualified Institutional (QIB) | 20,161,282 | — | 0.00x |
| Non-Institutional (NII / HNI) | 6,048,385 | — | 0.00x |
| Retail Individual (RII) | 14,112,897 | — | 0.00x |
| Total | 40,322,564 | 0 | 0.00x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 742,784 | 742,784 | 1.00x |
| HNIs (10L +) | 4,751 | 4,751 | 1.00x |
| HNIs (2-10L) | 22,738 | 22,738 | 1.00x |
| Total Applications | 770,273 | 770,273 | 1.00x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
Currently, Sterling and Wilson Solar Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹775 to ₹780 per equity share.
The retail lot size is 19 shares requiring a minimum application amount of ₹14,820. Expected listing price is ₹780 per equity share.
The Sterling and Wilson Solar Limited IPO aggregate issue size is ₹3,145.16 Crores with an equity price band set at ₹775 to ₹780 per equity share. The retail lot size is 19 shares requiring a minimum capital outlay of approx. ₹14,820.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 0.00x (Retail: 0.00x, QIB: 0.00x, NII: 0.00x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Link Intime India Private Ltd) and the BSE status verification website on or around 2019-08-16. Investors can verify status using PAN card or application number.
Sterling and Wilson Solar Limited shares are scheduled to list on NSE and BSE on 2019-08-20.