Winsol Engineers Limited IPO

NSE SME

Listed On: May 14, 2024 at ₹ 365.0

₹ 120000 /1600 Shares

Check Allotment

Winsol Engineers Limited IPO Details

06 May, 2024

Open Date

09 May, 2024

Close Date

10 May, 2024

Allotment Date

14 May, 2024

Listing Date

Issue Price

₹71-75 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Kfin Technologies Limited

List Price

365.0

Listing Date

2024-05-14

Market Lot

1600 Shares (₹120,000/-)

Lead Manager

Beeline Capital Advisors Pvt Ltd

Issue Size

3,115,200 shares(aggregating up to ₹23.36 Cr)

Retail Portion

35%

Subscription

682.21 times

IPO Docs

DRHP RHP

The IPO of Winsol Engineers Limited is priced at ₹71-75 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Kfin Technologies Limited is the registrar of the issue.

Winsol Engineers Limited IPO bid opening date is from May 6, 2024 and the bid closing date was May 9, 2024.
Winsol Engineers Limited IPO allotment result will be available on May 10, 2024. The tentative listing date for Winsol Engineers Limited is May 14, 2024.

The total issue size is 3,115,200 shares(aggregating up to ₹23.36 Cr).

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	593,600 / 444,800	1,035,200	2,073,600
Day 1 - 06-05-24 06:00 PM	1.13 / 22.44 x	52.45 x	31.32 x
Day 2 - 07-05-24 06:00 PM	1.22 / 100.46 x	182.43 x	112.98 x
Day 3 - 08-05-24 06:00 PM	16.56 / 200.08 x	357.28 x	226.02 x
Day 4 - 09-05-24 06:00 PM	207.23 / 1088.17 x	780.15 x	682.21 x

Total No. of Applications: 5,04,757 (Approx)

Winsol Engineers Limited Valuations

EPS Pre IPO

₹6.15/-

EPS Post IPO

₹7.83/-

P/E Pre IPO

12.19

P/E Post IPO

9.58

ROE

22.33%

ROCE

11.71%

Debt/Equity

0.55

RoNW

44.35%

PAT Margin

13.04

Price to Book Value

4.13

Winsol Engineers Limited Company Financials All values are in ₹ Lakh

	31-Dec-23	31-Mar-23	31-Mar-22
Assets	3,565.34	2,856.01	2,764.80
Revenue	5,202.28	6,544.53	6,080.00
Profit After Tax	677.26	518.07	108.46
Net Worth	1,527.15	873.89	343.93
Reserves & Surplus	685.15	871.89	341.93
Total Borrowing	846.76	1,058.84	928.90

About The Company

An incorporated company in December 2015, Winsol Engineers Limited offers integrated engineering, procurement, construction, and commissioning services for Balance of Plant (BoP) Solutions for both solar and wind power generation firms.

The main services offered by the company under BoP Solutions include foundation work, substation civil and electrical work, and right-of-way services.

The company is ISO-9001-2015, ISO-14001-2015, and ISO-45001-2018 certified, which testifies to its capabilities in quality execution.

More than 200 engineers and technicians in their team support them in the execution of projects.

They have over 41 major ongoing projects amounting to an approximate value of ₹11,953.31 lakhs as of April 2024. They have booked invoices totaling more than ₹2,115.54 lakhs as of March 31, 2024. They have an unexecuted or unbilled order book amounting to ₹9,837.75 lakhs.

As of December 31, 2023, the company has more than 270 employees, including over 200 engineers and technicians.

Winsol Engineers Limited - Promoter(s)

Pre Issue Share Holding: 100%

Post Issue Share Holding: 72.99%

Company Promoter(s)

Mr. Ramesh Jivabhai Pindariya, Mrs. Amri Ramesh Pindariya, Ms. Pindariya Kashmira, Ms. Kashish Ramesh Pindariya And Mr. Kishor Jivabhai Pindariya.

Winsol Engineers Limited IPO - Issue Objectives

Working Capital Requirements
General Corporate Purposes

Other Details

Company Contact Details

Winsol Engineers Limited

Shop No. 301, Madhav Commercial Complex, Near Crystal Mall, Khodiyar Colony, Jamnagar- 361006

Phone: 0288-271070

Email: info@winsol.info

Website: https://winsol.info/

Registrar Contact Details

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: npil.ipo@kfintech.com

Website: https://kosmic.kfintech.com/ipostatus/

Winsol Engineers Limited IPO - FAQs

Ans. Winsol Engineers Limited IPO is a SME IPO. The issue is priced at ₹71-75 per equity share. The minimum order quantity is 1600 Shares. The IPO opens on May 6, 2024, and closes on May 9, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Winsol Engineers Limited IPO opens on May 6, 2024 and closes on May 9, 2024.

Ans. The size of Winsol Engineers Limited IPO is 3,115,200 shares(aggregating up to ₹23.36 Cr).

Ans. The IPO price band is set between ₹71-75 per equity share.

Ans. To apply for Winsol Engineers Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Winsol Engineers Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Winsol Engineers Limited IPO is May 10, 2024.

Ans. The Winsol Engineers Limited IPO will be listed on May 14, 2024.

Ans. Follow the steps to check the allotment status for Winsol Engineers Limited IPO here.