Deal Highlights:

• Sterling and Wilson# is a global pure-play, end-to-end renewable solar engineering, procurement and construction (EPC) and O&M solutions provider
• Offer was made to comply with minimum public shareholding (MPS) norms
• Despite market volatility over past 2 weeks prior to deal launch and correction of ~3%^, the issue witnessed a healthy response from investors – Non-Retail Category was oversubscribed ~1.5x of the base offer size

Our Contribution:

• We hand-held the Promoters through the entire process including optimal deal construct, pricing & timing of the issue and positioning the company to investors
• This marks our 3rd deal closure in the renewables / power sector within a period of 45 days – Anzen India Energy Trust (InvIT IPO), Inox Green Energy (IPO) and Sterling and Wilson (OFS)
• This was our second deal w.r.t Sterling and Wilson post advising Reliance Group’s acquisition of stake in the Company

*Broking Services provided through an Associate Company
^#Sterling and Wilson Renewable Energy Limited (formerly known as Sterling and Wilson Solar Limited)
^{^}Movement of Nifty 50 between 2 weeks high and low