Winsol Engineers IPO Review

 
Winsol Engineers IPO Review

IPO Open Date: May 6, 2024

IPO Close Date: May 9, 2024

IPO Price: ₹71 to ₹75 per share

Lot Size: 1300 Shares

Listing: May 14, 2024

Winsol Engineers is scheduled to hit the market on May 06, 2024 and close on May 09, 2024. Winsol Engineers plans to raise around ₹23.36 Cr through an IPO with a sale of up to 3,115,200 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.

Winsol Engineers, established in December 2015, specializes in providing comprehensive engineering, procurement, construction, and commissioning services for Balance of Plant (BoP) Solutions in the solar and wind power sectors. Their core offerings encompass foundation work, substation civil and electrical work, and right-of-way services. With certifications in ISO-9001-2015, ISO-14001-2015, and ISO-45001-2018, the company showcases its commitment to quality execution. The team at Winsol comprises over 200 skilled engineers and technicians dedicated to project delivery.

As of April 2024, Winsol Engineers is actively managing more than 41 major projects valued at around ₹11,953.31 lakhs. By the end of March 2024, invoices totaling over ₹2,115.54 lakhs had been processed, leaving an order book of ₹9,837.75 lakhs. With a workforce exceeding 270 employees as of December 31, 2023, including a strong contingent of engineers and technicians, Winsol continues to make significant strides in the field of BoP solutions for renewable energy generation.

Winsol Engineers



Winsol Engineers IPO Details

Winsol Engineers IPO opens on May 06, 2024, and closes on May 09, 2024. The Listing date for Winsol Engineers IPO is on May 14, 2024. The price band for IPO is ₹71 to ₹75 per share and lot size of 1600 Shares.

IPO DateMay 06, 2024 to May 09, 2024
Listing DateMay 14, 2024
Price₹71 to ₹75 per share
Lot Size1600 Shares
Issue Size₹23.36 Cr
Face Value₹10 per share

Winsol Engineers IPO Tentative Timetable

Winsol Engineers opening date is May 06, 2024 and close date is May 09, 2024. The IPO allotment date is May 10, 2024. The refund initiation of IPO is on May 13, 2024. The credit of shares in demat account is on May 13, 2024. The listing date is on May 14, 2024.

EventDate
IPO OpeningMay 06, 2024
IPO ClosingMay 09, 2024
IPO Allotment DateMay 10, 2024
Refund InitiationMay 13, 2024
Shares Credit to DematMay 13, 2024
Lisiting DateMay 14, 2024

Winsol Engineers IPO Lot Size

Lot Size of this IPO is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹120,000).

CategoryLotsSharesAmount
Retail(Minimum)11600₹120,000
Retail(Maximum)11600₹120,000
HNI (Minimum)23200₹240,000

Winsol Engineers IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding72.99%

Winsol Engineers IPO Review

Winsol Engineers Limited, a company specializing in integrated engineering services for solar and wind power generation firms, has recently launched its Initial Public Offering (IPO). With a Pre-Issue Share Holding of 100% and a Post-Issue Share Holding of 72.99%, the IPO has garnered significant attention in the market. Winsol Engineers Limited, established in December 2015, holds prestigious ISO certifications, reflecting its commitment to quality and execution capabilities.

The financial performance of Winsol Engineers Limited showcases impressive growth, with a notable increase in revenue and profit after tax over the past few financial years. As of December 31, 2023, the company reported a Revenue of ₹5,202.28 lakhs and a Profit After Tax of ₹677.26 lakhs. Moreover, key performance indicators such as Return on Equity (ROE) at 22.33% and Return on Net Worth (RoNW) at 44.35% exhibit the company's strong financial standing and efficiency in utilizing resources.

Investors considering Winsol Engineers Limited IPO can assess its attractive Price-to-Earnings (P/E) ratio of 9.58 post-issue and Earnings Per Share (EPS) of Rs 7.83. The company's focus on utilizing the issue proceeds for working capital requirements and general corporate purposes indicates a strategic approach towards sustaining growth and operational excellence. Overall, Winsol Engineers Limited IPO presents a compelling opportunity for investors seeking exposure to the flourishing renewable energy sector with a well-established and growth-oriented company.

Winsol Engineers IPO Subscription Status (Bidding Details)

Table not found

Winsol Engineers 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

Winsol Engineers IPO FAQs

What is Winsol Engineers IPO?

Winsol Engineers is issuing 3,115,200 equity shares with a face value of 10 each, totaling up to ₹23.36 Cr. The shares are being offered at a price of ₹71 to ₹75 each, with a minimum order quantity of 1300 shares.

Kfin Technologies Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Winsol Engineers IPO will open?

Winsol Engineers will open on May 06, 2024 for QIB, NII, and Retail Investors.

When Winsol Engineers IPO will end?

Winsol Engineers will end on May 09, 2024.

What is Winsol Engineers IPO Size?

Winsol Engineers IPO size is 23.36 Cr.

What is Winsol Engineers IPO Price Band?

Winsol Engineers price band is 71 to ₹75 per share.

What is the Winsol Engineers IPO Allotment Date?

Winsol Engineers allotment date is May 10, 2024.

What is the Winsol Engineers IPO Listing Date?

Winsol Engineers listing date is May 14, 2024. The IPO is to be listed on BSE and NSE.

How to Winsol Engineers IPO through Zerodha?

To apply for the IPO “Winsol Engineers” 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 Winsol Engineers IPO through Upstox?

To apply for the IPO “Winsol Engineers” 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 Winsol Engineers IPO Allotment Status?

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

What is Winsol Engineers IPO GMP?

You can check out here: Winsol Engineers IPO GMP

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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.

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