Sterling and Wilson Solar IPO, IPO Review, Dates, Price Bands and Market Lot
IPO stands for Initial public offering. In the year 2019, many companies made a stellar debut on a stock exchange
The exciting news for the investors is sterling and Wilson solar has received approval from the market regulator SEBI to float its Rs 3125 crore IPO.
ICICI Securities, Axis Capital, Credit Suisse Securities (India), Deutsche Equities India, IIFL Holdings and SBI Capital Markets are the global coordinators and book running lead managers to the issue.
Our today’s post is customized on sterling and Wilson IPO. The offer is likely to release at the end of July.
The Sterling and Wilson had filed its draft red hiring prospectus for the IPO with Sebi on April 15 this year.
Sebi observation is necessary for any company to launch public issue such as IPO, follow-on public offer (FPO) and rights issue.
The shares of sterling and Wilson are proposed to be listed on BSE and NSE.
The company’s order book was Rs 4,309.09 crore as of December 31, 2018
The promoter of the company is “Shapoorji Pallonji Group”.ICICI Securities, Axis Capital, Credit Suisse Securities (India), Deutsche Equities India, IIFL Holdings, SBI Capital Markets are the global coordinators and book running lead managers
Stay tuned in the end to learn about “Sterling and Wilson IPO details. So, without any further delay let’s get started
About Sterling and Wilson Company
The company proffer EPC services specifically to the utility-scale solar power projects with a major emphasis on project design and engineering and maintain all aspects of project execution from conceptualizing to commissioning. They also provide O&M services, including for projects constructed by third-parties.
The company commenced its operation in the year 2011 the solar Engineering, Procurement and Construction (EPC) division of Sterling and Wilson Private Limited (SWPL) and was demerged into a separate entity called Sterling and Wilson Solar Limited in April 2017.
The company has a presence across 26 countries. The company had 183 commissioned and contracted solar power projects with an aggregate capacity of 6,062.83 MWp.
The company also proffer a range of customized solution for solar power products. It also dispenses operation and maintenance service 0&M.
It leads the complete supply chain from India, including the design and engineering function and indulge a few suppliers and third-party subcontractors and produce part of the raw materials for their operations locally in each of their markets, where there is a cost advantage or to comply with local regulations.
The shares of the company are proposed to be listed on NSE and BSE.
Sterling and Wilson Solar IPO Offer Details or Issue Details
| Issuer | Sterling and Wilson Solar IPO (View Report) | |
| Issue Type | 100% Book Built Issue IPO | |
| Issue Period | Issue Opens: Aug 6, 2019 | |
| Issue Closes: Aug 8, 2019 | ||
| Price Brand | Rs.775* – Rs.780^ per Equity Share | |
| Issue Size | Rs.3125 Crores | |
| Face Value | Rs.1 per Equity Share | |
| Bit Lot | 19 Equity Shares and in multiples thereof | |
| Maximum Bid amount for Retail | Rs. 2 Lakhs | |
| Institutional | 75% of the issue size (Rs. 2343.75 CR) | |
| Corporate | 15% of the issue size (Rs. 468.75 CR) | |
| Retail Individual Bidders | 10% of the issue size (Rs. 312.50 CR) | |
| Listing | NSE & BSE | |
| UPI | All Retail Applications compulsorily in UPI Mode | |
| Registrar | Link Intime India Pvt Limited | |
| Book Running Lead Managers | ICICI Securities & SBI Capital | |
| Grey Market Price | SWSL IPO Grey Market Premium | |
Sterling and Wilson IPO Dates & Price Band
The face value of each share is Rs 10, but the price band of the IPO is not yet revealed
- IPO Open: Aug 6 2019
- IPO Close: Aug 8, 2019
- IPO Size: Approx 3125-Crore
- Face Value: 1
- Price Band: 775 – 780
- Listing on: BSE & NSE
- Retail Portion:
- Equity: No. Shares
- Tips for Investing in SWSL IPO
Sterling & Wilson Solar IPO Market Lot
- Shares: Apply for Shares (Minimum Lot Size)
- Amount: ₹14,820—
Sterling & Wilson IPO Allotment & Listing
- The basis of Allotment: 2019
- Refunds: 2019
- Credit to demat accounts: 2019
- Listing: 2019
Sterling and Wilson IPO Subscription
| Day / Date | QIB | NII | RII | Employee | Total Subscription |
| 1st Day – Apr 5 | x | x | x | x | x |
| 2nd Day – Apr 8 | x | x | x | x | x |
| 3rd Day – Apr 9 | |||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Sterling and Wilson IPO Allotment Status
Here, you can refer the table to know the allotment status of this IPO.
| The basis of Allotment Finalization | 2019 |
| Refunds Initiation | 2019 |
| The credit of Shares to Demat Account | 2019 |
| Share Listing Date | 2019 |
The investor is keen to know the earning profile and asset quality.
The global end-to-end solar EPC solutions provider reported a 98 percent growth in its net profit at Rs 343 crore in the first nine months of 2018-19, while revenue rose 83 percent to Rs 5,915 crore.
As of December 31, 2018, the company’s order book stood at Rs 4,309.09 crore, while it had 183 commissioned and contracted solar power projects with a total capacity of 6,062.83 megawatts (MW).
Sterling and Wilson Solar IPO Review & Ratings
| IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 7.5/10 |
| Industry Ranking | 7.1/10 |
| Company Background | 7.3/10 |
| Company Reputation | 7.2/10 |
| Competitive Edge | 7.7/10 |
| Financial Statements | 7.1/10 |
| Popularity Index | 7.4/10 |
| Promoters Reputation | 7.7/10 |
| Retail Appetite | 7.1/10 |
| Top Brokers Review | 7.9/10 |
| Overall Ratings | 7.4/10 |
| Star Ratings | ★★★★☆ |
How to Apply for Sterling and Wilson solar IPO?
The investors can approach the brokers if they wish to apply for the Sterling and Wilson IPO.
If you hold a Demat account, you can apply for IPO via online mode.
Online method
You will need an online banking facility or the net banking facility attached to your bank account.
- Sign in to your bank account.
- In the menu on the left-hand side, you will see a request button, clicking which you will get the link as “IPO Application”.
- Select the IPO you want to apply for and place the bid. You can mention up to 3 bids.
- Fill your depository details and then place and confirm the order.
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IPO Allotment Status
What is IPO Allotment?
IPO allotment is a procedure in which the registrar to the offer with the help of the lottery system finalizes the procedure of allocating the IPO shares to the individuals who have applied for the IPO subscription.
It is an uncomplicated allotment process that takes place within the 1-week n IPO release date for all Large-Cap IPOs. For SME IPOs it takes time only in few cases wherein the subscription is not met up to a particular threshold or for few other concern.
But in most of the cases, the allotment status is out within 1 week.
Sterling and IPO allotment status will be updated soon.
Sterling and Wilson Solar Limited – Financial Statements
On the basis of Standalone statement:-
| Amount (in INR & million) | |||
| 31-Dec-18 | 31-Mar-18 | 31-Dec-17 | |
| Total Assets | 49,203.81 | 35,701.70 | 47,873.29 |
| Total Revenue | 68,844.20 | 32,414.50 | 60,817.60 |
| Total Expense | 63,339.57 | 30,196.47 | 56,049.11 |
| Profit After Tax | 4,540.92 | 1,821.41 | 3,433.81 |
Earnings per Equity Share (in million)
| 31-Dec-18 | 31-Mar-18 | 31-Dec-17 | |
| Basic & Diluted | 21.40 | 29.97 | 10.98 |
From the above statements, we can analyze that the Sterling and Wilson Solar Limited may perform competently.
Sterling and Wilson Solar IPO – Promoters
The Promoter of this company is:
- Shapoorji Pallonji and Company Private Limited
- Khurshed Yazdi Daruvala
List of Related Parties (Key Managerial Personnel)
The parties who hold the Key position
- Bahadur Dastoor – CFO
- Jagannadha Rao Ch. V – Compliance officer & CS
Sterling and Wilson Solar IPO – Basis of the Offer Price
Qualitative Factors
- Complete end to end EPC solution provider with a global execution track record.
- Powerful relationship with customers and another key shareholder
- Deliberated design and engineering team focused on innovation and developing efficient and cost-effective engineering solutions.
- Elite brand reputation and status quo
Sterling and Wilson Solar IPO Lead Managers
| Lead Managers |
|
Sterling and Wilson Solar IPO Registrar to offer
| Registrar to the Offer |
| Link Intime India Private Limited C-101, 1st Floor, 247 Park L.B.S Marg, Vikhroli (West) Mumbai 400 083 Telephone no.: +91 22 4918 6200 E-mail: sterlingwilson.ipo@linkintime.co.in Investor grievance e-mail: sterlingwilson.ipo@linkintime.co.inWebsite: www.linkintime.co.inContact Person: Shanti Gopalkrishnan SEBI Registration No.: INR000004058 |
Sterling and Wilson Solar IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
Sterling and Wilson Solar IPO Grey Market Premium
The Sterling and Wilson Solar IPO Grey Market Premium price are Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Final Words
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