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Winsol Engineers IPO is a book built issue of Rs 23.36 crores. The issue is entirely a fresh issue of 31.15 lakh shares.
Winsol Engineers IPO bidding started from May 6, 2024 and ended on May 9, 2024. The allotment for Winsol Engineers IPO was finalized on Friday, May 10, 2024. The shares got listed on NSE SME on May 14, 2024.
Winsol Engineers IPO price band is set at ₹71 to ₹75 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹240,000.
Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Winsol Engineers IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Winsol Engineers IPO is Spread X Securities.
Refer to Winsol Engineers IPO RHP for detailed information.
| IPO Date | May 6, 2024 to May 9, 2024 |
| Listing Date | May 14, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹71 to ₹75 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 3,115,200 shares (aggregating up to ₹23.36 Cr) |
| Fresh Issue | 3,115,200 shares (aggregating up to ₹23.36 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 8,420,000 |
| Share holding post issue | 11,535,200 |
| Market Maker portion | 158,400 shares Spread X Securities |
Winsol Engineers IPO offers 3,115,200 shares. 593,600 (19.05%) to QIB, 444,800 (14.28%) to NII, 1,035,200 (33.23%) to RII and 883,200 (28.35%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 883,200 (28.35%) |
| Market Maker Shares Offered | 158,400 (5.08%) |
| QIB Shares Offered | 593,600 (19.05%) |
| NII (HNI) Shares Offered | 444,800 (14.28%) |
| Retail Shares Offered | 1,035,200 (33.23%) |
| Total Shares Offered | 3,115,200 (100%) |
Winsol Engineers IPO raises Rs 6.62 crore from anchor investors. Winsol Engineers IPO Anchor bid date is May 3, 2024. Winsol Engineers IPO Anchor Investors list
| Bid Date | May 3, 2024 |
| Shares Offered | 883,200 |
| Anchor Portion Size (In Cr.) | 6.62 |
| Anchor lock-in period end date for 50% shares (30 Days) | June 9, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | August 8, 2024 |
Winsol Engineers IPO opens on May 6, 2024, and closes on May 9, 2024.
| 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 confirmation | 5 PM on May 9, 2024 |
Investors can bid for a minimum of 1600 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 | 1600 | ₹120,000 |
| Retail (Max) | 1 | 1600 | ₹120,000 |
| HNI (Min) | 2 | 3,200 | ₹240,000 |
| Lot Size Calculator | |||
The Promoters of the company namely Mr. Ramesh Jivabhai Pindariya, Mrs. Amri Ramesh Pindariya, Ms. Pindariya Kashmira, Ms. Kashish Ramesh Pindariya And Mr. Kishor Jivabhai Pindariya.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 72.99% |
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.
Winsol Engineers Limited's revenue increased by 7.64% and profit after tax (PAT) rose by 377.66% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| 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 | 928.90 | 814.49 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Winsol Engineers IPO is Rs 86.51 Cr.
KPI as of December 31, 2023.
| KPI | Values |
|---|---|
| ROE | 22.33% |
| ROCE | 11.71% |
| Debt/Equity | 0.55 |
| RoNW | 44.35% |
| P/BV | 4.13 |
| PAT Margin (%) | 13.04 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.15 | 7.83 |
| P/E (x) | 12.19 | 9.58 |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] The company is in Wind and Solar power generation installations/maintenance and material supply business that has been growing for the past few years and is set for bright prospects under Government of India’s renewable power generation plans and spending. This company marked growth in its top and bottom lines for the reported periods. Based on annualized FY24 earnings, the issue appears reasonably priced. Investors may invest in this lucrative offer for the medium to long term rewards. Read detail review...
The Winsol Engineers IPO is subscribed 682.14 times on May 9, 2024 6:19:56 PM. 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) |
|---|---|
| QIB | 207.23 |
| NII | 1,087.81 |
| Retail | 780.15 |
| Total | 682.14 |
Total Application : 504,758 (780.15 times)
| Listing Date | May 14, 2024 |
| BSE Script Code | |
| NSE Symbol | WINSOL |
| ISIN | INE0S3D01016 |
| Final Issue Price | ₹75 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹75.00 |
| ₹365.00 |
| ₹362.00 |
| ₹383.25 |
| ₹383.25 |
Winsol Engineers Limited
Shop No. 301, Madhav Commercial Complex,
Near Crystal Mall
Khodiyar Colony, Jamnagar- 361006
Phone: 0288-271070
Email: info@winsol.info
Website: https://winsol.info/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: npil.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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Winsol Engineers IPO is a SME IPO of 3,115,200 equity shares of the face value of ₹10 aggregating up to ₹23.36 Crores. The issue is priced at ₹71 to ₹75 per share. The minimum order quantity is 1600 Shares.
The IPO opens on May 6, 2024, and closes on May 9, 2024.
Kfin Technologies Limited 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 May 6, 2024 and closes on May 9, 2024.
Winsol Engineers IPO lot size is 1600 Shares, and the minimum amount required is ₹120,000.
You can apply in Winsol Engineers 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 Winsol Engineers IPO will be done on Friday, May 10, 2024, and the allotted shares will be credited to your demat account by Monday, May 13, 2024. Check the Winsol Engineers IPO allotment status.
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RHP
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1. Net Profit - 9.1 cr vs 5 cr (80% Growth)
2. H2 Profit - 4.68 cr vs 1.73 cr (270% Growth)
3. EPS - Rs. 10.79 vs 6.1 (80% Growth)
4. PE - 35× from tomorrow Vs (Min: 60, Max: 85 PE traded - from listing day to today, i.e from Rs. 365 to 480)
5. Order Book @ 120 Cr
6. 2000 MW power Executed already
7. Last week (27th May, 2024) - Company Received 14 cr worth of projects from WYN Renewables for supply of 66 KV Transmission line (To be completed in Nov 2024)
8. Expecting 2-3 small orders like this in next week too
9. Major Clients are Suzlon, NTPC Renewables, Adani Renewables, KP Energy, INOX Wind
10. Gujarat Based Company - Huge positive