The Winsol Engineers date has been confirmed from May 6, 2024 and closes on May 9, 2024. Read the post to learn about Winsol Engineers IPO GMP.
Winsol Engineers IPO is a fixed price issue of Rs 23.36 crores. The 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.
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Key Details Of Winsol Engineers IPO
Bidding Dates
May 6-9
Price Range
₹71 to ₹75 per share
Face Value
₹10 per share
GMP
₹199
Winsol Engineers IPO GMP
The Winsol Engineers IPO GMP is ₹199.
IPO Overview
Winsol Engineers’ IPO is a book-built issuance worth Rs 23.36 crore. The offering is wholly new, consisting of 31.15 lakh shares. Winsol Engineers’ initial public offering (IPO) will begin on May 6, 2024 and end on May 9, 2024. The allotment for Winsol Engineers’ IPO is expected to be finalised on Friday, May 10, 2024. Winsol Engineers’ IPO will be listed on NSE SME, with a tentative listing date of Tuesday, May 14, 2024.
Its IPO price range is set at ₹71 to ₹75 per share. The minimum lot size for an application is 1600 shares. Retail investors demand a minimum investment of ₹120,000. The minimum investment for HNI is 2 lots (3,200 shares) worth ₹240,000.
Winsol Engineers IPO Details
| IPO Date | May 6, 2024 to May 9, 2024 |
| Listing Date | [.] |
| 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 |
Winsol Engineers Limited Financial Information
| 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 | ||||
Winsol Engineers IPO Timeline
| 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 |
Company Profile
Winsol Engineers Limited, founded in December 2015, provides comprehensive engineering, procurement, construction, and commissioning services for Balance of Plant (BoP) Solutions to both solar and wind power producing companies. The company’s primary services for BoP Solutions include foundation work, substation civil and electrical work, and right-of-way maintenance. The company’s ISO-9001-2015, ISO-14001-2015, and ISO-45001-2018 certifications demonstrate its quality execution capabilities. The company’s project execution team
consists of more than 200 engineers and technicians. As of April 2024, they have over 41 big current projects worth roughly ₹11,953.31 lakhs. As of March 31, 2024, invoices of more than ₹2,115.54 lakhs were booked, leaving an unexecuted or unbilled order book of ₹9,837.75 lakhs. As of December 31, 2023, there are over 270 people, including over 200 engineers and technicians.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | [email protected] |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Winsol Engineers Limited |
| Phone number | 0288-271070 |
| Email ID | [email protected] |
| Website | winsol.info |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Winsol Engineers IPO FAQs
When Winsol Engineers IPO will open?
The Winsol Engineers IPO opens on May 6, 2024 and closes on May 9, 2024.
What is the lot size of Winsol Engineers IPO?
Winsol Engineers IPO lot size is 1600 Shares, and the minimum amount required is ₹120,000.
When is Winsol Engineers IPO allotment?
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.
When is Winsol Engineers IPO listing date?
The Winsol Engineers IPO listing date is not yet announced. The tentative date of Winsol Engineers IPO listing is Tuesday, May 14, 2024.
