Winny Immigration and Education Services Limited (Winny Immigration IPO)

Winny Immigration IPO is open for subscription starting Thursday, June 20, 2024, and closing on Monday, June 24, 2024. The price of this upcoming IPO is decided at Rs 140 per share. The minimum lot size set for the retail category is 1000 shares. Meanwhile, the minimum lot size for the HNI category is two lots consisting of 2000 shares. The minimum investment required for retail category investors is Rs 1,40,000 ( 140 x 1000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,80,000 (140 x 2000 shares). Winny Immigration IPO is a fixed price issue of Rs 9.13 crores. This upcoming IPO is entirely a fresh issue of 6.52 lakh equity shares. The allotment for this new IPO is expected to be finalised on Tuesday, June 25, 2024. Winny Immigration IPO will be listed on NSE SME, and the listing date is fixed on Thursday, June 27, 2024. The book-running lead manager of Winny Immigration IPO is Interactive Financial Services Limited. The registrar for this IPO is Bigshare Services Private Limited. The market maker for this IPO is Beeline Broking.

Also Read | Kshitij Polyline Limited Rights Issue: What Investors Must Know?

About Winny Immigration and Education Services Limited

Winny Immigration and Education Services Limited, incorporated in 2008, is primarily involved in the Visa consultancy business. They assist the individual with studying, travelling, working, and conducting business and migration processes. Winny Immigration company has assisted more than 1000 clients with immigration and visa processes by providing visa consultancy. The company's team has decades of experience and a network of 12 strategically located offices. They have smartly guided many clients through these complex procedures. The company provides consultation for the following services – Training for language proficiency examinations, consulting and processing a variety of temporary residence visas and permanent residence visas. Winny has 12 offices in Gujarat, Maharashtra, and Delhi, including branches, franchisees and virtual offices in Canada. As per the latest information available, the company has a team of around 145 employees at various levels of organisation.

Objectives of Winny Immigration IPO

The funds will be allocated for opening new offices in India, software development, debt repayment, branding and advertising, general corporate purposes, and meeting public issue expenses.

Financials of Winny Immigration and Education Services Limited (Amt in Rs Lakhs)

Winny Immigration posted revenue of Rs 1,102.12 lakhs and net profit of Rs 39.27 lakhs for the period ending on 31 Jan 2024. Earlier, in the period ending on 31 March 2023, the firm reported a revenue of Rs 1,197.91 lakhs and PAT of Rs 144.71 lakhs. The company’s revenue decreased by -8% and profit after tax dropped by -72.86% between the FY ending on 31st March 2024 and 31st  March 2023.

Other Important Details of Winny Immigration IPO

Time-Table of Winny Immigration IPO

Lot Size of Winny Immigration IPO

IPO Reservation of Winny Immigration and Education Services Limited

Performance Indicator of Winny Immigration and Education Services Limited

The market capitalization of Winny Immigration is Rs 30.38 crore.

EPS and P/E Ratio Post IPO

Promoters of Winny Immigration Company and Their Holdings

The promoter of Winny Immigration company is Jignesh Patel.

Lead Manager(s) of Winny Immigration IPO

The lead manager for Winny Immigration IPO is Interactive Financial Services Limited.

How do you apply for the Winny Immigration IPO?

Wait for the public issue to open for subscription, then click here to apply for the Winny Immigration IPO with Bigul.

How do you check the allotment status of Winny Immigration IPO?

Bigshare Services Private Limited is the registrar for Winny Immigration IPO. To check your allotment status, please click here.

FAQs

1. What are the details of the Winny Immigration IPO?

Winny Immigration IPO is a fixed price issue of Rs 9.13 crores. This upcoming IPO is entirely a fresh issue of 6.52 lakh equity shares. The allotment for this new IPO is expected to be finalised on Tuesday, June 25, 2024. 

2. Who are the lead managers for the Winny Immigration IPO?

Interactive Financial Services Limited is appointed as the lead manager for the IPO.

3. What is the role of Kfin Technologies Private Limited in this IPO?

Bigshare Services Private Limited is the registrar for Winny Immigration Limited, handling the IPO's administrative aspects.

4. How can I apply for the Winny Immigration IPO?

The public subscription of this new IPO will open on June 19, 2024. Click here to initiate the application process.

5. How will the net proceeds from the IPO be utilised?

The funds will be allocated for opening new offices in India, software development, debt repayment, branding and advertising, general corporate purposes, and meeting public issue expenses.

6. How can I check the allotment status of the IPO?

Investors who applied can check the allotment status of the Winny Immigration Limited IPO by visiting here. For further updates follow Bigul. 

7. What is the financial performance of Winny Immigration and Education Services Limited?

Winny Immigration posted revenue of Rs 1,102.12 lakhs and net profit of Rs 39.27 lakhs for the period ending on 31 Jan 2024.  The company’s revenue decreased by -8% and profit after tax dropped by -72.86% between the FY ending on 31st March 2024 and 31st  March 2023. 

Also Read | Medicamen Organics IPO: Check out details before applying