Bookbuilding IPO | ₹23 Cr | Listed at NSE SME | Mon, May 6, 2024 - Thu, May 9, 2024
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 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,20,000 (1600 shares) (based on upper price). The minimum lot size for investment in 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 Open
Mon, May 6, 2024
IPO Close
Thu, May 9, 2024
Issue Price
₹75 per share
Market Cap (Pre-IPO)
₹86.51 Cr
| IPO Date | 6 to 9 May, 2024 |
| Listed on | Tue, May 14, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹71 to ₹75 |
| Issue Price | ₹75 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 31,15,200 shares (agg. up to ₹23 Cr) |
| Reserved for Market Maker | 1,58,400 shares Spread X Securities Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 29,56,800 shares (agg. up to ₹22 Cr) |
| Net Offered to Public | 29,56,800 shares (agg. up to ₹22 Cr) |
| Share Holding Pre Issue | 84,20,000 shares |
| Share Holding Post Issue | 1,15,35,200 shares |
| NSE Symbol | WINSOL |
| ISIN | INE0S3D01016 |
Winsol Engineers IPO comprises a total issue size of 31,15,200 shares. The net offer to the public is 29,56,800 shares, after excluding 1,58,400 shares allotted on a firm basis. Of the Net offer 14,76,800 (49.95%) are allocated to QIB, 4,44,800 (15.04%) allocated to NII 10,35,200 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 14,76,800 | 49.95% | 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 | 15.04% | 14.28% |
| Retail Shares Offered | 10,35,200 | 35.01% | 33.23% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,58,400 | 5.08% | |
| Total Shares Offered | 31,15,200 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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 |
Winsol Engineers IPO raises ₹6.62 crore from anchor investors. Winsol Engineers IPO Anchor bid date is May 3, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, May 3, 2024 |
| Shares Offered | 8,83,200 |
| Anchor Portion (₹ Cr.) | 6.62 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Jun 9, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Aug 8, 2024 |
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.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 35.65 | 28.56 | 27.65 | 18.17 |
| Total Income | 52.02 | 65.45 | 60.80 | 22.25 |
| Profit After Tax | 6.77 | 5.18 | 1.08 | 0.49 |
| NET Worth | 15.27 | 8.74 | 3.44 | 2.39 |
| Reserves and Surplus | 6.85 | 8.72 | 3.42 | 2.37 |
| Total Borrowing | 8.47 | 10.59 | 9.29 | 8.14 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirements | 15.00 |
| 2 | General Corporate Purposes | 5.31 |
| Total | 20.31 |
| KPI | Dec 31, 2023 |
|---|---|
| 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 (₹) | 6.15 | 7.83 |
| P/E (x) | 12.19 | 9.58 |
| Promoter Holding | 100.00% | 72.99% |
| Market Cap | ₹86.51 Cr. |
The Winsol Engineers IPO is subscribed 682.14 times on May 9, 2024 6:19:56 PM (Day 4). The public issue subscribed 780.15 times in the retail category, 207.23 times in the QIB category, and 1,087.81 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 207.23 | 5,93,600 | 12,30,12,800 |
| NII* | 1,087.81 | 4,44,800 | 48,38,57,600 |
| Retail | 780.15 | 10,35,200 | 80,76,12,800 |
| Total | 682.14 | 20,73,600 | 1,41,44,83,200 |
Total Application : 5,04,758
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees | 0.30 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable to Legal Advisors | 0.03 |
| 4 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.05 |
| 5 | Fees payable to Peer Review Auditor | 0.02 |
| 6 | Fees Payable to Market Maker (for Three Years) | 0.12 |
| 7 | Others (Fees payable for marketing & distributing expenses, selling commission, brokerage, processing fees, underwriting fees and miscellaneous expenses.) | 2.52 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹75.00 |
| Open | ₹365.00 |
| Low | ₹362.00 |
| High | ₹383.25 |
| Last Trade | ₹383.25 |
Lead Manager Reports
Winsol Engineers IPO is a SME IPO of 31,15,200 equity shares of the face value of ₹10 aggregating up to ₹23 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 1600.
The IPO opens on Mon, May 6, 2024, and closes on Thu, 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 Mon, May 6, 2024 and closes on Thu, 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 Mon, May 13, 2024. Check the Winsol Engineers IPO allotment status.
The Winsol Engineers IPO listing date is on Tue, May 14, 2024.
