Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
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 ₹140.00 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). The minimum lot size investment for 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 Date | June 20, 2024 to June 24, 2024 |
| Listing Date | June 27, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹140 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 6,52,000 shares (aggregating up to ₹9.13 Cr) |
| Reserved for Market Maker | 34,000 shares Aftertrade Broking Pvt.Ltd. (aggregating up to ₹0.4760 Cr) |
| Net Offered to Public | 6,18,000 shares (aggregating up to ₹8.65 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 15,18,000 shares |
| Share Holding Post Issue | 21,70,000 shares |
Winny Immigration IPO offers total 6,52,000 shares. Out of which 3,09,000 (47.39%) allocated to NII, 3,09,000 (47.39%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 34,000 (5.21%) |
| NII (HNI) Shares Offered | 3,09,000 (47.39%) |
| Retail Shares Offered | 3,09,000 (47.39%) |
| Total Shares Offered | 6,52,000 (100.00%) |
Winny Immigration IPO opens on June 20, 2024, and closes on June 24, 2024.
| IPO Open Date | Thu, Jun 20, 2024 |
| IPO Close Date | Mon, Jun 24, 2024 |
| Tentative Allotment | Tue, Jun 25, 2024 |
| Initiation of Refunds | Wed, Jun 26, 2024 |
| Credit of Shares to Demat | Wed, Jun 26, 2024 |
| Tentative Listing Date | Thu, Jun 27, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Jun 24, 2024 |
Investors can bid for a minimum of 1,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Winny Immigration and Education Services Ltd's revenue decreased by -8% and profit after tax (PAT) dropped by -72.86% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 542.84 | 541.93 | 276.26 |
| Total Income | 1,102.12 | 1,197.91 | 1,004.07 |
| Profit After Tax | 39.27 | 144.71 | 127.63 |
| Net Worth | 230.72 | 191.46 | 46.75 |
| Reserves and Surplus | 78.92 | 188.16 | 43.45 |
| Total Borrowing | 206.84 | 232.02 | 127.91 |
| Amount in ₹ Lakhs | |||
The market capitalization of Winny Immigration IPO is ₹30.38 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 18.60% |
| ROCE | 15.74% |
| Debt/Equity | 0.90 |
| RoNW | 17.02% |
| Price to Book Value | 9.21 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 2.59 | 1.81 |
| P/E (x) | 54.12 | 77.36 |
The company proposes to use the Net Proceeds from the issue for the following objects:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. It marked static top lines for the last three fiscals, and posted decline in its bottom line for FY24. Based on FY24 earnings, the issue is exorbitantly priced. Small equity capital post-IPO indicates longer gestation period. There is no harm in skipping this pricey and high-risk bet. Read detail review...
| Listing Date | June 27, 2024 |
| BSE Script Code | |
| NSE Symbol | WINNY |
| ISIN | INE0S9101013 |
| Final Issue Price | ₹140 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹140.00 |
| Open | ₹240.00 |
| Low | ₹240.00 |
| High | ₹252.00 |
| Last Trade | ₹252.00 |
Winny Immigration & Education Services Ltd.
103-104, ATP Arcade, Above Mr. Bean's Coffee Shop,
Nr. National Handloom House,
Law Garden
Ahmedabad, Gujarat, 380006
Phone: 079-61906190
Email: compliance@winnyimmigration.com
Website: https://winnyimmigration.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Winny Immigration IPO is a SME IPO of 6,52,000 equity shares of the face value of ₹10 aggregating up to ₹9.13 Crores. The issue is priced at ₹140 per share. The minimum order quantity is 1000.
The IPO opens on June 20, 2024, and closes on June 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 June 20, 2024 and closes on June 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 Wednesday, June 26, 2024. Check the Winny Immigration IPO allotment status.
The Winny Immigration IPO listing date is on Thursday, June 27, 2024.
Useful Articles
RHP