Banking & FinanceLimeLightStock Market

Sterling & Wilson Solar IPO Subscribed 9 % on First Day

Sharing is caring!

The initial public offer of Sterling & Wilson Solar Ltd was subscribed 9 percent on the first day of bidding on Tuesday. The IPO through which the company plans to raise about Rs 3,125 crore received bids for 21,06,264 shares against the total issue size of 2,21,77,418 shares, as per NSE data.

The category for qualified institutional buyers (QIBs) was subscribed 6 percent, non-institutional investors 19 percent and retail individual investors 6 percent.

Its price range has been fixed at Rs 775-780 per share.

The issue will close on August 8, 2019.

SMEStreet Desk

SMEStreet is fast growing platform dedicated to entrepreneurs from small and medium sized businesses (SMEs). Committed to facilitate Knowledge & Networking for Business Growth, SMEStreet offers value added content which shows the actual voice of Indian MSMEs.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button
%d bloggers like this: