Sterling and Wilson files for Rs 4,500 crore IPO

New Delhi: Sterling and Wilson, a solar engineering, procurement and construction firm promoted by Shapoorji Pallonji and Company has filed draft papers with markets regulator Sebi to raise about Rs 4,500 cr through an initial public offer.

The IPO will be an offer for sale by the company’s chairman Khurshed Yazdi Daruvala and Shapoorji Pallonji and Company, according to the Draft Red Herring Prospectus (DRHP). ICICI Securities, Axis Capital, Credit Suisse Securities (India), Deutsche Equities India, IIFL Holdings, SBI Capital Markets are the global coordinators and book running lead managers. IndusInd Bank and YES Securities (India) are the book running lead managers to the issue.

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