By CNBC-TV18 Aug 9, 2019 7:32:28 AM IST (Published)
The initial public offer of Shapoorji Pallonji group firm Sterling & Wilson Solar Ltd sailed through on Thursday with 92 percent subscription that will raise around Rs 2,900 crore.
The initial public offer of Shapoorji Pallonji group firm Sterling & Wilson Solar Ltd sailed through on Thursday with 92 percent subscription that will raise around Rs 2,900 crore.
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In a statement, the company said the issue was subscribed 92 percent, with qualified investor portion getting fully subscribed even as retail portion remained under-subscribed due to tough market conditions.
Leading foreign players including Nomura, Schroeder, Abu Dhabi Investment Authority (ADIA) and Fidelity participated in the offer.