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.