Sterling & Wilson Solar Limited (SWSL) Incorporated in 2017, Mumbai based is engaged in providing solar engineering, procurement, and construction (EPC) solutions to the end-users. SWSL is focused on utility-scale solar power projects and manages the solar projects from conceptualizing to commissioning. It provides operations and maintenance (O&M) services for the 3rd party projects as well. It was previously named Rashmika Energy Private Limited.
The company started its operation as a Solar EPC Division of SWPL in 2011 and demerged on April 1, 2017. According to IHS Markit, the company was the world’s largest solar EPC solutions provider in 2018 based on annual installations of utility-scale PV systems. Currently, it has a wide presence across 26 countries.
Sterling & Wilson offers customized solutions to its customers for solar power projects. The company follows a “hub-and-spoke” business model where services go from the central hub to several spokes or routes to reach the end-users. India works as a hub of the company for the complete supply chain including engineering functions, design, and engage 3rd party subcontractors and suppliers. The company aims to improve the performance ratio by offering cost-effective and innovative designing solutions supported by an engineering and competent design team. It has 138 employees in the design and engineering team.
Competitive Strengths
- World’s largest solar EPC solutions provider
- A dedicated design and engineering team
- Takes benefits of the brand image of the SP group and S&W
- Strong financial performance
- Strong promoter
Sterling and Wilson IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | ₹1 per equity share |
| IPO Price | ₹775 to ₹780 per equity share |
| Market Lot | 19 Shares |
| Min Order Quantity | 19 Shares |
| Listing At | BSE, NSE |
| BSE Script Code | 542760 |
| NSE Symbol | SWSOLAR |
| ISIN | INE00M201021 |
| Issue Size | Aggregating up to ₹3,145.16 Cr |
| Offer for Sale | Aggregating up to ₹3,125.00 Cr |
Sterling and Wilson IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
| Minimum | 1 | 19 | ₹14,820 |
| Maximum | 13 | 247 | ₹192,660 |
IPO Allotment Status
Please Click Hare To Check IPO Allotment Status For Sterling and Wilson Solar Ltd
Company Financials:
| PARTICULAR | 31-Mar-19 | 31-Mar-18 | 31-Dec-17 |
| Total Assets | 53,919.19 | 49,203.81 | 35,701.70 |
| Total Revenue | 82,404.08 | 68,717.08 | 32,324.81 |
| Profit After Tax | 6,382.33 | 4,505.35 | 1,733.62 |
Company Promoters:
The promoters of the Company are Shapoorji Pallonji and Company Pvt Ltd and Khurshed Yazdi Daruvala.
Objects of the Issue:
The objects of the Offer are:
- To achieve the benefits of listing the Equity Shares on the Stock Exchanges.
- For the Offer of the Equity Shares by the Promoter Selling Shareholders.
- To enhance visibility and brand image.
Registrar & COmpany Detalis
| Company Contact Information | Sterling and Wilson IPO Registrar |
| Sterling and Wilson Solar Ltd 9th Floor Universal Majestic, P L Lokhande Marg, Chembur (West), Mumbai 400 043 Phone: +91 22 2548 5300 Email: ir@sterlingwilson.com Website: https://sterlingandwilson.com/ | Link Intime India Private Ltd Link Intime India Private Ltd C 101, 247 Park, L.B.S.Marg, Vikhroli (West), Mumbai – 400083 Phone: +91-22-4918 6270 Email: sterlingwilson.ipo@linkintime.co.in Website: http://www.linkintime.co.in |
