Sterling & Wilson Solar Ltd IPO

IPO Synopsis

Initial public offering of 36,533,820* equity shares of face value of Re. 1 each (equity shares) of Sterling and Wilson Solar Limited (the company or the issuer) for cash at a price of Rs. 780 per equity share (offer price) aggregating to Rs. 2849.64* crores, comprising of an offer for sale of to 24,355,880* equity shares by Shapoorji Pallonji and Company Private Limited aggregating to Rs. 1899.76* crores and 12,177,940* equity shares by Khurshed Yazdi Daruvala aggregating to Rs. 949.88* crores (together, the promoter selling shareholders) and such equity shares offered by the promoter selling shareholders (the offered shares) (the offer). The offer constitutes 22.78% of the post-offer paidup equity share capital of the company. **subject to finalisation of the basis of allotment The face value of equity shares is Re. 1 each Offer Price: Rs.780 per equity share of face value of Re. 1 each. The Offer Price is 780 Times of the face value.