Winny Immigration and Education Services Ltd IPO Detail
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.
Company Promoters
Jignesh PatelIPO Details
| IPO Opening Date | Jun 20, 2024 |
| IPO Closing Date | Jun 24, 2024 |
| Issue Type | Fixed Price Issue FPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹140 per equity share |
| Market Lot | 1000 Shares |
| Min Order Quantity | 1000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹9.13 Cr |
| Fresh Issue | ₹9.13 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | 0.00x | 0.00x | 11.38x | 8.16x | 10.12x |
| Day 2 | 0.00x | 0.00x | 0.00x | 18.58x | 35.73x | 27.85x |
| Day 3 | 0.00x | 0.00x | 0.00x | 109.65x | 190.66x | 154.67x |
IPO Tentative Timetable
The Winny Immigration and Education Services Ltd IPO open date is Jun 20, 2024, and the close date is Jun 24, 2024. The issue may list on Jun 27, 2024.
| IPO Open Date | Jun 20, 2024 |
| IPO Close Date | Jun 24, 2024 |
| Basis of Allotment Date | Jun 25, 2024 |
| Initiation of Refunds | Jun 26, 2024 |
| Credit of Shares to Demat Account | Jun 26, 2024 |
| IPO Listing Date | Jun 27, 2024 |
IPO Lot Size
The Winny Immigration and Education Services Ltd IPO market lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹140000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1000 | ₹140000 |
| Maximum | 1 | 1000 | ₹140000 |
IPO Promoter Holding
| Pre Issue Share Holding | 83.63% |
| Post Issue Share Holding | 58.51% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-22 | 276.26 | 1004.07 | 127.63 |
| 31-Mar-23 | 541.93 | 1197.91 | 144.71 |
| 31-Mar-24 | 542.84 | 1102.12 | 39.27 |
Objects of the Issue:
The company proposes to use the Net Proceeds from the issue for the following objects:
- Opening new offices in India
- Software development
- Repayment of Debt
- Branding and Advertisement
- General Corporate Purpose
- Meeting Public Issue Expenses.
Winny Immigration and Education Services Ltd IPO Registrar:
Bigshare Services Pvt Ltd
Winny Immigration and Education Services Ltd IPO Lead Manager(s):
Interactive Financial Services Ltd
Company Contact Information:
Winny Immigration and Education Services Ltd
103-104, ATP Arcade, Above Mr. Bean's Coffee Shop,
Nr. National Handloom House,
Law Garden, Ahmedabad- 380006
