IPO Trending
SWSOLAREQ / NSE, BSEListed
Sterling and Wilson Solar

Sterling & Wilson Solar Limited (SWSL), incorporated in 2017 and based in Mumbai, specializes in providing solar engineering, procurement, and construction (EPC) solutions. The company focuses primarily on utility-scale solar power projects, managing them from initial planning and design to final commissioning. It also offers operations and maintenance (O&M) services for third-party projects. Originally functioning as the Solar EPC division of Sterling and Wilson Private Limited (SWPL) since 2011, the company became an independent entity following a demerger on April 1, 2017. Before the demerger, it operated under the name Rashmika Energy Private Limited. According to IHS Markit, SWSL was recognized as the world’s largest solar EPC provider in 2018 based on the volume of utility-scale photovoltaic system installations. The company now operates in 26 countries and delivers customized solar solutions to its clients. SWSL follows a hub-and-spoke model, where India serves as the central hub for the entire supply chain, including engineering, design, and collaboration with third-party subcontractors and suppliers. The company focuses on enhancing the performance of solar projects by offering cost-effective, innovative designs supported by a skilled design and engineering team, which includes 138 professionals dedicated to engineering and design work.

₹775 - ₹780Open
Listed Price₹706.00
Listing Gain-9.49%

IPO Schedule & Timeline

Bookbuilding IPO
Open06 Aug 2019
Close08 Aug 2019
Allotment16 Aug 2019
Listing20 Aug 2019

Quota Reservation & Application Lots

Minimum Application Lots

Retail1 Lot (19 shares)
₹14,820
sHNI14 Lots (266 shares)
₹2,07,480
bHNI68 Lots (1,292 shares)
₹10,07,760

Company Promoters

Shapoorji Pallonji and Company Private LimitedKhurshed Yazdi Daruvala

Company Background

Sterling & Wilson Solar Limited (SWSL), incorporated in 2017 and based in Mumbai, specializes in providing solar engineering, procurement, and construction (EPC) solutions. The company focuses primarily on utility-scale solar power projects, managing them from initial planning and design to final commissioning. It also offers operations and maintenance (O&M)...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (31-Mar-19)₹82404.08 Cr
Growth+154.9%
Revenue Trend (₹ in Crores)
0.031.6k63.2k94.8k31-Dec-1731-Mar-1831-Mar-19
PeriodRev (Cr)PAT (Cr)AssetsDebt
31-Mar-1982,404.086,382.3353,919.190
31-Mar-1868,717.084,505.3549,203.810
31-Dec-1732,324.811,733.6235,701.700

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Link Intime India Private Ltd

Allotment Finalized
Allotment Date
16 Aug 2019
Official Status
Out / Finalized
Registrar
Link Intime India Private Ltd
Listing Date
20 Aug 2019

Official Allotment Verification Links

Official Registrar Portal
Link Intime India Private Ltd

Direct allotment verification on the official registrar portal appointed for Sterling and Wilson Solar. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization16 Aug 2019Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date20 Aug 2019Trading commences on exchange

How to Check Sterling and Wilson Solar Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Sterling and Wilson Solar from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Allotment FAQs & Help

About Sterling and Wilson Solar IPO

Complete issue overview for Sterling and Wilson Solar (SWSOLAR) IPO. The issue features an equity share price band of ₹775 – ₹780 per share with a minimum retail lot size of 19 Shares (minimum application amount of ₹14,820). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions