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17 June 2024

Winny Immigration and Education Services Limited IPO

The Winny Immigration and Education Services Company “WINNY” is mainly in the visa consultancy business. They assist (Service) individuals for study, travel, work, business and migration purposes. As the world becomes increasingly interconnected, the demand for skilled professionals, students and travellers to cross borders has surged. They have seized this opportunity to expand their business by guiding the complex process of obtaining visas for different purposes in the current era. They have successfully assisted thousands of clients in navigating the complex immigration and visa processes. By providing Visa consultancy, they play a pivotal role in facilitating global mobility and connecting individuals with international opportunities.

Winny Immigration IPO is a fixed price issue of Rs 9.13 crores. The issue is entirely a fresh issue of 6.52 lakh shares. Winny Immigration IPO opens for subscription on June 20, 2024 and closes on June 24, 2024. The allotment for the Winny Immigration IPO is expected to be finalized on Tuesday, June 25, 2024. Winny Immigration's IPO price is ₹140 per share. The minimum lot size for an application is 1000 Shares. Interactive Financial Services Ltd is the book-running lead manager of the Winny Immigration IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Winny Immigration IPO is Beeline Broking.

Winny Immigration IPO Overview

Detail	Description
IPO Date	June 20, 2024 to June 24, 2024
Listing Date	[.]
Face Value	₹10 per share
Price Band	₹140 per share
Lot Size	1000 Shares
Total Issue Size	652,000 shares (aggregating up to ₹9.13 Cr)
Fresh Issue	652,000 shares (aggregating up to ₹9.13 Cr)
Issue Type	Fixed Price Issue IPO
Listing At	NSE SME
Share holding pre issue	1,518,000
Share holding post issue	2,170,000
Market Maker portion	34,000 shares Beeline Broking

Winny Immigration IPO Timeline (Tentative Schedule)

Detail	Description
IPO Open Date	Thursday, June 20, 2024
IPO Close Date	Monday, June 24, 2024
Basis of Allotment	Tuesday, June 25, 2024
Initiation of Refunds	Wednesday, June 26, 2024
Credit of Shares to Demat	Wednesday, June 26, 2024
Listing Date	Thursday, June 27, 2024
Cut-off time for UPI mandate confirmation	5 PM on June 24, 2024

Winny Immigration IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	1000	₹140,000
Retail (Max)	1	1000	₹140,000
HNI (Min)	2	2,000	₹280,000

Winny Immigration IPO Reservation

Investor Category	Shares Offered
Retail Shares Offered	50% of the net offer
Other Shares Offered	50% of the Net Issue

Winny Immigration IPO Promoter Holding

Share Holding Pre Issue	83.63%
Share Holding Post Issue	58.51%

Company & Financials

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.

Winny Immigration and Education Services Limited Financial Information

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	542.84	541.93	276.26
Revenue	1,102.12	1,197.91	1,004.07
Profit After Tax	39.27	144.71	127.63
Net Worth	230.72	191.46	46.75
Reserves and Surplus	78.92	188.16	43.45
Total Borrowing	206.84	232.02	127.91
Amount in ₹ Lakhs

Key Performance Indicator

KPI	Values
ROE	18.60%
ROCE	15.74%
Debt/Equity	0.9
RoNW	17.02%
P/BV	9.21

	Pre IPO	Post IPO
EPS (Rs)	2.59	1.81
P/E (x)	54.12	77.36

Objectives of Winny Immigration IPO

The company proposes to use the Net Proceeds from the issue for the following objectives:

1. Opening new offices in India
2. Software development
3. Repayment of Debt
4. Branding and Advertisement
5. General Corporate Purpose
6. Meeting Public Issue Expenses.

Winny Immigration IPO Review

The company is operating in a highly competitive and fragmented segment. It marked static top lines for the last three fiscals and posted a decline in its bottom line for FY24. Based on FY24 earnings, the issue is exorbitantly priced. Small equity capital post-IPO indicates a longer gestation period. There is no harm in skipping this pricey and high-risk bet.

FAQs for Winny Immigration IPO

What is the Winny Immigration IPO?

Winny Immigration IPO is an NSE SME IPO. They are going to raise ₹9.13 Crores via IPO. The issue is priced at ₹140 per equity share. The IPO is to be listed on NSE.
When will Winny Immigration IPO open?

The IPO is to open on June 20, 2024 for NII, and Retail Investors.
What is the Winny Immigration IPO Investors Portion?

The investors’ portion for NII is 50%, and Retail is 50%.
What is Winny Immigration's IPO Size?

Winny Immigration's IPO size is ₹9.13 crores.
What is the Winny Immigration IPO Price Band?

Winny Immigration's IPO Price Band is ₹140 per equity share.
What is Winny Immigration IPO Minimum and Maximum Lot Size?

The IPO bid is 1000 shares with ₹140,000.
What is the Winny Immigration IPO Allotment Date?

Winny Immigration IPO allotment date is June 25, 2024.
What is Winny Immigration's IPO Listing Date?

Winny Immigration's IPO listing date is June 27, 2024. The IPO to list on NSE SME.