IPO

Winsol Engineers Limited IPO

NSE SME

Listed On: May 14, 2024 at ₹ 365.0

₹ 240000 /3200 Shares
*Min Investment

Check Allotment

06 May, 2024

Open Date

09 May, 2024

Close Date

10 May, 2024

Allotment Date

14 May, 2024

Listing Date
Winsol Engineers Limited IPO Issue Details
  • Issue Price ₹71-75 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 31,15,200 shares(aggregating up to ₹23.36 crore)
  • Fresh Share 31,15,200 shares(aggregating up to ₹23.36 crore)
  • Listing at NSE SME
  • List Price 365.0
  • Listing Date 2024-05-14
  • Lead Manager Beeline Capital Advisors Pvt Ltd
  • Registrar Kfin Technologies Limited
Market Lot Size

Investors can bid for a minimum of 1600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min)11600₹1,20,000
Retail(max)11600₹1,20,000
NII (min) 23,200₹2,40,000
Winsol Engineers Limited IPO Reservation

Winsol Engineers Limited IPO offers total 3,115,200 shares. Out of which 593,600 (19.05%) allocated to QIB, 444,800 (14.28%) allocated to NII,1,035,200 (33.23%) allocated to RII, NA (NA%) allocated to employees and 883,200 (28.35%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered883,200 (28.35%)
Market Maker Shares Offered158,400 (5.08%)
QIB Shares Offered593,600 (19.05%)
NII (HNI) Shares Offered444,800 (14.28%)
Retail Shares Offered1,035,200 (33.23%)
Total Shares Offered3,115,200 (100%)
Winsol Engineers Limited IPO Documents
DRHP
RHP
Winsol Engineers Limited IPO Details


Winsol Engineers Limited IPO is an SME IPO, priced at ₹71-75 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 31,15,200 equity shares, aggregating up to ₹23.36 crores..

The IPO bidding window is open from May 6, 2024 to May 9, 2024. The allotment is expected to be finalized on May 10, 2024, and the tentative listing date is May 14, 2024.

The minimum lot size for Retail investors is 1600 shares, with a minimum investment of ₹1,20,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,40,000.

Beeline Capital Advisors Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Kfin Technologies Limited, and Spread X Securities Private Limited will act as the market maker for this issue.

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Winsol Engineers Limited IPO Subscription Analysis And Details
Retail
780.15x
Total
682.21x
As onQIB / NIIRetailTotal
Shares Offered / Reserved593,600 / 444,8001,035,2002,073,600
Day 1 06-05-24 06:00 PM
1.13 / 22.44 x52.45 x31.32 x
Day 2 07-05-24 06:00 PM
1.22 / 100.46 x182.43 x112.98 x
Day 3 08-05-24 06:00 PM
16.56 / 200.08 x357.28 x226.02 x
Day 4 09-05-24 06:00 PM
207.23 / 1088.17 x780.15 x682.21 x
Total No of Applications
5,04,757
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
In Lakhs
In Lakh
31-Dec-2331-Mar-2331-Mar-22
Assets3,565.342,856.012,764.80
Revenue5,202.286,544.536,080.00
Profit After Tax677.26518.07108.46
Net Worth1,527.15873.89343.93
Reserves & Surplus685.15871.89341.93
Total Borrowing846.761,058.84928.90
About Winsol Engineers Limited 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.

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Winsol Engineers Limited - Promoter(s)

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%

Post Issue Share Holding : 72.99%

Winsol Engineers Limited IPO - Issue Objectives
1

Working Capital Requirements

2

General Corporate Purposes

Winsol Engineers Limited IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Winsol Engineers Limited6.156.1510.38N/A59.287.23Standalone
Konstelec Engineers Limited6.536.5356.438.6711.584.48Standalone

Notes:

  1. P/E Ratio has been computed based on the closing market price of equity shares on the NSE on February 14, 2024, divided by the Basic and Diluted EPS as the Market Price for March 31, 2023, was unavailable as the peer company was listed on January 31, 2024.
  2. RoNW is computed as net profit after tax divided by the closing net worth. Net worth has been computed as the sum of share capital and reserves and surplus.
  3. NAV is computed as the closing net worth divided by the closing outstanding number of equity shares adjusted for the bonus issue of shares.
Contact Details

Winsol Engineers Limited

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

0288-271070

info@winsol.info

https://winsol.info/

Registrar Contact Details

Kfin Technologies Limited

04067162222, 04079611000

npil.ipo@kfintech.com

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