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STERLING AND WILSON SOLAR LIMITED is a global pure-play, end-to-end solar engineering, procurement and construction (“EPC”) solutions provider, and were the world’s largest solar EPC solutions provider in 2018 based on annual installations of utility-scale photovoltaic (“PV”) systems of more than five mega-watt peak (“MWp”), according to IHS Markit.

The Company commenced operations in 2011 as the Solar EPC Division of SWPL and demerged from SWPL with effect from April 1, 2017. Over a span of seven years, it became the largest solar EPC solutions provider in each of India, Africa and the Middle East according to IHS Markit in 2018 and currently has a presence across 26 countries.

In Fiscals 2018 and 2019, company revenue from operations outside India accounted for 59.11% and 69.82% of its total revenue from operations, respectively. It often receives repeat orders from its customers and as of March 31, 2019 customers in India and outside India for whom it has executed more than one project constituted 83.26% and 64.35% of its total commissioned solar capacity, respectively.

Sterling and Wilson Solar Limited IPO - Issue Details:

Issuer Sterling and Wilson Solar Limited (View Report)
Issue Type 100% Book Built Issue IPO
Issue Period Issue Opens: Aug 06, 2019
Issue Closes: Aug 08, 2019
Price Brand Rs.775* - Rs.780^ per Equity Share
Issue Size Rs.3,125 Crores
Face Value Rs.10 per Equity Share
Bit Lot 19 Equity Shares and in multiples thereof
Maximum Bid amount for Retail Rs. 2 Lakhs
QIB 75% of the issue size (3,02,41,935* - 3,00,48,077^ Equity Shares)
HNI 15% of the issue size (60,48,387* - 60,09,615^ Equity Shares)
Retail Individual Bidders 10% of the issue size (40,32,258* - 40,06,410^ Equity Shares)
Listing NSE & BSE
UPI All Retail Applications compulsorily in UPI Mode
Registrar Link Intime India Pvt. Ltd.
Book Running Lead Managers Indusind Bank, Yes Securities
* Lower Price Band; ^ Upper Price Band


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