Winsol Engineers IPO Details ( Winsol Engineers Limited IPO Review )
(6 May 2024 – 9 May 2024)
Established in December 2015, Winsol Engineers Limited specializes in providing all-in-one engineering, procurement, construction, and commissioning services for Balance of Plant (BoP) Solutions. These solutions cater to solar and wind power generation companies.
Winsol’s main services for BoP Solutions cover groundwork like foundations, civil and electrical work for substations, and ensuring smooth right-of-way services.
Certified with ISO-9001-2015, ISO-14001-2015, and ISO-45001-2018, Winsol guarantees top-notch quality in its services.
With a dedicated team of over 200 engineers and technicians, Winsol ensures efficient project execution.
By April 2024, Winsol Engineers Limited is handling more than 41 major projects valued at approximately ₹11,953.31 lakhs. Up to March 31, 2024, they’ve billed invoices worth over ₹2,115.54 lakhs, leaving an order book of ₹9,837.75 lakhs awaiting execution.
As of December 31, 2023, Winsol Engineers Limited boasts a workforce of over 270 employees, including 200+ skilled engineers and technicians.
Winsol Engineers Limited IPO Competitive Strength
- Experienced Promoters and Management Team
- End-to-end execution capabilities
- Optimal Utilization of Resources
- Long-standing relationships with our clients
Winsol Engineers IPO Financials Performance ( Results )
Winsol Engineers Limited Financial Information (Restated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 1,816.83 | 2,224.58 | 49.44 | 238.55 | 236.55 | 814.49 |
| 31-Mar-22 | 2,764.80 | 6,080.00 | 108.46 | 343.93 | 341.93 | 928.90 |
| 31-Mar-23 | 2,856.01 | 6,544.53 | 518.07 | 871.89 | 871.89 | 1,058.84 |
| 31-Dec-23 | 3,565.34 | 5,202.28 | 677.26 | 1,527.15 | 685.15 | 846.76 |
Objective of Winsol Engineers IPO Issue
- Working Capital Requirements
- General Corporate Purposes
Winsol Engineers IPO Basic Details
| IPO Date | May 6, 2024 to May 9, 2024 |
| Listing Date | Tuesday, May 14, 2024 |
| Face Value | ₹10 per share |
| Price | ₹71 to ₹75 per share |
| Lot Size | 1600 Shares |
| Issue Size | 3,115,200 shares of ₹10 (aggregating up to ₹23.36 Cr) |
| Fresh Issue | 3,115,200 shares of ₹10 (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 |
| Company Promoters | Mr. Ramesh Jivabhai Pindariya, Mrs. Amri Ramesh Pindariya, Ms. Pindariya Kashmira, Ms. Kashish Ramesh Pindariya and Mr. Kishor Jivabhai Pindariya |
Winsol Engineers IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
Winsol IPO Timetable
Winsol IPO will open on May 6, 2024 and close on May 9, 2024. You can join Winsol IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 6 May 2024 (Monday) |
| Closing Date | 9 May 2024 (Thursday) |
| Basis of Allotment | 10 May 2024 (Friday) |
| Initiation of Refunds | 13 May 2024 (Monday) |
| Credit of Shares to Demat | 13 May 2024 (Monday) |
| Listing Date | 14 May 2024 (Tuesday) |
| Deadline for UPI mandate confirmation | 5 PM on 9 May 2024 |
Winsol Engineers IPO Lot Size
For retail investors in Winsol Engineers IPO, 1600 shares will come in 1 lot or the minimum investment will be ₹120,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹120,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1600 | ₹120,000 |
| Retail (Max) | 1 | 1600 | ₹120,000 |
| S-HNI (Min) | 2 | 3200 | ₹240,000 |
Winsol Engineers IPO Promoter Holding
The company’s promoters include Mr. Ramesh Jivabhai Pindariya, Mrs. Amri Ramesh Pindariya, Ms. Pindariya Kashmira, Ms. Kashish Ramesh Pindariya And Mr. Kishor Jivabhai Pindariya.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 72.99% |
Winsol Engineers Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 86.51 |
| Earning Per Share (EPS) | ₹6.15 per Equity Share |
| Net Asset Value (NAV) | ₹10.38 per Equity Share |
| P/E Ratio (P/E) (x) | 9.58 |
| Post P/E Ratio (P/E) (x) | 12.19 |
| Return on Net Worth (RoNW) (%) | 44.35 |
| Return on equity (ROE) (%) | 22.33 |
| Return on Capital Employed (ROCE) (%) | 11.71 |
| Debt/Equity Ratio | 0.55 |
| Price/Book Value Ratio | 4.13 |
Winsol Engineers IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹124 | – | – |
| 3 May 2024 | ₹120 | – | – |
Winsol Engineers IPO Detail Video:
Winsol Engineers IPO Subscription Status (Bidding Detail)
The Winsol Engineers IPO on May 9, 2024 at 7:02:00 PM was subscribed 682.14 times, with the retail category being subscribed 780.15 times, the NII (Non-Institutional Investor) category being subscribed 1,087.81 times, QIB (Qualified-Institutional Buyers) category being subscribed 207.23 times.
| Category | Subscription |
| QIB | 207.23x |
| NII | 1,087.81x |
| Retail | 780.15x |
| Total | 682.14x |
Winsol Engineers IPO Prospectus
| Winsol Engineers IPO DRHP | Download |
| Winsol Engineers IPO RHP | Download |
| Winsol Engineers IPO Anchor Investors Details PDF | Download |
Winsol Engineers IPO Rating
| Our Rating | 3.0/5.0 |
Winsol Engineers Company Contact Information
Winsol Engineers Limited
Registered Office: Shop No. 301, Madhav Commercial Complex, Near Crystal Mall, Khodiyar Colony, Jamnagar, Gujarat, India 361006
Website: www.winsol.info
E-Mail: info@winsol.info
Telephone No: 0288-2710708
Company Secretary and Compliance Officer: Mrs. Rishibha Kasat
Promoters of Our Company: Mr. Ramesh Jivabhai Pindariya, Mrs. Amri Ramesh Pindariya, Ms. Pindariya Kashmira, Ms. Kashish Ramesh Pindariya and Mr. Kishor Jivabhai Pindariya
Winsol Engineers IPO Registrar
KFin Technologies Limited
SEBI Registration Number: INR000000221
Address: Selenium Tower-B, Plot 31 & 32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad – 500 032, Telangana.
Tel. Number: +91 40 6716 2222
Toll Free No: 1800 309 4001
Email Id: npil.ipo@kfintech.com
Investors Grievance Id: einward.ris@kfintech.com
Website: www.kfintech.com
Contact Person: M Murali Krishna
CIN: L72400TG2017PLC117649
Winsol Engineers IPO Lead Manager
Beeline Capital Advisors Private Limited
SEBI Registration Number: INM000012917
Address: B 1311-1314, Thirteenth Floor, Shilp Corporate Park, Rajpath Rangoli Road, Thaltej, Ahmedabad- 380054, Gujarat, India.
Telephone Number: 079 4918 5784
Email Id: mb@beelinemb.com
Investors Grievance Id: ig@beelinemb.com
Website: www.beelinemb.com
Contact Person: Mr. Nikhil Shah
CIN: U67190GJ2020PTC114322
Winsol Engineers IPO FAQs
What is the lot size of Winsol Engineers IPO?
The total size of Winsol Engineers IPO is ₹23.36 crores and this is a complete fresh Issue.
When will Winsol Engineers IPO start?
Winsol Engineers IPO will open from 6 May 2024 and IPO will close on 9 May 2024.
What is the open date of Winsol Engineers IPO?
Winsol Engineers IPO will open date from 6 May 2024.
What is the last date ( close date ) of Winsol Engineers IPO?
Winsol Engineers IPO will close from 9 May 2024.
What is the price band of Winsol Engineers IPO?
Winsol Engineers IPO price band is ₹71 to ₹75. ( Upper Price Band: ₹75, Lower Price Band: ₹71 )
What is the minimum amount required to apply for Winsol Engineers IPO?
The minimum investment for retailers to apply for Winsol Engineers IPO is ₹120,000 and the maximum investment is ₹120,000.
What is going on gray market premium of Winsol Engineers IPO?
View gray market premium of Winsol Engineers IPO by Clicking Here
How much is the GMP of Winsol Engineers IPO?
Watch Winsol Engineers IPO GMP Today: Click Here
What is the allotment date of Winsol Engineers IPO?
The allotment date of Winsol Engineers IPO is 10 May 2024.
How to check allotment status in Winsol Engineers IPO?
To check the allotment status of Winsol Engineers IPO, first of all go to the registrar website by clicking here, select your bad Winsol Engineers IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Winsol Engineers IPO?
The listing date of Winsol Engineers IPO is 14 May 2024.
How much will be the listing gain in Winsol Engineers IPO?
View listing gain of Winsol Engineers IPO by Clicking Here
How much time Winsol Engineers IPO is subscribed?
Total 682.14 times subscribed in Winsol Engineers IPO out of which 780.15 times subscription was done in retail quota, 1,087.81 times subscription in NII quota and 207.23 times subscription in QIB quota.
How to apply for Winsol Engineers IPO from Upstox?
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