What you must know about Winsol Engineers IPO?
by 5paisa Research Team
29 Apr 2024
Listing Details
- Listing Exchange NSE SME
- Listing Date 14-May-24
- IPO Price Range ₹ 71 to ₹ 75
- Listing Price ₹ 365
- Listing Change 386.7%
- Last Traded Price ₹ 277.45
- Current Change 269.9%
Winsol Engineers IPO Details
- Open Date 06-May-24
- Close Date 09-May-24
- Lot Size 1600
- IPO Size ₹ 22.12 - 23.36 Cr
- IPO Price Range ₹ 71 to ₹ 75
- Min Investment ₹ 113,600
- Listing Exchange NSE SME
- Basis of Allotment 10-May-24
- Refunds 13-May-24
- Credit to Demat Account 13-May-24
- Listing Date 14-May-24
Winsol Engineers IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 06-May-24 | 1.13 | 22.71 | 53.54 | 31.92 |
| 07-May-24 | 1.22 | 100.54 | 184.75 | 114.15 |
| 08-May-24 | 16.56 | 202.15 | 369.11 | 232.38 |
| 09-May-24 | 207.23 | 1,087.81 | 780.15 | 682.14 |
Winsol Engineers IPO Synopsis
Last Updated: 9th May, 2024 by 5paisa
Winsol Engineers Limited IPO is all set to open from 6th May to 9th May 2024. The company operates as an integrated engineering, procurement, construction and commissioning company. The IPO includes a fresh issue of 3,115,200 shares worth ₹23.36 cr. The share allotment date is 10th May 2024, and the IPO will be listed on 14th May 2024 on the stock exchanges. The price band is ₹71 to ₹75 and the lot size is 1600 shares.
Beeline Capital Advisors Private Limited is the book-running lead manager for this IPO, while Kfin Technologies Limited is the registrar.
Objectives of Winsol Engineers IPO
Winsol Engineers Limited plans to utilize the raised capital from the IPO to:
● To fund the capital capital requirements.
● General Corporate Purposes.
Winsol Engineers IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO size | 23.36 |
| Offer for sale | - |
| Fresh issue | 23.36 |
Winsol Engineers IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹120,000 |
| Retail (Max) | 1 | 1600 | ₹120,000 |
| HNI (Min) | 2 | 3200 | ₹240,000 |
Winsol Engineers IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| Anchor Allocation | 1 | 8,83,200 | 8,83,200 | 6.62 |
| Market Maker | 1 | 1,58,400 | 1,58,400 | 1.19 |
| QIB | 207.23 | 5,93,600 | 12,30,12,800 | 922.60 |
| NII | 1,087.81 | 4,44,800 | 48,38,57,600 | 3,628.93 |
| Retail | 780.15 | 10,35,200 | 80,76,12,800 | 6,057.10 |
| Total | 682.14 | 20,73,600 | 1,41,44,83,200 | 10,608.62 |
Winsol Engineers IPO Anchor Allocation
| Anchor Bid Date | 3 May, 2024 |
| Total no. of shares offered | 883,200 |
| Portion Size for Anchor Investors | 6.62 Cr. |
| Lock in Period for 50% shares (30 days) | 9 June, 2024 |
| Lock in Period for rest of shares (90 days) | 8 August, 2024 |
Winsol Engineers IPO Shareholding Pattern
| Shareholding Pattern | Pre issue % | Post issue % |
|---|---|---|
| Promoter & Promoter Group | 100.00 | 72.99 |
About Winsol Engineers
Established in 2015, Winsol Engineers operates as an integrated engineering, procurement, construction and commissioning company. It offers clients in the renewable energy industry (wind and solar power generation companies) with Balance of Plant (BoP) Solutions.
The company’s BoP solutions portfolio includes Foundation work, Substation Civil and Electrical work, Right of Way services, Cabling to substation and Grid, and Miscellaneous work.
The company has three main sources of revenue from its operations: i) BoP Solutions ii) Engineering and Consulting work iii) Civil Construction work.
The company is certified with ISO-9001-2015, ISO-14001-2015, and ISO-45001-2018. It also offers turnkey solutions to energy giants like Adani Green Energy, Suzlon, KP Energy Limited, and Powerica Limited.
Peer Comparison
● Konstelec Engineers Limited
For More Information:
Webstory on Winsol Engineers IPO
Winsol Engineers Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 65.38 | 60.70 | 22.16 |
| EBITDA | 7.84 | 2.25 | 1.54 |
| PAT | 5.18 | 1.08 | 0.49 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 28.56 | 27.64 | 18.16 |
| Share Capital | 0.02 | 0.02 | 0.02 |
| Total Borrowings | 19.82 | 24.20 | 15.78 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -0.93 | -0.36 | -1.63 |
| Net cash from / (used in) investing activities | 0.14 | 0.05 | 0.05 |
| Net cash flow from / (used in) financing activities | 0.65 | 0.63 | 0.89 |
| Net increase (decrease) in cash and cash equivalents | -0.14 | 0.32 | -0.19 |
Winsol Engineers IPO Key Points
-
Strengths
1. The company has end-to-end execution capabilities.
2. It undertakes optimal utilization of resources.
3. The company has strong customer relationships.
4. Experienced team of Promoters senior management.
-
Risks
1. A large portion of revenue comes from the Engineering & Consulting Work.
2. The majority of the revenues are generated from Gujarat.
3. It operates in a highly competitive industry.
4. It has reported negative cash flows in the past.
5. High working capital requirements.
Winsol Engineers
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Winsol Engineers IPO FAQs
When does the Winsol Engineers IPO opens and closes?
Winsol Engineers IPO opens from 6th May to 9th May 2024.
What is the size of the Winsol Engineers IPO?
The size of Winsol Engineers IPO is ₹23.36 cr.
How to apply for the Winsol Engineers IPO?
To apply for Winsol Engineers IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Winsol Engineers IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of Winsol Engineers IPO?
The price band of Winsol Engineers IPO is fixed at ₹71 to ₹75 per share.
What is the minimum lot size and investment required for the Winsol Engineers IPO?
The minimum lot size of Winsol Engineers IPO is 1600 shares and the investment required is ₹1,13,600.
What is the allotment date of the Winsol Engineers IPO?
The share allotment date of Winsol Engineers IPO is 10th May 2024.
What is the Winsol Engineers IPO listing date?
The Winsol Engineers IPO will be listed on 14th May 2024.
Who are the book runners for the Winsol Engineers IPO?
Beeline Capital Advisors Private Limited is the book-running lead manager for Winsol Engineers IPO.
What is the objective of Winsol Engineers IPO?
Winsol Engineers plans to utilize the raised capital from the IPO to:
● To fund the capital capital requirements.
● General Corporate Purposes.
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