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Winny Immigration IPO is a fixed price issue of Rs 9.13 crores. The issue is entirely a fresh issue of 6.52 lakh shares.
Winny Immigration IPO bidding started from June 20, 2024 and ended on June 24, 2024. The allotment for Winny Immigration IPO was finalized on Tuesday, June 25, 2024. The shares got listed on NSE SME on June 27, 2024.
Winny Immigration IPO price is ₹140 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹140,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹280,000.
Interactive Financial Services Ltd is the book running lead manager of the Winny Immigration IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Winny Immigration IPO is Aftertrade Broking.
Refer to Winny Immigration IPO RHP for detailed information.
| IPO Date | June 20, 2024 to June 24, 2024 |
| Listing Date | June 27, 2024 |
| Face Value | ₹10 per share |
| Price | ₹140 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 652,000 shares (aggregating up to ₹9.13 Cr) |
| Fresh Issue | 652,000 shares (aggregating up to ₹9.13 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 1,518,000 |
| Share holding post issue | 2,170,000 |
| Market Maker portion | 34,000 shares Aftertrade Broking |
Winny Immigration IPO offers 652,000 shares. 309,000 (47.39%) to NII, 309,000 (47.39%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 34,000 (5.21%) |
| Other Shares Offered | 309,000 (47.39%) |
| Retail Shares Offered | 309,000 (47.39%) |
| Total Shares Offered | 652,000 (100%) |
Winny Immigration IPO opens on June 20, 2024, and closes on June 24, 2024.
| IPO Open Date | Thursday, June 20, 2024 |
| IPO Close Date | Monday, June 24, 2024 |
| Basis of Allotment | Tuesday, June 25, 2024 |
| Initiation of Refunds | Wednesday, June 26, 2024 |
| Credit of Shares to Demat | Wednesday, June 26, 2024 |
| Listing Date | Thursday, June 27, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 24, 2024 |
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹140,000 |
| Retail (Max) | 1 | 1000 | ₹140,000 |
| HNI (Min) | 2 | 2,000 | ₹280,000 |
| Lot Size Calculator | |||
The promoter of the company is Jignesh Patel.
| Share Holding Pre Issue | 83.63% |
| Share Holding Post Issue | 58.51% |
Incorporated in 2008, Winny Immigration and Education Services Ltd. is primarily involved in the visa consultancy business. The company assists individuals for study, travel, work, business, and migration purposes.
The company has assisted thousands of clients with immigration and visa processes, providing visa consultancy. With decades of experience and a network of 12 strategically located offices, they have effectively guided many clients through these complex procedures.
Winny offers visa guidance, immigration assistance, and documentation services.
The company provides consultations for the following services:
1. Training for Language Proficiency Examinations,
2. Consulting and processing a variety of Temporary Residence Visas,
3. Consulting and processing Permanent Residency Visas.
The company has 12 offices in Gujarat, Maharashtra, and Delhi, including branches, franchisees, and a virtual office in Canada.
As of March 31, 2024, the company has employed around 145 employees at various levels of the Organization.
Winny Immigration and Education Services Ltd's revenue decreased by -8% and profit after tax (PAT) dropped by -72.86% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 542.84 | 541.93 | 276.26 |
| Revenue | 1,102.12 | 1,197.91 | 1,004.07 |
| Profit After Tax | 39.27 | 144.71 | 127.63 |
| Net Worth | 230.72 | 191.46 | 46.75 |
| Reserves and Surplus | 78.92 | 188.16 | 43.45 |
| Total Borrowing | 206.84 | 232.02 | 127.91 |
| Amount in ₹ Lakhs | |||
The market capitalization of Winny Immigration IPO is Rs 30.38 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 18.60% |
| ROCE | 15.74% |
| Debt/Equity | 0.9 |
| RoNW | 17.02% |
| P/BV | 9.21 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.59 | 1.81 |
| P/E (x) | 54.12 | 77.36 |
The company proposes to use the Net Proceeds from the issue for the following objects:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. It marked static top lines for the last three fiscals, and posted decline in its bottom line for FY24. Based on FY24 earnings, the issue is exorbitantly priced. Small equity capital post-IPO indicates longer gestation period. There is no harm in skipping this pricey and high-risk bet. Read detail review...
The Winny Immigration IPO is subscribed 154.67 times on June 24, 2024 6:19:56 PM. The public issue subscribed 190.66 times in the retail category, times in the QIB category, and 109.65 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 109.65 |
| Retail | 190.66 |
| Total | 154.67 |
Total Application : 58,915 (190.66 times)
| Listing Date | June 27, 2024 |
| BSE Script Code | |
| NSE Symbol | WINNY |
| ISIN | INE0S9101013 |
| Final Issue Price | ₹140 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹140.00 |
| ₹240.00 |
| ₹240.00 |
| ₹252.00 |
| ₹252.00 |
Winny Immigration and Education Services Ltd
103-104, ATP Arcade, Above Mr. Bean's Coffee Shop,
Nr. National Handloom House,
Law Garden, Ahmedabad- 380006
Phone: 079-61906190
Email: compliance@winnyimmigration.com
Website: https://winnyimmigration.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Winny Immigration IPO is a SME IPO of 652,000 equity shares of the face value of ₹10 aggregating up to ₹9.13 Crores. The issue is priced at ₹140 per share. The minimum order quantity is 1000 Shares.
The IPO opens on June 20, 2024, and closes on June 24, 2024.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Winny Immigration IPO using UPI as a payment gateway. Zerodha customers can apply in Winny Immigration IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Winny Immigration IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Winny Immigration IPO opens on June 20, 2024 and closes on June 24, 2024.
Winny Immigration IPO lot size is 1000 Shares, and the minimum amount required is ₹140,000.
You can apply in Winny Immigration IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Winny Immigration IPO will be done on Tuesday, June 25, 2024, and the allotted shares will be credited to your demat account by Wednesday, June 26, 2024. Check the Winny Immigration IPO allotment status.
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