The Winsol Engineers IPO started on May 6, 2024, and ended on May 9, 2024. Shares were allocated on May 10, 2024, and refund processes began on May 13, 2024. On May 13, 2024, the shares were credited to investors demat accounts. Winsol Engineers was officially listed on the stock exchange on May 14, 2024.
During the IPO, Winsol Engineers offered shares at a price range of ₹71 to ₹75 per share, and the lot size was 1600 shares. The total issue size was ₹23.36 crores, with ₹23.36 crores from new shares. The IPO was listed on the NSE SME.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
Winsol Engineers IPO Subscription Update Video
Winsol Engineers IPO Subscription Status
The Winsol Engineers IPO on May 9, 2024 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, the 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 IPO Basic Details
| Company Name | Winsol Engineers Limited |
| Domain of Company | Solar & Wind EPC Company |
| Winsol Engineers IPO Open Date | May 6, 2024 |
| Winsol Engineers IPO Close Date | May 9, 2024 |
| Winsol Engineers IPO Allotment Date | May 10, 2024 |
| Winsol Engineers IPO Listing Date | 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 |
| Company Promoters | Mr. Ramesh Jivabhai Pindariya, Mrs. Amri Ramesh Pindariya, Ms. Pindariya Kashmira, Ms. Kashish Ramesh Pindariya and Mr. Kishor Jivabhai Pindariya |
About Winsol Engineers Limited
Established in December 2015, Winsol Engineers Limited offers comprehensive services in engineering, procurement, construction, and commissioning for Balance of Plant (BoP) Solutions in solar and wind power projects.
Their main services cover foundational work, substation civil and electrical work, and right-of-way services for BoP Solutions.
The company holds ISO-9001-2015, ISO-14001-2015, and ISO-45001-2018 certifications, ensuring top-notch quality in their work.
With a dedicated team of over 200 engineers and technicians, Winsol Engineers Limited executes projects efficiently.
As of April 2024, they are actively working on more than 41 major projects, valued at around ₹11,953.31 lakhs. By March 31, 2024, they’ve already invoiced over ₹2,115.54 lakhs, leaving an order book of ₹9,837.75 lakhs.
By December 31, 2023, the company had grown its workforce to over 270 employees, with more than 200 being engineers and technicians.
Winsol Engineers IPO Should you subscribe?
Winsol Engineers IPO More Details Click Here
Winsol Engineers IPO FAQs
What is the start and end date of Winsol Engineers IPO Subscription?
The Winsol Engineers IPO started on May 6, 2024, and ended on May 9, 2024.
When does Winsol Engineers IPO Subscription open?
The Winsol Engineers IPO open on May 6, 2024.
When does Winsol Engineers IPO Subscription close?
The Winsol Engineers IPO Close on May 9, 2024.
What is the allotment date of Winsol Engineers IPO?
The allotment date for Winsol Engineers IPO is May 10, 2024.
When is the initial refund date of Winsol Engineers IPO?
The initial Refund date for Winsol Engineers IPO is May 13, 2024.
When were the shares credited to investors demat accounts for the Winsol Engineers IPO?
The shares for the Winsol Engineers IPO were credited to investors demat accounts on May 13, 2024.
When will Winsol Engineers IPO be listed on the stock market?
Winsol Engineers IPO stock market will be listed on May 14, 2024 at 10 am.
What was the price range of the Winsol Engineers IPO shares?
The Winsol Engineers IPO shares were offered at a price range of ₹71 to ₹75 per share.
What was the lot size for the Winsol Engineers IPO shares?
The lot size for the Winsol Engineers IPO shares was 1600 shares.
What was the total issue size of the Winsol Engineers IPO?
The total issue size of the Winsol Engineers IPO was ₹23.36 crores.
How were the shares allocated among different types of investors for the Winsol Engineers IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Winsol Engineers IPO listed?
The Winsol Engineers IPO was listed on the NSE SME.
What is the Winsol Engineers IPO Subscription Status?
Winsol Engineers IPO is subscribed 682.14 Times.
