Ahead of its initial public offer (IPO) on Tuesday, Sterling and Wilson Solar on Monday raised Rs 1,406.25 crore from 27 anchor investors, including both domestic and global investors.
The company allocated 1,80,28,846 shares at a price of Rs 780 per equity share. The price band of the issue was fixed at Rs 775-780.
Shapoorji Pallonji-led Sterling and Wilson Solar’s IPO will hit the market on Tuesday, aiming to raise Rs 3,125 crore.
