MUMBAI: Shapoorji Pallonji (SP) Group chairman Shapoor Mistry on Sunday said that the diversified enterprise is “fully committed to honouring” its debt obligations towards Sterling and Wilson Solar. The statement came a couple of days after the stock of the group company tanked 20% on Friday following a proposal by promoters SP Group and Khurshed […]
Solarvest’s IPO oversubscribed by 35 times
Solar photovoltaic (“PV”) system specialist, Solarvest Holdings Berhad (“Solarvest” or the “Group”) has garnered positive response for its initial public offering (“IPO”), which has been oversubscribed by 35 times ahead of its listing on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”). Solarvest specialises in turnkey engineering, procurement, construction and commissioning (“EPCC”) services […]
Solarvest IPO oversubscribed by 35 times
KUALA LUMPUR: Solarvest Holdings Bhd said today its initial public offering’s (IPO) Malaysian public portion was oversubscribed by about 35 times after 10,205 applications for 708.32 million new shares were received for the 19.53 million new shares allocated. Solar-photovoltaic specialist Solarvest’s IPO for its Bursa Malaysia ACE Market listing involves a public issue of 98.83 […]
IREDA, Shyam Steel get SEBI’s go ahead to launch IPO
State-owned IREDA and Kolkata-based firm Shyam Steel Industries have received markets regulator Sebi’s approval to float initial public offerings (IPO). Shyam Steel has got observations of the markets watchdog on September 20. It had approached Sebi with its IPO papers in June. State-owned Indian Renewable Energy Development Agency (IREDA) and Kolkata-based firm Shyam Steel Industries […]
Bajaj Energy gets Sebi nod for Rs 5,450 crore IPO
Bajaj Energy’s IPO comprises fresh issuance of shares worth Rs 5,150 crore and an OFS of Rs 300 crore. New Delhi: Bajaj Energy has received capital markets regulator Sebi’s go ahead to raise an estimated Rs 5,450 crore through an initial share-sale offer. The company, which filed its IPO papers with Sebi in April, obtained […]
IPOs likely to dry up as uncertainty rules Indian equity market
Only 11 companies have gone public so far this year The number of IPOs more than halved in the first six months of 2019 Mumbai: Having declined in both numbers and valuations this year, initial public offerings may shrink to a trickle in the second half, hit by continuing volatility in the markets on account […]
Sterling & Wilson Solar IPO subscribed 9% on first day of bidding
Sterling and Wilson Solar on Monday raised Rs 1,406 crore from 27 anchor investors. 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 […]
IPO Analysis: STERLING AND WILSON SOLAR LIMITED
IPO Rating – 51 (Investment recommended)* About the Issue Sterling & Wilson Solar (SWSL), a Mumbai-based world’s largest solar EPC solutions provider, is entering the capital market to raise around Rs 3125 crore. The price band is fixed at Rs 775-780. The total number of shares for sale is between 4.01-4.03 crore, which is entirely […]
Sunnova Raises $170M in First US Solar IPO in Years
“We’re the first solar company that went public that’s headquartered in Houston,” CEO John Berger tells GTM. “Now you know the energy business has really changed.” Shares of residential solar company Sunnova ended their first day of trading on Thursday at $11.25, below their initial price of $12 and well south of a range of […]
The Sunnova IPO: 3 Strategies for Success
Wood Mackenzie’s Michelle Davis looks at how Sunnova could thrive after what would be the first residential solar IPO in years. On June 27, 2019, Sunnova submitted a pre-initial public offering prospectus to the U.S. Securities and Exchange Commission. It would be the first residential solar company to go public in the U.S. since 2015. […]