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:
||Sterling and Wilson Solar Limited (View Report)
||100% Book Built Issue IPO
||Issue Opens: Aug 06, 2019
| Issue Closes: Aug 08, 2019
||Rs.775* - Rs.780^ per Equity Share
||Rs.10 per Equity Share
||19 Equity Shares and in multiples thereof
|Maximum Bid amount for Retail
||Rs. 2 Lakhs
||75% of the issue size (3,02,41,935* - 3,00,48,077^ Equity Shares)
||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)
||NSE & BSE
||All Retail Applications compulsorily in UPI Mode
||Link Intime India Pvt. Ltd.
|Book Running Lead Managers
||Indusind Bank, Yes Securities
* Lower Price Band; ^ Upper Price Band