The initial public offer (IPO) of Sterling & Wilson Solar Ltd was subscribed 9% on the first day of bidding on Tuesday. The company plans to raise about Rs 3,125 crore through the IPO. Its price range has been fixed at Rs 775-780 per share. The issue will close on August 8, 2019. Sterling and Wilson Solar on Monday raised Rs 1,406 crore from 27 anchor investors.The issue comprises an offer for sale by promoters Shapoorji Pallonji and the company.