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Winsol Engineers IPO

Winsol Engineers IPO Dates, Price Band, Rating, Analysis, and Allotment Details 2024

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Winsol Engineers IPO

The initial public offering (IPO) of Winsol Engineers will open for subscription on May 06 and close on May 09, comprising fresh issues of Rs.23.36 Crore. An investor can apply for the issue for a minimum of 1600 shares and the listing will happen on May 14, 2024.

#1. Quick Intro to Winsol Engineers    

Winsol Engineers Limited (2015) is engaged in integrated engineering, procurement, construction and commissioning company providing Balance of Plant (BoP) Solutions for both Wind and Solar power generation companies. Our core services for BoP Solutions include Foundation work, Substation Civil and Electrical work, Right of Way services, Cabling to substation and Grid, and Miscellaneous work.

In addition to our core BoP Solutions, the company also provides Operation and Maintenance services for Plant handling and monitoring. the company ISO-9001-2015, ISO-14001-2015 & ISO-45001-2018 certified company demonstrating execution capabilities in quality

Check out the IPO allotment status on IPO Deliver.

#2. IPO Object of Winsol Engineers    

The company intends to use the IPO Funds for the following purposes:

  1. To meet the working capital requirement of the company
  2. General corporate purposes and issue expenses.

#3. Winsol Engineers Core Strengths

  1. End-to-end execution capability
  2. Optimal Utilization of resources
  3. Long term relation with customers
  4. Experienced promoters supported by the senior management team

#4. Winsol Engineers IPO Review & Rating

Issue Size Rs.23.36 Crore
Issue Price Rs.71-75 per share
Minimum Lot Size 1600 Shares
Total Profit (Latest) Rs.677.26 Lakhs
ROE 22.33%
ROCE (%) 11.71%
Listing on NSE SME
IPO Deliver Rating THREE

 

#5. Winsol Engineers IPO Dates, Price Band & Details

Winsol Engineers IPO will open on May 06, 2024, and close on May 09, 2024. The IPO is to be listed on May 14, 2024.

Type of issue Book Built Issue IPO
Issue Size Rs.23.36 Crore
Price Brand Rs.71-75 per share
Face Value Rs. 10/- per share
IPO Open Date May 06, 2024
IPO Close Date May 09, 2024
IPO Allotment Date May 10, 2024
Refund Date May 13, 2024
Share Credit Date May 13, 2024
Listing Date May 14, 2024

 

#6. Winsol Engineers IPO Offer Details

Winsol Engineers IPO’s total issue size is 31,15,200 shares, comprising the below-mentioned categories.

Offer Category Shares Offer Amount (Crore)
Fresh Issue 31,15,200 23.36
Offer for Sale (OFS) – –

 

#7. Winsol Engineers Financials Overview (Lakhs)

The following table sets forth the summary of financial information of the company for the period December 31, 2023, March 31, 2023 and March 31, 2022.

Category (Rs.) Dec 31, 2023 March 31, 2023 March 31, 2022
Total Revenue 5202.28 6544.53 6080.00
Net Worth 1527.15 873.89 343.93
Profit 677.26 518.07 108.46
Total Borrowings 846.76 1058.84 928.90

 

#8. Winsol Engineers Quantitative Factors

The following table sets forth the summary of financial information of the company for the period December 31, 2023, 2023, March 31, 2023 and March 31, 2022.

Category Dec 31, 2023 March 31, 2023 March 31, 2022
EPS (Rs.) 8.04 6.15 1.29
RoNW (%) 44.35 59.28 31.54
NAV (Rs.) 18.14 10.38 4.08

 

#9. Winsol Engineers Comparison with Other Peer Companies (Top 2)

Listed companies in India are comparable in all aspects of the business.

Company Names Total Revenue

(Rs. in Lakhs)

 RoNW (%) EPS(Rs.)
Konstelec Engineers 15031.46 56.40 6.53
– – – –

 

#10. Winsol Engineers Company Promoters

The company has five promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). (Top-2)

Sr. No. Name of Promoters
01. Ramesh Jivabhai Pindariya
02. Amri Ramesh Pindariya

 

#11. Winsol Engineers Pre-offer and Post-Offer Promoters Shareholding

Promoters Holding Percentage (%)
Pre-issue 100.00
Post-issue 72.99

 

#12. Winsol Engineers IPO Reservation Details

Winsol Engineers IPO total reservation shares are distributed between the below-mentioned categories.

Category Share Offered
QIB Shares Offered 50% of the Net Issue
Retail Shares Offered 35% of the Net Issue
NII (HNI) Shares Offered 15% of the Net Issue

 

#13. Winsol Engineers IPO – Lot Size

An investor can apply for a minimum of 1600 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:

Application Lot Size No. of Shares Amount (Rs.)
Retail (Min.) 1 1600 1,20,000
Retail (Max.) 1 1600 1,20,000
HNI (Min.) 2 3200 2,40,000

 

#14. Winsol Engineers IPO – Prospectus Copy

 An investor can download/view the Winsol Engineers prospectus copy, which the company filed to exchange, details are as follows.

Winsol Engineers IPO Prospectus
Draft Red Herring Prospectus (DRHP)
Red Herring Prospectus (RHP)

 

#15. Winsol Engineers IPO Registrar

Kfin Technologies Limited

Website: www.kfintech.com

#16. Winsol Engineers IPO Lead Managers

Beeline Capital Advisors Private Limited

Website: www.beelinecapital.com

#17. Winsol Engineers IPO Application (How to Apply for an IPO)

There are three primary options for applying for a Winsol Engineers IPO, details are as follows:

Option-1 Apply for IPO through Internet Banking

Step-1. Log into your bank account.

Step-2. In the invest Tab, you will see ASBA, click on it.

Step-3. Choose to apply for IPO and select the ongoing IPO “Winsol Engineers Limited”

Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.

Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.

Option-2 Apply for IPO through a Broker firm

Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)

Step-2. Click on the IPO tab and select the ongoing IPO “Winsol Engineers Limited”

Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.

Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.

Option-3 Apply for IPO Offline Mode Bank mode

Step-1. Visit the nearest branch of your bank.

Step-2. Fill out the ASBA form and submit it with KYC details.

Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.

#18. Winsol Engineers Company Details

Winsol Engineers Limited

Registered Office: Shop No.301, Madhav Commercial Complex, Near Crystal Mall, Khodiyar Colony, Jamnagar-361006

Email: info@winsol.info

Website: www.winsol.info

Investor Grievances/Compliance Officer: Rishibha Kasat

#19. Winsol Engineers Subsidiary Companies (Top 2)

Sr.No. Name of Companies (Indian)
01. –
02. –

 

#20. Winsol Engineers Company Board (Top 2)

Sr. No. Name of Directors
01. Ramesh Jivabhai Pindariya
02. Amri Ramesh Pindariya

 

Winsol Engineers IPO – Frequently Asked Questions (FAQs)

#1. What is an Winsol Engineers IPO?

Winsol Engineers brings its IPO of Rs. 23.36 Crore, on May 06, 2024, with a price band of Rs.71-75 per share.

 

#2. What is the Winsol Engineers IPO Open date?

Winsol Engineers IPO’s opening date is May 06, 2024.

 

#3. What is the Winsol Engineers IPO Close Date?

Winsol Engineers IPO’s closing date is May 09, 2024.

 

 #4. What is the Winsol Engineers IPO Listing date?

Winsol Engineers’s IPO listing date is May 14, 2024.

 

#5. What is the Winsol Engineers IPO Minimum investment amount?

Winsol Engineers IPO’s minimum investment amount is Rs. 1,20,000.

 

#6. What is the Winsol Engineers IPO offer issue Size?

Winsol Engineers offers an issue size of Rs.23.36 Crore.

 

#7. What is the Winsol Engineers IPO Price Band?

Winsol Engineers’s IPO price band is Rs.71-75 per share.

 

#8. Is Winsol Engineers IPO mainboard IPO or SME IPO?

Winsol Engineers IPO is an SME IPO.

 

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