Sterling and Wilson Solar IPO
The race to set up solar power projects across the world has given an opportunity to engineering procurement and construction (EPC) contractors to help power utility companies implement large projects. One such large EPC player in the solar power space — Sterling and Wilson Solar — is offering nearly up to 4.03 crore shares (offer-for-sale) through the IPO. Investors looking to play the long-term growth prospects in the sector, can invest in this IPO.
There is no listed peer for Sterling and Wilson Solar either in the Indian market or globally. The 12-month trailing price-to-earnings multiple is around 19.45 times, which seems a little expensive. But good growth potential in the solar power sector and the company’s strong track record of execution, make it attractive.