Winsol Engineers Limited IPO
Winsol Engineers Limited is an NSE SME IPO listed on the NSE SME platform, priced at ₹71–₹75 per share. The stock debuted at ₹365, delivering a listing gain of 386.7%. The IPO had a lot size of ₹1600 shares and a minimum investment of ₹1,20,000.
Winsol Engineers Limited IPO
- IPO Dates
- May 6, 2024 – May 9, 2024
- Price band
- ₹71-75 per equity share
- Minimum Investment
- ₹1,20,000
- Issue size
- ₹23.36 Cr
- Lot size
- 1600
- Allotment Date
- May 10, 2024
- Listing
- May 14, 2024
- Listing At
- NSE SME
IPO timeline
-
May 6, 2024
Open Date
Completed
-
May 9, 2024
Close Date
Completed
-
May 10, 2024
Allotment Date
Completed
-
May 14, 2024
Listing Date
Completed
Winsol Engineers Limited IPO Essentials
Winsol Engineers Limited IPO Details
Winsol Engineers Limited IPO is priced at ₹71-75 per share with a total issue size of 23.36 crore. The IPO has a lot size of 1600 shares and is listed on NSE SME.
- Issue price
- ₹71-75 per equity share
- Lot size
- 1600 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 3,115,200 shares(aggregating up to ₹23.36 Cr)
- Total issue size
- 31,15,200 shares
(aggregating up to ₹23.36 crore) - Fresh issue
- 31,15,200 shares
(aggregating up to ₹23.36 crore) - Listing at
- NSE SME
- List price
- 365.0
- Listing date
- Registrar
- Kfin Technologies Limited
- Lead manager
-
Beeline Capital Advisors Pvt Ltd
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.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1600 | ₹1,20,000 |
| Retail(max) | 1 | 1600 | ₹1,20,000 |
| NII (min) | 2 | 3,200 | ₹2,40,000 |
Winsol Engineers Limited IPO Reservation
Winsol Engineers Limited IPO reservation details show category-wise allocation of shares. Out of the total 3,115,200 shares, approximately 19.05% are reserved for QIB, 14.28% for NII, 33.23% for retail investors, 5.08% for market maker, and 28.35% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 883,200 (28.35%) | |
| Market Maker Shares Offered | 158,400 (5.08%) | |
| QIB Shares Offered | 593,600 (19.05%) | |
| NII (HNI) Shares Offered | 444,800 (14.28%) | |
| Retail Shares Offered | 1,035,200 (33.23%) | |
| Total Shares Offered | 3,115,200 (100%) |
Winsol Engineers Limited IPO Analytics
Winsol Engineers Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Winsol Engineers Limited IPO Subscription Status
Winsol Engineers Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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 |
Winsol Engineers Limited Valuations
Earnings
- EPS Pre IPO
- ₹6.15/-
- EPS Post IPO
- ₹7.83/-
- P/E Pre IPO
- 12.19
- P/E Post IPO
- 9.58
Returns
- ROE
- 22.33%
- ROCE
- 11.71%
- RoNW
- 44.35%
- PAT Margin
- 13.04
Fundamentals
- Debt / Equity
- 0.55
- Price / Book
- 4.13
Winsol Engineers Limited Financials( In Lakhs)
| 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 |
Winsol Engineers Limited Company & Offer Insights
About Winsol Engineers Limited
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)
Mr. Ramesh Jivabhai Pindariya, Mrs. Amri Ramesh Pindariya, Ms. Pindariya Kashmira, Ms. Kashish Ramesh Pindariya And Mr. Kishor Jivabhai Pindariya. are the company's promoters of Winsol Engineers Limited.
Winsol Engineers Limited IPO Issue Objectives
- •
- Working Capital Requirements
- •
- General Corporate Purposes
Winsol Engineers Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Winsol Engineers Limited | 6.15 | 6.15 | 10.38 | N/A | 59.28 | 7.23 | Standalone |
| Konstelec Engineers Limited | 6.53 | 6.53 | 56.4 | 38.67 | 11.58 | 4.48 | Standalone |
Notes:
- 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.
- 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.
- 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 Information
Contact Details
Winsol Engineers Limited
0288-271070
Shop No. 301, Madhav Commercial Complex, Near Crystal Mall, Khodiyar Colony, Jamnagar- 361006
Registrar Contact Details
Kfin Technologies Limited
04067162222, 04079611000
Frequently Asked Questions
Click any question to reveal the answer
Winsol Engineers Limited IPO is a book-built IPO worth ₹23.36 crore. The price band is ₹71–₹75 per share. The IPO opens on May 6, 2024 and closes on May 9, 2024. It will be listed on NSE SME Platform. Kfin Technologies Limited is the registrar.
The price band of Winsol Engineers Limited IPO is ₹71 to ₹75 per share.
The lot size of Winsol Engineers Limited IPO is 1600 shares.
The minimum investment for Winsol Engineers Limited IPO is approximately ₹1,20,000 based on the upper price band .
Winsol Engineers Limited IPO opens on May 6, 2024 and closes on May 9, 2024.
The allotment date of Winsol Engineers Limited IPO is May 10, 2024.
Winsol Engineers Limited IPO is expected to be listed on May 14, 2024, on NSE SME Platform.
Winsol Engineers Limited IPO valuation snapshot: P/E 9.58, EPS ₹7.83/-, P/B 4.13, RoNW 44.35%, and market cap N/A.
To apply for Winsol Engineers Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Winsol Engineers Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Winsol Engineers Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Winsol Engineers Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Winsol Engineers Limited IPO allotment status on IPO Ji for quick and easy access.