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19 Dec 2024
Winsol Engineers Limited IPO
Winsol Engineers Limited established with the aim to use the power of science to deliver unmatched performance of natural resources and build the future of the next generation with energy sustenance. Winsol Engineers Limited technology driven organization, it differentiates through its talented and passionate people and unique combination of capabilities. Its deep market sector insights and ability to integrate health & safety and sustainability into the design and delivery of innovative solutions. Working in partnership with our clients to deliver exceptional outcomes through the application of design, consultancy, engineering, project and management services.
Winsol Engineers IPO is a book-built issue of Rs 23.36 crores. The issue is entirely a fresh issue of 31.15 lakh shares. Winsol Engineers IPO price band is set at ₹71 to ₹75 per share. The minimum lot size for an application is 1600 Shares. Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Winsol Engineers IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Winsol Engineers IPO is Spread X Securities.
Winsol Engineers IPO Overview
| Detail | Description |
|---|---|
| IPO Date | May 6, 2024 to May 9, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹71 to ₹75 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 3,115,200 shares (aggregating up to ₹23.36 Cr) |
| Fresh Issue | 3,115,200 shares (aggregating up to ₹23.36 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 8,420,000 |
| Share holding post issue | 11,535,200 |
| Market Maker portion | 158,400 shares |
Winsol Engineers IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| IPO Open Date | Monday, May 6, 2024 |
| IPO Close Date | Thursday, May 9, 2024 |
| Basis of Allotment | Friday, May 10, 2024 |
| Initiation of Refunds | Monday, May 13, 2024 |
| Credit of Shares to Demat | Monday, May 13, 2024 |
| Listing Date | Tuesday, May 14, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 9, 2024 |
Winsol Engineers IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹120,000 |
| Retail (Max) | 1 | 1600 | ₹120,000 |
| HNI (Min) | 2 | 3,200 | ₹240,000 |
Winsol Engineers IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Winsol Engineers IPO Promoter Holding
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 72.99% |
Winsol Engineers IPO Anchor Investors Details
| Bid Date | May 3, 2024 |
| Shares Offered | 883,200 |
| Anchor Portion Size (In Cr.) | 6.62 |
| Anchor lock-in period end date for 50% shares (30 Days) | June 9, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | August 8, 2024 |
Company & Financials
The company was founded 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. WEL's clients are in the renewable energy industry who prefer the BoP solutions due to its historic track record of timely completion of projects, its expertise and extensive experience in the business and cost efficiency. In addition to WEL's 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 its execution capabilities in quality. The company has a total team strength of more than 200 (Engineers and Technicians) for execution of various projects. It has been executing various projects on a Turnkey basis for various clients including Suzlon, Adani Green Energy, Powerica Limited and KP Energy Limited.
Winsol Engineers Limited Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
| Assets | 3,565.34 | 2,856.01 | 2,764.80 | 1,816.83 | ||||||||||||||||||||||||||||||||||||
| Revenue | 5,202.28 | 6,544.53 | 6,080.00 | 2,224.58 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 677.26 | 518.07 | 108.46 | 49.44 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 1,527.15 | 873.89 | 343.93 | 238.55 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 685.15 | 871.89 | 341.93 | 236.55 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 846.76 | 1,058.84 | 928.90 | 814.49 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 22.33% |
| ROCE | 11.71% |
| Debt/Equity | 0.55 |
| RoNW | 44.35% |
| P/BV | 4.13 |
| PAT Margin (%) | 13.04 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.15 | 7.83 |
| P/E (x) | 12.19 | 9.58 |
Objectives of Winsol Engineers IPO
The Issue Proceeds from the Fresh Issue will be utilised towards the following objectives:
- 1. Working Capital Requirements.
- 2. General Corporate Purposes.
Winsol Engineers Limited IPO Review
The company is in the Wind and Solar power generation installations/maintenance and material supply business that has been growing for the past few years and is set for bright prospects under Government of India’s renewable power generation plans and spending. This company marked growth in its top and bottom lines for the reported periods. Based on annualised FY24 earnings, the issue appears reasonably priced. Investors may invest in this lucrative offer for the medium to long term rewards.
FAQs for Winsol Engineers IPO
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What is Winsol Engineers IPO?
Winsol Engineers IPO is an NSE SME IPO. They are going to raise ₹23.36 Crores via IPO. The issue is priced at ₹71 to ₹75 per equity share. The IPO is to be listed on NSE.
-
When will Winsol Engineers IPO?
The IPO is to open on May 6, 2024 for QIB, NII, and Retail Investors.
-
What is Winsol Engineers IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
Is Winsol Engineers Private Limited a profitable company?
The company reported profits of around Rs. 5.18 crore in FY23 for revenue worth Rs. 65.44 crore. In the previous financial year, it recorded Rs. 1.08 crore in profits and Rs. 60.8 crore in revenue, approximately.
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Who is the book-running lead manager and registrar of the Winsol Engineers IPO?
Beeline Capital Advisors Private Limited is the book-running lead manager of this IPO, while KFin Technologies Limited is the registrar.
RHP:
RHP of Winsol Engineers Limited IPO
DRHP:
DRHP of Winsol Engineers Limited IPO
Anchor Investor Link:
Anchor Investor Link of Winsol Engineers Limited IPO
-
What is Winsol Engineers IPO?
Winsol Engineers IPO is an NSE SME IPO. They are going to raise ₹23.36 Crores via IPO. The issue is priced at ₹71 to ₹75 per equity share. The IPO is to be listed on NSE.
-
When will Winsol Engineers IPO?
The IPO is to open on May 6, 2024 for QIB, NII, and Retail Investors.
-
What is Winsol Engineers IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
Is Winsol Engineers Private Limited a profitable company?
The company reported profits of around Rs. 5.18 crore in FY23 for revenue worth Rs. 65.44 crore. In the previous financial year, it recorded Rs. 1.08 crore in profits and Rs. 60.8 crore in revenue, approximately.
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Who is the book-running lead manager and registrar of the Winsol Engineers IPO?
Beeline Capital Advisors Private Limited is the book-running lead manager of this IPO, while KFin Technologies Limited is the registrar.
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