Stocks

Sterling & Wilson listing today

Our Bureau Chennai | Updated on August 19, 2019 Published on August 20, 2019

 

Shares of Sterling & Wilson Solar will be listed on the exchanges on Tuesday.

 Shapoorji Pallonji-owned Sterling & Wilson Solar had received lukewarm response to its initial public offering. The company managed to garner only 92 per cent subscription.

The total issue size was ₹3,125 crore, of which around ₹1,400 crore was raised from anchor investors.

The price band for the issue was between ₹775 and ₹780 a share. While the qualified institutional buyer received full subscription, the high net worth individual portion was subscribed 89 per cent and retail investor portion by 30 per cent.

 

Published on August 20, 2019
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