Company prospects looking good with bright future for alternative energy sector. But now it seems overpriced, shall we apply? Need suggestions, please...
Raja kumar bhai ur view on sferling and wilson solar...any grey activity started init...also give ur valuable view on spandana shothy ipo ...also there any greay activity active...
26.2. KING VINOD| Link| Bookmark|
August 2, 2019 12:00:23 AM
IPO Guru (2400+ Posts, 5100+ Likes)
Sterling and Wilson Solar Limited IPO Issue Size Approx 3125 Crores Face Value 1/- & Issue Price 780/- per share Fundamentally Good Company, Strong Promotors Shapoorji Pallonji (TATA Group Largest Stake Holder) No doubt issue will be subscribe fully but how much is Question mark? Need to check on Monday who and how many Anchor Investors will participate. Infact asking price was higher but still need to apply this IPO
Dear Amit Strong Promoter. 150 year old Shapoorji Pallonji coming first ipo. I expect 50 to 60 strong ANCHOR iNVESTERS on the card. Let see how qib responds. Good company with global presence. Today Khurseed Daruvala told CNBC that we reduced issue size due to market conditions for the benefit of investors. It is not a power company. It is a EPC company. After seeing the qib response we consider to apply.
Dear RAJAJI CAN U PLS GUIDE US SO AS TO WHAT WILL BE APPROX ACCEPTANCE RATION FOR WIPRO ALSO HOW MUCH WE HAVE TO WAIT FOR CPSE TO COME TILL 25 . THANKU
Dear raja ji thank you for ur valuable inputs....seems like something will be left on table for investors here...hope volume in mp activity soars soon..
25. Eagleye| Link| Bookmark|
August 5, 2019 7:09:27 PM
IPO Guru (6600+ Posts, 21900+ Likes)
Sterling & Wilson Solar IPO - *Market Estimates of oversubscription*:
RII = 3.25L Forms = 1.54XApplic. wise (Avg allotment of ~12.33 shares per lot) NII = 4K Crs. = ~9.57X
Interest cost @7.5%p.a. for 7days = 112.19paise for 1X
Thus, for NII the costing = 9.57 X 112.19paise = Rs.9.60 per share (GMP)
And, for RII the costing = 09.60X 12.33 = Rs. ~120/- (Kostak)
Sterling & Wilson Solar IPO - *GMP Expected* GMP 10/-
For solar industry, where raw material is free and abundant, ipo price ask is too high, it will be available cheaper after listing. For me it's avoid... Anyway if Shaporji Palomino wants he can by the whole ipo himself ...
23. Eagleye| Link| Bookmark|
August 3, 2019 2:56:35 PM
IPO Guru (6600+ Posts, 21900+ Likes)
Sterling & Wilson Solar IPO - Schedule (Pg #457 of RHP)
01st Aug - Price Band to be announced 05th Aug - Anchor List 06th Aug - Offer Opens 08th Aug - Offer Closes 14th Aug - Finalisation of Basis of Allotment 16th Aug - Initiation of Refunds 19th Aug - Credit to Depository Accounts 20th Aug - Commencement of Trading
Sterling & Wilson Solar IPO - Issue Information *(FINAL)*
Issue Opens on: 06 August 2019 Issue Closes on: 08 August 2019 Issue Type: Book Built Issue IPO Issue Size: 4,00,64,102 Equity Shares Face Value: Re.1/- per Equity Share Issue Price: Rs.775 - Rs.780 per Equity Share Market Lot: 19 shares Listing At: NSE, BSE
Equity Shares outstanding prior to the Issue = 16,03,60,000 Equity Shares Offer for Sale of 4,00,64,102 Equity Shares @780= Rs.3125.00 Crores Equity Shares outstanding after the Issue = 16,03,60,000 Equity Shares
Another Suzlon Energy like company is entering in market
19. Eagleye| Link| Bookmark|
August 3, 2019 2:54:56 PM
IPO Guru (6600+ Posts, 21900+ Likes)
THE MOST RELIABLE List of Main board IPOs IN THE PIPELINE (Status as on 31st July 2019)
A) DRHP Filed - SEBI Approval *Awaited*:
1) Shyam Steel Industries >>> DRHP date 04-June-19 2) Bajaj Energy >>> DRHP date 05-Apr-19 3) Reliance General Insurance Co. >>> DRHP date 08-Feb-19 4) Shri Bajrang Power and Ispat >>> DRHP date 12-Sep-18
B) SEBI Approval *Received* *(within the past 5 months)*:
1) Angel Broking >>> SEBI Approval 26-July-19 2) Annai Infra Developers >>> SEBI Approval 12-July-19 3) Satyasai Pressure Vessels >>> SEBI Approval 21-June-19 4) Powerica >>> SEBI Approval 07-June-19 5) Penna Cement Industries >>> SEBI Approval 31-May-19 6) Emami Cement >>> SEBI Approval 15-May-19 7) Shriram Properties >>> SEBI Approval 09-Apr-19 8) T & T Infra >>> SEBI Approval 22-Mar-19 9) Coldex >>> SEBI Approval 15-Mar-19 10) Antony Waste Handling >>> SEBI Approval 08-Mar-19 11) Senco Gold >>> SEBI Approval 06-Mar-19
C) SEBI Approval *Received* *(>5 months ago)*:
12) Heranba Industries >>> SEBI Approval 22-Feb-19 13) Vishwaraj Sugar Industries >>> SEBI Approval 15-Feb-19 14) Uniparts India >>> SEBI Approval 01-Feb-19 15) Stove Kraft >>> SEBI Approval 23-Jan-19 16) Chartered Speed >>> SEBI Approval 11-Jan-19 17) Narmada Biochem >>> SEBI Approval 02-Jan-19 18) Prince Pipes and Fittings >>> SEBI Approval 28-Dec-18 19) Studds Accessories >>> SEBI Approval 14-Dec-18 20) Shyam Metallics and Energy >>> SEBI Approval 07-Dec-18
D) SEBI Approval *Received* *(>8 months ago)*:
21) Flair Writing Industries >>> SEBI Approval 30-Nov-18 22) Neccon Power & Infra >>> SEBI Approval 29-Nov-18 23) Inventia Healthcare >>> SEBI Approval 22-Nov-18 24) Xelpmoc Design and Tech >>> SEBI Approval 20-Nov-18 25) Zircon Technologies >>> SEBI Approval 12-Nov-18 26) Sansera Engineering >>> SEBI Approval 12-Nov-18 27) Mrs.Bectors Food Specialities >>> SEBI Approval 09-Nov-18 28) PNB Metlife India Insurance Co. >>> SEBI Approval 02-Nov-18 29) AGS Transact Technologies >>> SEBI Approval 26-Oct-18 30) Harsha Engineers >>> SEBI Approval 19-Oct-18 31) Dodla Dairy >>> SEBI Approval 17-Oct-18 32) Bharat Hotels >>> SEBI Approval 12-Oct-18 33) ASK Investment Managers >>> SEBI Approval 05-Oct-18 34) Muthoot Microfin >>> SEBI Approval 05-Oct-18 35) Puranik Builders >>> SEBI Approval 05-Oct-18
E) SEBI Approval *Received* *(>10 months ago)*:
36) Nihilent>>> SEBI Approval 01-Oct-18 37) Aakash Educational Services >>> SEBI Approval 28-Sep-18 38) Ami Organics >>> SEBI Approval 28-Sep-18 39) Century Metal Recycling>>> SEBI Approval 27-Sep-18 40) Anmol Industries >>> SEBI Approval 21-Sep-18 41) Avana Logistek >>> SEBI Approval 14-Sep-18 42) Hinduja Leyland Finance >>> SEBI Approval 07-Sep-18 43) Srei Equipment Finance >>> SEBI Approval 07-Sep-18 44) Penver Products >>> SEBI Approval 05-Sep-18 45) Vectus Industries >>> SEBI Approval 31-Aug-18 46) Milltec Machinery >>> SEBI Approval 30-Aug-18 47) Craftsman Automation >>> SEBI Approval 24-Aug-18 48) Route Mobile >>> SEBI Approval 16-Aug-18 49) Mazagon Dock Shipbuilders >>> SEBI Approval 10-Aug-18
Face value of STERLING AND WILSON SOLAR LIMITED IPO is 1 rs,but the offer price is 780. is the over-priced?? Also help to understand what factors needs to be checked for deriving the price of a company??
Dear Sanjay It is discretionary of LM Under two circumstances it is mandatory otherwise it is left to LM 1. Loss making company 2. Below three years old company.
RONW 63% as on 31.3.2019 Nav 63 Issue size is 3125 Cr. After IPO it will be debt free company. Retail 10% (May be 210000 forms for allotment to retail)
10.1. hbk| Link| Bookmark|
August 1, 2019 11:38:11 AM
Top Contributor (300+ Posts, 100+ Likes)
True..
9. hbk| Link| Bookmark|
July 31, 2019 8:00:11 PM
Top Contributor (300+ Posts, 100+ Likes)
One of the most respected group of promoters. But, one of the sectors which has given consistently negative returns. Will be interesting to see how this issue performs.