Winny Immigration and Education Services IPO (Winny Immigration IPO) Review

 
Winny Immigration IPO Review

IPO Open Date: June 20, 2024

IPO Close Date: June 24, 2024

IPO Price: ₹140 per share

Lot Size: 1000 Shares

Listing: June 27, 2024

Winny Immigration is scheduled to hit the market on June 20, 2024 and close on June 24, 2024. Winny Immigration plans to raise around ₹9.13 Cr through an IPO with a sale of up to 652,000 equity shares of ₹10 each. The Retail offered 50%, Other Shares Offered 50%.

Incorporated in 2008, Winny Immigration and Education Services Ltd. specializes in visa consultancy, aiding individuals with study, travel, work, business, and migration requirements. Over the years, the company has supported numerous clients through immigration and visa processes, leveraging its extensive experience and a network of 12 strategically positioned offices to navigate the complexities of these procedures effectively. Winny's services encompass visa guidance, immigration support, and documentation assistance, catering to a diverse range of needs such as training for language proficiency exams, processing temporary residence visas, and handling permanent residency applications.

With a presence in Gujarat, Maharashtra, Delhi, and a virtual office in Canada, Winny Immigration and Education Services Ltd. operates through 12 offices, including branches and franchise locations. As of March 31, 2024, the company boasts a workforce of approximately 145 employees across various organizational levels, demonstrating its commitment to providing comprehensive visa solutions and exceptional service to its clientele.

Winny Immigration and Education Services IPO (Winny Immigration IPO) Review



Winny Immigration IPO Details

Winny Immigration IPO opens on June 20, 2024, and closes on June 24, 2024. The Listing date for Winny Immigration IPO is on June 27, 2024. The price band for IPO is ₹140 per share and lot size of 1000 Shares.

IPO DateJune 20, 2024 to June 24, 2024
Listing DateJune 27, 2024
Price₹140 per share
Lot Size1000 Shares
Issue Size₹9.13 Cr
Face Value₹10 per share

Winny Immigration IPO Tentative Timetable

Winny Immigration opening date is June 20, 2024 and close date is June 24, 2024. The IPO allotment date is June 25, 2024. The refund initiation of IPO is on June 26, 2024. The credit of shares in demat account is on June 26, 2024. The listing date is on June 27, 2024.

EventDate
IPO OpeningJune 20, 2024
IPO ClosingJune 24, 2024
IPO Allotment DateJune 25, 2024
Refund InitiationJune 26, 2024
Shares Credit to DematJune 26, 2024
Lisiting DateJune 27, 2024

Winny Immigration IPO Lot Size

Lot Size of this IPO is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹140,000).

CategoryLotsSharesAmount
Retail(Minimum)11000₹140,000
Retail(Maximum)11000₹140,000
HNI (Minimum)22000₹240,000

Winny Immigration IPO Promoter Holding

Pre Issue Share Holding83.63%
Post Issue Share Holding58.51%

Winny Immigration IPO Review

Financially, Winny Immigration and Education Services Ltd. has faced challenges recently. For the fiscal year ending March 31, 2024, the company's revenue decreased by 8% to Rs. 1,102.12 lakhs, down from Rs. 1,197.91 lakhs in the previous year. The profit after tax (PAT) dropped significantly by 72.86%, from Rs. 144.71 lakhs in FY23 to Rs. 39.27 lakhs in FY24. Despite these setbacks, the company has maintained a stable asset base, with assets amounting to Rs. 542.84 lakhs as of March 31, 2024. The net worth of the company increased to Rs. 230.72 lakhs, up from Rs. 191.46 lakhs in FY23, indicating a positive trajectory in equity growth. However, the decline in profitability is a critical aspect that potential investors should consider. Key performance indicators show a return on equity (ROE) of 18.60%, a return on capital employed (ROCE) of 15.74%, and a debt/equity ratio of 0.9, reflecting a relatively leveraged but stable financial structure.

The upcoming IPO for Winny Immigration aims to raise Rs. 30.38 crore. The company plans to utilize the net proceeds for opening new offices in India, software development, debt repayment, branding and advertisement, and general corporate purposes. The issue is priced with a pre-IPO EPS of 2.59 and a post-IPO EPS of 1.81, translating to a P/E ratio of 54.12x pre-IPO and 77.36x post-IPO. These valuations indicate a high premium, which may be a point of concern for potential investors. Despite the high P/E ratio, the company’s strategy to expand its office network and enhance its technological capabilities could drive future growth. The use of IPO funds for debt repayment and branding efforts also suggests a focus on strengthening the company's financial position and market presence.

In conclusion, while Winny Immigration and Education Services Ltd. has a solid foundation and a significant market presence, the recent decline in profitability and the high valuation of the IPO necessitate cautious consideration. Investors looking at the IPO should weigh the company’s robust experience, extensive service offerings, and strategic growth plans against the financial challenges and premium pricing. For those with a medium to long-term investment horizon, Winny’s focus on expansion and technological advancement presents potential for growth, making it a compelling, albeit high-risk, investment opportunity.

Winny Immigration IPO Subscription Status (Bidding Details)

Table not found

Winny Immigration IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Winny Immigration IPO FAQs

What is Winny Immigration IPO?

Winny Immigration is issuing 652,000 equity shares with a face value of ₹10 each, totaling up to ₹9.13 Cr. The shares are being offered at a price of ₹140 each, with a minimum order quantity of 1000 shares.

Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Winny Immigration IPO will open?

Winny Immigration will open on June 20, 2024 for QIB, NII, and Retail Investors.

When Winny Immigration IPO will end?

Winny Immigration will end on June 24, 2024.

What is Winny Immigration IPO Size?

Winny Immigration IPO size is 9.13 Cr.

What is Winny Immigration IPO Price Band?

Winny Immigration price band is ₹140 per share.

What is the Winny Immigration IPO Allotment Date?

Winny Immigration allotment date is June 25, 2024.

What is the Winny Immigration IPO Listing Date?

Winny Immigration listing date is June 27, 2024. The IPO is to be listed on BSE and NSE.

How to Winny Immigration IPO through Zerodha?

To apply for the IPO “Winny Immigration” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Winny Immigration IPO through Upstox?

To apply for the IPO “Winny Immigration” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Winny Immigration IPO Allotment Status?

For Winny Immigration IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Winny Immigration IPO GMP?

You can check out here: Winny Immigration IPO GMP

Sharing Is Caring:
Avatar of Ishika Agarwal
About Ishika Agarwal

Ishika Agarwal is a seasoned financial writer with a strong background in the stock market and investment sector. Ishika has a passion for analyzing and interpreting complex financial data to provide valuable insights to her readers.

Leave a Comment