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Sterling and Wilson Solar Ltd IPO Message Board (Page 5)

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27. BengalIPO |   Link |  Bookmark | August 6, 2019 10:46:42 AM
Company prospects looking good with bright future for alternative energy sector. But now it seems overpriced, shall we apply? Need suggestions, please...
26. RAJAKUMAR |   Link |  Bookmark | July 31, 2019 4:08:35 PM (1400+ Posts, 1200+ Likes)
iSSUE SIZE IS REDUCED.
ISSUE OPENS 6 TO 8
EPS FOR THE YEAR ENDED 2019 IS 39
PRICE BAND TO BE ANNOUNCE TOMMORROW.
26.7. RAJAKUMAR |   Link |  Bookmark | August 6, 2019 12:45:04 AM (1400+ Posts, 1200+ Likes)
Dear Vijay
Wipro acceptance ratio may be 60% ( + or - 5%)
CPSE. market will correct till 9800. So you have to wait little long period.
26.8. Amit Chheda |   Link |  Bookmark | August 6, 2019 8:13:21 AM
IPO Mentor IPO Mentor (700+ Posts, 900+ Likes)
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 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/-

Kostak 125/-

13 lots application bhav will open tomorrow
24. amit K singh |   Link |  Bookmark | August 5, 2019 6:13:19 PM
IPO Guru IPO Guru (1000+ Posts, 1600+ Likes)
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 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

Category-wise Break up:
Anchor - 1,80,28,846 Shares = 1406.25Crs
QIB - 1,20,19,231 Shares = 937.50Crs
NII - 60,09,615Shares = 468.75Crs
RII - 40,06,410Shares = 312.50Crs (Lot size: 19 = 2,10,864 Forms)
Total Issue - 61,61,073Equity Shares = 458.69Crs.

Subscription required for 1X
RII = 2,10,864Forms
NII = 468.75Crs

Interest cost @7.5%p.a. for 7days = 112.19paise for 1X


Sterling & Wilson Solar IPO - Financial Information (Basis of Valuation)

EPS for FY17-18 >>> Rs.29.97 (Page #87 of RHP)
EPS for FY18-19 >>> Rs.39.85 (Page #87 of RHP)

RoNW for FY17-18 >>>118% (Page #88 of RHP)
RoNW for FY18-19 >>>062% (Page #88 of RHP)


NAV as on March 31, 2019 was Rs.63.79 (Page #88 of RHP)

Listed Industry Peer Group (Page #110of RHP): NONE


Sterling & Wilson Solar IPO - *Market Estimates of oversubscription*:

RII = 3.25L Forms = 1.54XApplic. wise (Avg allotment of ~12.33 shares per lot)
NII = 5K Crs. = ~10.67X

Interest cost @7.5%p.a. for 7days = 112.19paise for 1X

Thus, for NII the costing = 10.67 X 112.19paise = Rs.12/- per share (GMP)

And, for RII the costing = 11.97X 12.33 = Rs. ~148/- (Kostak)

Sterling & Wilson Solar IPO - *GMP Expected*
GMP 12/-
Kostak150/-
23.2. Roxpatel |   Link |  Bookmark | August 5, 2019 12:28:23 PM
IPO Mentor IPO Mentor (500+ Posts, 700+ Likes)
@Indy, corporate FD provides almost 7.5 per annum
23.3. Indy |   Link |  Bookmark | August 5, 2019 5:26:45 PM
Mr Roxpatel,my question was as HNI are investing in IPOs through financing from NBFCs.I haven't come across any which lend less than @12%
22. Aniketiaf |   Link |  Bookmark | August 5, 2019 3:38:23 PM
IPO Guru IPO Guru (1800+ Posts, 10200+ Likes)
No noticeable Gray activity till now in S&WSL.
21. Eagleye |   Link |  Bookmark | August 4, 2019 2:39:15 PM
IPO Guru IPO Guru (6600+ Posts, 21900+ Likes)
Sterling and Wilson IPO
GMP 11 +/- 1
20. S.B. |   Link |  Bookmark | August 4, 2019 11:16:45 AM
Another Suzlon Energy like company is entering in market
19. Eagleye |   Link |  Bookmark | August 3, 2019 2:54:56 PM
IPO Guru 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
18. sonal patel |   Link |  Bookmark | August 2, 2019 8:44:05 PM
IPO Guru IPO Guru (1500+ Posts, 5700+ Likes)
Good company...good promoters...
17. investormahesh |   Link |  Bookmark | August 2, 2019 7:02:30 PM
Top Contributor Top Contributor (600+ Posts, 200+ Likes)
Hello friends. Does any of the forthcoming IPOs has shareholder reservation?
16. Sanjay Mahesana |   Link |  Bookmark | August 2, 2019 2:06:58 PM
Thanks
KING VINOD
15. LearningInvestor |   Link |  Bookmark | August 2, 2019 12:52:37 PM
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??
14. KAUSHIKI |   Link |  Bookmark | August 2, 2019 8:24:14 AM
Dear Admin,

Some experts are saying that, which IPO issue size is better for the retail investors- Big or Small?

If, the issue size is small, many investors don't get shares in allotment so, naturally they wouldn't interested to apply.

So, pl. clarify the matter at your earliest.

Thanks,
13. Sanjay Mahesana |   Link |  Bookmark | August 1, 2019 1:02:39 PM
Please answer
This company make profit
Why retail 10 %???
13.1. RAJAKUMAR |   Link |  Bookmark | August 2, 2019 1:13:52 AM (1400+ Posts, 1200+ Likes)
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.
13.2. RAJAKUMAR |   Link |  Bookmark | August 2, 2019 1:14:45 AM (1400+ Posts, 1200+ Likes)
This company may be in second category at the time of filling DRHP
12. RAJAKUMAR |   Link |  Bookmark | July 31, 2019 4:18:41 PM (1400+ Posts, 1200+ Likes)
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)
12.1. amit K singh |   Link |  Bookmark | July 31, 2019 5:01:25 PM
IPO Guru IPO Guru (1000+ Posts, 1600+ Likes)
Is there any new rule for retail quota to decrease from 35percent earlier to 10percent now in the new ipos?
12.2. RAJAKUMAR |   Link |  Bookmark | August 2, 2019 1:10:54 AM (1400+ Posts, 1200+ Likes)
No sir
11. KING VINOD |   Link |  Bookmark | August 2, 2019 12:08:04 AM
IPO Guru IPO Guru (2400+ Posts, 5100+ Likes)
Sterling & Wilson Solar Ltd IPO
Apply for Listing Gain
10. v for vendetta |   Link |  Bookmark | August 1, 2019 11:15:08 AM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Solar IPO's have been a disaster.
10.1. hbk |   Link |  Bookmark | August 1, 2019 11:38:11 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
True..
9. hbk |   Link |  Bookmark | July 31, 2019 8:00:11 PM
Top Contributor 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.
9.1. Indy |   Link |  Bookmark | August 1, 2019 12:29:49 AM
Have u checked PAT for 17,18,19
9.2. hbk |   Link |  Bookmark | August 1, 2019 11:36:56 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Agreed. But I am talking about sector in general.
8. Nair |   Link |  Bookmark | August 1, 2019 11:32:08 AM
They are asking Rs. 780 for a share having face value of Re. 1/-. Is it not over priced ?