29-Apr-2024
2 mins read
Winsol Engineers IPO is open for subscription starting Monday, May 6, 2024, and closing on Thursday, May 9, 2024. The price band of this upcoming IPO is decided at Rs 71 to Rs 75 per share. The minimum lot size set for the retail category is 1600 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 3200 shares. The minimum investment required for retail category investors is Rs 1,20,000 (75 x 1600 shares). However, for the HNI category, the minimum investment amount required is Rs 2,40,000 (75 x 3200 shares). Winsol Engineers IPO is a book-built issue of Rs 23.36 crores. This upcoming IPO is a fresh issue of 31.15 lakh equity shares. The offer-for-sale component is not available on this issue. The allotment for this new IPO is expected to be finalised on Friday, May 10, 2024. Winsol Engineers IPO will be listed on NSE SME, and the listing date is fixed on Tuesday, May 14, 2024. The book-running lead manager of Winsol Engineers IPO is Beeline Capital Advisors Private Limited. The registrar for this IPO is Kfin Technologies Limited. The market maker of this issue is Spread X Securities.
About Winsol Engineers Limited Profile
Winsol Engineers Limited, incorporated in 2015, is the fastest-growing organisation that serves renewable solutions. It provides integrated engineering, procurement, construction and commissioning services for balance-of-plant solutions for both wind and solar power-generating firms. Winsol’s core services for BoP solutions include foundation work, substation civil and electrical work and right-of-way services. In addition to its core business, the company also provides operation and maintenance services for plant handling and monitoring. Their clients in the renewables energy industry give a lead to other clients due to their historical track record of timely completion of projects. Winsol Engineers has a total team of more than 200 engineers and technicians who execute various projects. The company has been executing various projects on a Turnkey basis for various clients including Suzlon, KP Green, Adani Green, Powerica Limited.
Objectives of Winsol Engineers IPO
The net proceeds from this initial public offering will be used to cover the working capital requirements for smooth functioning of the company. Additionally, general corporate purposes will also be covered.
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Financials of Winsol Engineers Limited (Amt in Rs Lakhs)
Winsol Engineers posted a revenue of Rs 5.202.28 lakhs and PAT of Rs 677.26 lakhs for the period ending on 31 December 2023. The company revenue increased by 7.64% and PAT increased by 377.66% for the FY ended on 31 March 2023 and 31 March 2022.
| Period Ended | 31-Dec-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 3,565.34 | 2,856.01 | 2,764.80 | 1,816.83 |
| Revenue | 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 | 928.9 | 814.49 |
Other Important Details of Winsol Engineers IPO
| IPO Date | May 6, 2024 to May 9, 2024 |
| Listing Date | 14-May-24 |
| Face Value | Rs 10 per share |
| Price Band | Rs 71 to Rs 75 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 3,115,200 shares amounting to Rs 23.36 crore |
| Fresh Issue | 3,115,200 shares amounting to Rs 23.36 crore |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 8,420,000 |
| Shareholding post issue | 11,535,200 |
| Market Maker portion | |
| Spread X Securities |
Time-Table of Winsol Engineers IPO
| IPO Open Date | Monday, May 6, 2024 |
| IPO Close Date | Thursday, May 9, 2024 |
| Basis of Allotment | Friday, May 10, 2024 |
| Initiation of Refunds | Monday, May 13, 2024 |
| Credit of Shares to Demat | Monday, May 13, 2024 |
| Listing Date | Tuesday, May 14, 2024 |
| Cut-off time for UPI mandate | 5 PM on May 9, 2024 |
Lot Size of Winsol Engineers IPO
| Application | Lots | Shares | Amount |
| Retail - Minimum | 1 | 1,600 | Rs 120,000 |
| Retail - Maximum | 1 | 1,600 | Rs 120,000 |
| HNI - Minimum | 2 | 3,200 | Rs 240,000 |
IPO Reservation of Winsol Engineers Limited
| Investor Category | Shares Offered |
| QIB Shares | Not more than 50 percent of the Issue |
| Retail Shares | Not less than 35 percent of the Issue |
| NII (HNI) Shares | Not less than 15 percent of the Issue |
Key Performance Indicator of Winsol Engineers Limited IPO
| KPI | Values |
| ROE | 74% |
| ROCE | 34.44% |
| Debt/Equity | 0.33 |
| RoNW | 23.98% |
EPS and P/E Ratio Post IPO
| Pre IPO | Post IPO | |
| EPS (Rs) | 13.58 | - |
| P/E | 5.82 | - |
Promoters of Winsol Engineers Limited and Their Holdings
The promoters of Winsol Engineers company are Mr. Ramesh Jivabhai Pindariya, Mrs. Amri Ramesh Pindariya, Ms. Pindariya Kashmira, Ms. Kashish Ramesh Pindariya And Mr. Kishor Jivabhai Pindariya.
| Shareholding Pre Issue | 100 percent |
| Shareholding Post Issue | 72.99 percent |
Lead Manager(s) of Winsol Engineers IPO
The lead manager for Winsol Engineers IPO is Beeline Capital Advisors Private Limited.
How do you apply for the Winsol Engineers IPO?
Wait for the public issue to open for subscription, then click here to apply for the Winsol Engineers Limited IPO with Bigul.
How do you check the allotment status of Winsol Engineers IPO?
The registrar for Winsol Engineers IPO is Kfin Technologies Limited. To check your allotment status, please click here.
FAQs
- What is the Winsol Engineers IPO?
Winsol Engineers IPO is a book-built issue of Rs 23.36 crores. This upcoming IPO is a fresh issue of 31.15 lakh equity shares. The offer-for-sale component is not available on this issue. The allotment for this new IPO is expected to be finalised on Friday, May 10, 2024.
- Who are the lead managers for the Winsol Engineers Limited IPO?
Beeline Capital Advisors Private Limited is appointed as the lead manager for the IPO.
- What is the role of Cameo Corporate Services Limited in this IPO?
Kfin Technologies Limited is the registrar for Winsol Engineers Limited, handling the IPO's administrative aspects.
- How can I apply for the Winsol Engineers IPO?
The public subscription of this new IPO will open on May 6, 2024. Click here to initiate the application process.
- How will the net proceeds from the IPO be utilised?
The net proceeds from this initial public offering will be used to cover the working capital requirements for smooth functioning of the company. Additionally, general corporate purposes will also be covered.
- How can I check the allotment status of the IPO?
Investors who applied can check the allotment status of the Winsol Engineers Limited IPO by visiting here. For further updates follow Bigul.
- What is the financial performance of Winsol Engineers Limited?
Winsol Engineers posted a revenue of Rs 5.202.28 lakhs and PAT of Rs 677.26 lakhs for the period ending on 31 December 2023. The company revenue increased by 7.64% and PAT increased by 377.66% for the FY ended on 31 March 2023 and 31 March 2022.
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