Fixed Price IPO | ₹9 Cr | Listed at NSE SME | Thu, Jun 20, 2024 - Mon, Jun 24, 2024
Winny Immigration IPO is a fixed price issue of ₹9.13 crores. The issue is entirely a fresh issue of 0.07 crore shares of ₹9.13 crore.
Winny Immigration IPO bidding started from Jun 20, 2024 and ended on Jun 24, 2024. The allotment for Winny Immigration IPO was finalized on Jun 25, 2024. The shares got listed on NSE SME on Jun 27, 2024.
Winny Immigration IPO price is ₹140 per share. The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹1,40,000 (1000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,000 shares), amounting to ₹2,80,000.
Interactive Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Aftertrade Broking Pvt.Ltd..
Refer to Winny Immigration IPO RHP for detailed Information.
IPO Open
Thu, Jun 20, 2024
IPO Close
Mon, Jun 24, 2024
Issue Price
₹140 per share
Market Cap (Pre-IPO)
₹30.38 Cr
| IPO Date | 20 to 24 Jun, 2024 |
| Listed on | Thu, Jun 27, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹140 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 6,52,000 shares (agg. up to ₹9 Cr) |
| Reserved for Market Maker | 34,000 shares Aftertrade Broking Pvt.Ltd. (agg. up to ₹0.4760 Cr) |
| Fresh Issue (Ex Market Maker) | 6,18,000 shares (agg. up to ₹9 Cr) |
| Net Offered to Public | 6,18,000 shares (agg. up to ₹9 Cr) |
| Share Holding Pre Issue | 15,18,000 shares |
| Share Holding Post Issue | 21,70,000 shares |
| NSE Symbol | WINNY |
| ISIN | INE0S9101013 |
Winny Immigration IPO comprises a total issue size of 6,52,000 shares. The net offer to the public is 6,18,000 shares, after excluding 34,000 shares allotted on a firm basis. Of the Net offer 3,09,000 (50.00%) allocated to NII 3,09,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 3,09,000 | 50.00% | 47.39% |
| Retail Shares Offered | 3,09,000 | 50.00% | 47.39% |
| Firm Reservations | |||
| Market Maker Shares Offered | 34,000 | 5.21% | |
| Total Shares Offered | 6,52,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,40,000 |
| Retail (Max) | 1 | 1,000 | ₹1,40,000 |
| HNI (Min) | 2 | 2,000 | ₹2,80,000 |
Incorporated in 2008, Winny Immigration and Education Services Ltd. is primarily involved in the visa consultancy business. The company assists individuals for study, travel, work, business, and migration purposes.
The company has assisted thousands of clients with immigration and visa processes, providing visa consultancy. With decades of experience and a network of 12 strategically located offices, they have effectively guided many clients through these complex procedures.
Winny offers visa guidance, immigration assistance, and documentation services.
The company provides consultations for the following services:
1. Training for Language Proficiency Examinations,
2. Consulting and processing a variety of Temporary Residence Visas,
3. Consulting and processing Permanent Residency Visas.
The company has 12 offices in Gujarat, Maharashtra, and Delhi, including branches, franchisees, and a virtual office in Canada.
As of March 31, 2024, the company has employed around 145 employees at various levels of the Organization.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 5.43 | 5.42 | 2.76 |
| Total Income | 11.02 | 11.98 | 10.04 |
| Profit After Tax | 0.39 | 1.45 | 1.28 |
| NET Worth | 2.31 | 1.91 | 0.47 |
| Reserves and Surplus | 0.79 | 1.88 | 0.43 |
| Total Borrowing | 2.07 | 2.32 | 1.28 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Opening of new offices in India | 0.97 |
| 2 | Software Development | 2.88 |
| 3 | Repayment of Debt | 1.59 |
| 4 | Branding and Advertisement | 1.00 |
| 5 | General corporate purposes | 1.99 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 18.60% |
| ROCE | 15.74% |
| Debt/Equity | 0.90 |
| RoNW | 17.02% |
| PAT Margin | 3.63% |
| Price to Book Value | 9.21 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.59 | 1.81 |
| P/E (x) | 54.12 | 77.36 |
| Promoter Holding | 83.63% | 58.51% |
| Market Cap | ₹30.38 Cr. |
The Winny Immigration IPO is subscribed 154.67 times on June 24, 2024 6:19:56 PM (Day 3). The public issue subscribed 190.66 times in the retail category, [.] times in the QIB category, and 109.65 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 109.65 | 3,09,000 | 3,38,81,000 |
| Retail | 190.66 | 3,09,000 | 5,89,15,000 |
| Total | 154.67 | 6,18,000 | 9,55,83,000 |
Total Application : 58,915
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees including Underwriting Commission. | 0.25 |
| 2 | Brokerage, selling commission and Marketing | 0.10 |
| 3 | Registrar to the Issue | 0.01 |
| 4 | Legal Advisors | 0.04 |
| 5 | Advertising and marketing expenses | 0.05 |
| 6 | Regulators including stock exchanges | 0.10 |
| 7 | Printing and distribution of issue stationary | 0.03 |
| 8 | Others (Market Making fees etc.) | 0.12 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹140.00 |
| Open | ₹240.00 |
| Low | ₹240.00 |
| High | ₹252.00 |
| Last Trade | ₹252.00 |
Lead Manager Reports
Winny Immigration IPO is a SME IPO of 6,52,000 equity shares of the face value of ₹10 aggregating up to ₹9 Crores. The issue is priced at ₹140 per share. The minimum order quantity is 1000.
The IPO opens on Thu, Jun 20, 2024, and closes on Mon, Jun 24, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Winny Immigration IPO using UPI as a payment gateway. Zerodha customers can apply in Winny Immigration IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Winny Immigration IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Winny Immigration IPO opens on Thu, Jun 20, 2024 and closes on Mon, Jun 24, 2024.
Winny Immigration IPO lot size is 1000, and the minimum amount required for application is ₹1,40,000.
You can apply in Winny Immigration IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Winny Immigration IPO will be done on Tuesday, June 25, 2024, and the allotted shares will be credited to your demat account by Wed, Jun 26, 2024. Check the Winny Immigration IPO allotment status.
The Winny Immigration IPO listing date is on Thu, Jun 27, 2024.
