Sterling & Wilson Solar Limited IPO
Sterling & Wilson Solar Limited was a mainboard IPO, offered at ₹775–₹780 per share to raise ₹1,406 crore. The issue was subscribed 0.85× overall (QIBs 1.02×, NIIs 0.89×, retail 0.3×). It listed on 20 Aug 2019 and closed its first day at ₹700, a listing loss of -10.3% versus the ₹780 issue price.
Frequently asked questions
- How many times was the Sterling & Wilson Solar Limited IPO subscribed?
- The Sterling & Wilson Solar Limited IPO was subscribed 0.85× overall — 1.02× in the QIB category, 0.89× among non-institutional investors, 0.3× in retail.
- What were the Sterling & Wilson Solar Limited IPO listing gains?
- Sterling & Wilson Solar Limited listed on 20 Aug 2019, closing its first day at ₹700 — a listing loss of -10.3% versus the ₹780 issue price.
- What were the retail allotment odds for the Sterling & Wilson Solar Limited IPO?
- Retail was subscribed 0.3×, so a single-lot application had roughly a 100% chance of allotment — most applicants were allotted, and allotment was finalised on 14 Aug 2019.
- What was the price band and lot size of the Sterling & Wilson Solar Limited IPO?
- The price band was ₹775–₹780 per share, with a minimum lot of 19 shares (₹14,820 at the upper band).
- Who were the registrar and lead manager for the Sterling & Wilson Solar Limited IPO?
- Link Intime India Private Limited was the registrar, and Indusind Bank was the book-running lead manager.