NEW DELHI: Shapoorji Pallonji-led Sterling and Wilson Solar’s (SWSL) Rs 3,125 crore IPO will hit the market on Tuesday. Analysts said the firm, a leader in the solar EPC space, is well placed to capitalise on the opportunities from the solar power sector and thereby they have given ‘subscribe’ ratings to the issue from a long-term perspective.
The IPO comprised entirely of an offer for sale of 4.01-4.03 crore shares. Its main objective is to carry out disinvestment by the promoter, and SWSL will not receive any proceeds from the offer. The issue is priced at Rs 775-780 per share.
