May 14, 2024
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Winsol Engineers IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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Winsol Engineers IPO:
Post Listing Review:Listed at Rs. 365, premium of 386,87% over the issue price of Rs. 98. The listing has been much higher than the expectations of the grey market players.
What was the last GMP of Winsol Engineers IPO?*
Premium: Rs.200 (Solid listing expected)
Subject to Rs.242000
Check Subscription status of Winsol Engineers IPO
On 9 May 2024 @ 5.00 (Day 4) (Closed)
Review: Strong response from HNIs & RIIs
QIB: 1478400 Shares 207.23 T
NII: 443520 Shares 1087.81 T
RII: 1034880 Shares 780.15 T
Total: 2956800 Shares 682.14 T
Applications: 504758
What is the business of Winsol Engineers?
Located at Jamnagar, Winsol Engineers Limited is an integrated engineering, procurement, construction and commissioning company providing Balance of Plant (BoP) Solutions for both Wind and Solar power generation companies. Its core services for BoP Solutions includes Foundation work, Substation Civil and Electrical work, Right of Way services, Cabling to substation and Grid, and Miscellaneous work. Its clients are in the renewable energy industry who prefer the company for the BoP solutions due to its historic track record of timely completion of project, its expertise and extensive experience in the business and cost efficiency. In addition to its core BoP Solutions, the company also provides Operation and Maintenance services for Plant handling and monitoring. It is ISO-9001-2015, ISO-14001-2015 & ISO-45001-2018 certified company demonstrating our execution capabilities in quality.
The company has total team strength of more than 200 (Engineers and Technicians) for execution of various projects. The company has been executing various projects on a Turnkey basis for various clients including Suzlon, Adani Green Energy, Powerica Limited and KP Energy Limited. On materiality basis since 2018, the company has completed more than 55 Projects amounting to more than Rs. 17,000.00 lakhs showing our execution capabilities, both in terms of the size of projects and the number of projects that it executes. It has more than 41 Major Ongoing projects having total value of approximately Rs. 11,953.31 lakhs out of which invoices of more than Rs. 2,115.54 lakhs have been booked as on March 31, 2024 having into unexecuted or unbilled order book of Rs. 9,837.75 lakhs.
Balance of Plant solutions for Wind and Solar projects refers to all the components of a power generation facility excluding the main generating equipment.
Get more information about the company @ https://winsol.info/
| Winsol Engineers IPO Details | |
| IPO opens on | 6 May 2024 |
| IPO closes on | 9 May 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 3115200 Shares / Rs 23.36 Cr |
| * Fresh Issue | 3115200 Shares / Rs 23.36 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Market Maker Portion | 158400 Shares |
| Net offer to Public | 2956800 Shares/ Rs.22.18 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.71-75 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1600 Shares |
| Listing will at | NSE SME |
| Shares offered in Winsol Engineers IPO | ||
| Shares | Rs. (Crore) | |
| QIB (50%) | 1478400 | 11.09 |
| NII (15%) | 443520 | 3.33 |
| RII (35%) | 1034880 | 7.76 |
| Total Shares | 2956800 | 22.18 |
| Retail portion will be oversubscribed by | 647 | |
| Forms | ||
| How much Shares to Apply in Winsol Engineers IPO? | ||
| Min Retail Application | 1600 Shares | Rs. 120000 |
| Min HNI Application | 3200 Shares | Rs.240000 |
Who are the Promoters of Winsol Engineers IPO?
The Promoters of the company namely Mr. Ramesh Jivabhai Pindariya, Mrs. Amri Ramesh Pindariya, Ms. Pindariya Kashmira, Ms. Kashish Ramesh Pindariya And Mr. Kishor Jivabhai Pindariya
What are the Objects of Winsol Engineers IPO?
The Offer comprises only of a Fresh Issue of Equity shares.
The objects of the present issue of Equity Shares are:
1. Working Capital Requirements
2. General Corporate Purposes
| Winsol Engineers IPO Indicative timetable | |
| IPO opens on | 6 May 2024 |
| IPO Closes on | 9 May 2024 |
| IPO Allotment on | 10 May 2024 |
| Refund Initiation | 13 May 2024 |
| Credit of Shares | 13 May 2024 |
| Listing on | 14 May 2024 |
| Registered Office of the Company Winsol Engineers Limited Shop No. 301, Madhav Commercial Complex, Near Crystal Mall Khodiyar Colony, Jamnagar- 361006 |
| Who is the Lead Manager of Winsol Engineers IPO? Beeline Capital Advisors Pvt Ltd |
| Who is the Registrar to IPO? Kfin Technologies Limited |
| Winsol Engineers IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 22.25 | 0.49 | 0.59 | 20.72 |
| 2021-22 | 60.80 | 1.08 | 1.29 | 31.54 |
| 2022-23 | 65.44 | 5.18 | 6.15 | 59.28 |
| Book Value of the Share on | 31.08.2023 | Rs 10.38 | ||
| BV of the Share at cap price | after the IPO | Rs. ? | ||
| Offer Price/upper band | Rs. 75 | |||
| Winsol Engineers IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 12.20 |
| Price/BV Ratio | 7.23 |
| Upper price/BV after IPO | ? |
How Winsol Engineers IPO compares with the Peers?
How PE ratio of the company is arrived at is explained in our guidance given below:
| As per DRHP | FV | Total Income | PE Ratio |
| Rs. | In Crore | @ | |
| Winsol Engineers | 10 | 65.39 12.20 | |
| Konstelec Engineers | 10 | 150.31 | 38.67 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Winsol Engineers IPO To the point Guidance
Located at Jamnagar, Winsol Engineers Limited is an integrated engineering, procurement, construction and commissioning company providing Balance of Plant (BoP) Solutions for both Wind and Solar power generation companies. The company has been executing various projects on a Turnkey basis for various clients including Suzlon, Adani Green Energy, Powerica Limited and KP Energy Limited. On materiality basis since 2018, the company has completed more than 55 Projects
Size: The net offer is of Rs. 22.18 Crore/2956800 shares. Retail portion is Rs. 7.76 crore and it can get one time subscribed with 647 applications. The size of the IPO is not very large and hence, over subscription may not be difficult.
Financial Snapshot: The company is providing Balance of Plant (BoP) Solutions for both Wind and Solar power generation companies. The business has strong growth potential. The net profits of the company has shown sharp rise (from Rs. 59 lacs in 2020-21 to Rs. 5.18 Crore.) and yes it is raises eye-brows. However, Wind and Solar power generation projects also show sharp rise during last 3 years and it may have brought sharp rise in the profits. The valuation based on 2022-23 performance appears to be reasonable. Apply.
Quicklinks
Winsol Engineers IPO GMP today details?
Winsol Engineers IPO
Winsol Engineers IPO FAQs
What is Winsol Engineers IPO?
Winsol Engineers is a SME IPO of 3115200 equity shares of the face value of Rs. 10 aggregating up to Rs.23.36 Crores. The issue is priced at Rs.75 per share. The minimum order quantity is 1600 Shares.
When will Winsol Engineers IPO open?
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 Rs.120000.
How to apply for Winsol Engineers IPO?
You can apply in Winsol Engineers IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Winsol Engineers IPO allotment?
The finalization of Basis of Allotment for Winsol Engineers IPO will be done on May 10, 2024, and the allotted shares will be credited to your demat account by May 13, 2024.
When is Winsol Engineers IPO listing date?
Winsol Engineers IPO listing date is May 14, 2024.
