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Winsol Engineers IPO is a book build issue of ₹23.36 crores. The issue is entirely a fresh issue of 0.31 crore shares of ₹23.36 crore.
Winsol Engineers IPO bidding started from May 6, 2024 and ended on May 9, 2024. The allotment for Winsol Engineers IPO was finalized on May 10, 2024. The shares got listed on NSE SME on May 14, 2024.
Winsol Engineers IPO price band is set at ₹75.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,13,600 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,40,000.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Spread X Securities Pvt.Ltd..
Refer to Winsol Engineers IPO RHP for detailed Information.
| IPO Date | May 6, 2024 to May 9, 2024 |
| Listing Date | May 14, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹71 to ₹75 per share |
| Issue Price Final | ₹75 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 31,15,200 shares (aggregating up to ₹23.36 Cr) |
| Reserved for Market Maker | 1,58,400 shares Spread X Securities Pvt.Ltd. (aggregating up to ₹1.19 Cr) |
| Net Offered to Public | 29,56,800 shares (aggregating up to ₹22.18 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 84,20,000 shares |
| Share Holding Post Issue | 1,15,35,200 shares |
Winsol Engineers IPO offers total 31,15,200 shares. Out of which 14,76,800 (47.41%) allocated to QIB, 5,93,600 (19.05%) allocated to QIB, 4,44,800 (14.28%) allocated to NII, 10,35,200 (33.23%) allocated to RII and 8,83,200 (28.35%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,58,400 (5.08%) |
| QIB Shares Offered | 14,76,800 (47.41%) |
| − Anchor Investor Shares Offered | 8,83,200 (28.35%) |
| − QIB (Ex. Anchor) Shares Offered | 5,93,600 (19.05%) |
| NII (HNI) Shares Offered | 4,44,800 (14.28%) |
| Retail Shares Offered | 10,35,200 (33.23%) |
| Total Shares Offered | 31,15,200 (100.00%) |
Winsol Engineers IPO raises ₹6.62 crore from anchor investors. Winsol Engineers IPO Anchor bid date is May 3, 2024. Winsol Engineers IPO Anchor Investors list
| Bid Date | May 3, 2024 |
| Shares Offered | 8,83,200 |
| Anchor Portion Size (In Cr.) | 6.62 |
| Anchor lock-in period end date for 50% shares (30 Days) | June 9, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | August 8, 2024 |
Winsol Engineers IPO opens on May 6, 2024, and closes on May 9, 2024.
| IPO Open Date | Mon, May 6, 2024 |
| IPO Close Date | Thu, May 9, 2024 |
| Tentative Allotment | Fri, May 10, 2024 |
| Initiation of Refunds | Mon, May 13, 2024 |
| Credit of Shares to Demat | Mon, May 13, 2024 |
| Tentative Listing Date | Tue, May 14, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, May 9, 2024 |
Investors can bid for a minimum of 1,600 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 | 1,600 | ₹1,20,000 |
| Retail (Max) | 1 | 1,600 | ₹1,20,000 |
| HNI (Min) | 2 | 3,200 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in December 2015,Winsol Engineers Limited is a company that provides integrated engineering, procurement, construction, and commissioning services for Balance of Plant (BoP) Solutions for both solar and wind power generation firms.
The company's core services for BoP Solutions include foundation work, substation civil and electrical work, and right-of-way services.
The company is ISO-9001-2015, ISO-14001-2015, and ISO-45001-2018 certified, demonstrating its execution capabilities in quality.
The company has more than 200 engineers and technicians on their team for project execution.
As of April 2024, they have more than 41 major ongoing projects with a total value of approximately ₹11,953.31 lakhs. As of March 31, 2024, invoices totalling more than ₹2,115.54 lakhs have been booked, leaving an unexecuted or unbilled order book of ₹9,837.75 lakhs.
As of December 31, 2023, the workforce consists of over 270 employees, including more than 200 engineers and technicians.
Winsol Engineers Limited's revenue increased by 7.64% and profit after tax (PAT) rose by 377.66% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 3,565.34 | 2,856.01 | 2,764.80 | 1,816.83 |
| Total Income | 5,202.28 | 6,544.53 | 6,080.00 | 2,224.58 |
| Profit After Tax | 677.26 | 518.07 | 108.46 | 49.44 |
| Net Worth | 1,527.15 | 873.89 | 343.93 | 238.55 |
| Reserves and Surplus | 685.15 | 871.89 | 341.93 | 236.55 |
| Total Borrowing | 846.76 | 1,058.84 | 928.90 | 814.49 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Winsol Engineers IPO is ₹86.51 Cr.
KPI as of Sun, Dec 31, 2023.
| KPI | Values |
|---|---|
| ROE | 22.33% |
| ROCE | 11.71% |
| Debt/Equity | 0.55 |
| RoNW | 44.35% |
| PAT Margin | 13.04% |
| Price to Book Value | 4.13 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 6.15 | 7.83 |
| P/E (x) | 12.19 | 9.58 |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] The company is in Wind and Solar power generation installations/maintenance and material supply business that has been growing for the past few years and is set for bright prospects under Government of India’s renewable power generation plans and spending. This company marked growth in its top and bottom lines for the reported periods. Based on annualized FY24 earnings, the issue appears reasonably priced. Investors may invest in this lucrative offer for the medium to long term rewards. Read detail review...
| Listing Date | May 14, 2024 |
| BSE Script Code | |
| NSE Symbol | WINSOL |
| ISIN | INE0S3D01016 |
| Final Issue Price | ₹75 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹75.00 |
| Open | ₹365.00 |
| Low | ₹362.00 |
| High | ₹383.25 |
| Last Trade | ₹383.25 |
Winsol Engineers Ltd.
Shop No. 301, Madhav Commercial Complex,
Near Crystal Mall
Khodiyar Colony, Jamnagar- 361006
Jamnagar, Gujarat
Phone: 0288-271070
Email: info@winsol.info
Website: https://winsol.info/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: npil.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Winsol Engineers IPO is a SME IPO of 31,15,200 equity shares of the face value of ₹10 aggregating up to ₹23.36 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 1600.
The IPO opens on May 6, 2024, and closes on May 9, 2024.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Winsol Engineers IPO using UPI as a payment gateway. Zerodha customers can apply in Winsol Engineers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Winsol Engineers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Winsol Engineers IPO opens on May 6, 2024 and closes on May 9, 2024.
Winsol Engineers IPO lot size is 1600, and the minimum amount required for application is ₹1,20,000.
You can apply in Winsol Engineers 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 Winsol Engineers IPO will be done on Friday, May 10, 2024, and the allotted shares will be credited to your demat account by Monday, May 13, 2024. Check the Winsol Engineers IPO allotment status.
The Winsol Engineers IPO listing date is on Tuesday, May 14, 2024.
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