Sterling and Wilson Solar ipo to hit the market on 06-August and closes on 08-August. Its Shapoorji Pallonji Group’s solar engineering, procurement, and construction (EPC) business company. The company promoters to sell Rs.4500 crore worth shares in IPO. The Shapoorji Pallonji and Company holds 65.77% stake in the company. The Mistry and Daruvala families have been partners in Sterling and Wilson for 3 generations. The company shown a superb growth in last 5 years. They had 1760 crore turnover in 2012 which crossed over 10000 crore in March 2018. The company operates in India, Middle East, Africa, Australia, Europe, the USA, and South America. They provide DG sets, Gas based power plants, Waste to Energy, Turnkey data centers, Transmission & Distribution and Solar EPC. With its recent foray into Wind and Energy Storage, Sterling and Wilson is perfectly poised to play a pivotal role in the global trend of moving away from thermal plants to a future of renewable energy with storage. Checkout for Sterling and Wilson Solar ipo dates, price band and market lot details.
Sterling and Wilson Solar IPO Review:
- Apply for Listing Gain & Long Term Gain
Sterling and Wilson Solar IPO Dates & Price Band: (Tentative)
| IPO Open: | 06-Aug-2019 |
| IPO Close: | 08-Aug-2019 |
| IPO Size: | Approx Rs.3125 Crore (Approx) |
| Face Value: | Rs.1 Per Equity Share |
| Price Band: | Rs.775-780 Per Share |
| Listing on: | BSE & NSE |
| Retail Portion: | 10% |
| Equity: | - Shares |
Sterling and Wilson Solar IPO Market Lot:
- Shares: Apply for 19 Shares (Minimum Lot Size)
- Amount: Rs.14,820
Sterling and Wilson Solar IPO Allotment & Listing:
- Basis of Allotment: 14-August-2019
- Refunds: 16-August-2019
- Credit to demat accounts: 19-August-2019
- Listing: 20-August-2019
Sterling and Wilson Solar Financial:
| Rs. in Crore | |||||
| Revenue | Expense | PAT | |||
| 2015 | - | - | - | ||
| 2016 | 2747 | 2551 | 125.4 | ||
| 2017 | 1650 | 1585 | 31.4 | ||
| 2018 | 6884 | 6334 | 450.5 | ||
| 2019 | 8450 | 7598 | 638.2 | ||
Company Promoters:
- Shapoorji Pallonji and Company Private Limited
- Khurshed Yazdi Daruvala
Sterling and Wilson Solar IPO Registrar:
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai - 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: sterlingwilson.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
Company Address:
Sterling and Wilson Pvt. Ltd.
Universal Majestic, 9th Floor
P. L. Lokhande Marg
Chembur(West), Mumbai – 400 043
Maharashtra, India
Telephone: +91-22-25485300
Fax: +91-22-25485331
Email: mumbai@sterlingwilson.com
Website- https://sterlingandwilson.com
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Sterling and Wilson Solar Limited commenced operations in 2011 as the Solar EPC Division of Sterling and Wilson Private Limited and was subsequently demerged in 2017. Over a span of seven years, and became the largest solar EPC solutions provider in each of India, Africa, and the Middle East according to IHS Markit in 2018.
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