Winsol Engineers Limited IPO Detail
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.
Company Promoters
Mr. Ramesh Jivabhai Pindariya, Mrs. Amri Ramesh Pindariya, Ms. Pindariya Kashmira, Ms. Kashish Ramesh Pindariya And Mr. Kishor Jivabhai Pindariya.IPO Details
| IPO Opening Date | May 06, 2024 |
| IPO Closing Date | May 09, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹71 - 75 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | NSE SME |
| Issue Size | ₹23.36 Cr |
| Fresh Issue | ₹23.36 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 1.13x | 0.00x | 0.00x | 22.78x | 53.95x | 32.14x |
| Day 2 | 1.22x | 0.00x | 0.00x | 100.68x | 185.69x | 114.65x |
| Day 3 | 16.56x | 0.00x | 0.00x | 202.97x | 374.20x | 235.09x |
| Day 4 | 207.23x | 0.00x | 0.00x | 1087.81x | 780.15x | 682.14x |
IPO Tentative Timetable
The Winsol Engineers Limited IPO open date is May 06, 2024, and the close date is May 09, 2024. The issue may list on May 14, 2024.
| IPO Open Date | May 06, 2024 |
| IPO Close Date | May 09, 2024 |
| Basis of Allotment Date | May 10, 2024 |
| Initiation of Refunds | May 13, 2024 |
| Credit of Shares to Demat Account | May 13, 2024 |
| IPO Listing Date | May 14, 2024 |
IPO Lot Size
The Winsol Engineers Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹120000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹120000 |
| Maximum | 1 | 1600 | ₹120000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 72.99% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 1816.83 | 2224.58 | 49.44 |
| 31-Mar-22 | 2764.80 | 6080.00 | 108.46 |
| 31-Mar-23 | 2856.01 | 6544.53 | 518.07 |
| 31-Dec-23 | 3565.34 | 5202.28 | 677.26 |
Objects of the Issue:
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- Working Capital Requirements
- General Corporate Purposes
Winsol Engineers Limited IPO Registrar:
KFin Technologies Limited
Winsol Engineers Limited IPO Lead Manager(s):
Beeline Capital Advisors Pvt Ltd
Company Contact Information:
Winsol Engineers Limited
Shop No. 301, Madhav Commercial Complex,
Near Crystal Mall
Khodiyar Colony, Jamnagar- 361006
