Sterling & Wilson solar(sws) – New Ipo from Shapoorji Pallonji Group and Khurshed Yazdi Daruvala- Available at 90% Discount to IPO price.

CMP – 84
MARKET CAP – 1347 cr
BOOK VALUE – 52
52wk HIGH/LOW – 780/70
5 Year HIGH/LOW – N.A
FACE VALUE – 1
DIVIDEND YIELD – 0%

IPO AUG’19 PRICE – 780

Listing price – 726

🔷️Currently stock is available at DISCOUNT price of 90% from its ipo price.Risk reward Ratio is very good considering the Promotors quality.

🔷️Nothing much to lose from CMP & valuation also very attractive.Fresh breakdown only below 68.This can Be 10x Stock in next 5 to 6 years.

🔷️Sterling and wilson promoted by shapoorji pallonji Group, Its demerged Solar EPC Division of Sterling and Wilson pvt Ltd.It has Presence in 26 countries.

🔷️The issue was entirely an offer for sale by the promoters, with an issue size of ₹3,100 crore and a post-issue market capitalization of ₹12,500 cr

🔷️Based on FY19 consolidated numbers, the ipo was priced at a price to earnings of 19.6 times. The company is being the largest global EPC (engineering, procurement, and construction) contractor (in an industry that is seeing a massive thrust towards renewable energy), an asset-light business model and strong parentage.

Disc – All views expressed are personal and only for Educational and study purpose.consult your financial advisor before investing or taking any position based on above article. This in not any Buy/Sell Recommendation.Its purely for Educational purpose only.

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