WINSOL ENGINEERS IPO Details: The forthcoming initial public offering (IPO) of Winsol Engineers has been scheduled with a commencement date of May 6, concluding on May 9. This IPO, designated for the NSE SME platform, aims to secure ₹23.36 crores in funding. The price band for the Winsol Engineers IPO has been set at ₹71 to ₹75 per share, with a market lot comprising 1600 shares.
Situated in Jamnagar, Winsol Engineers Limited operates as an integrated engineering, procurement, construction, and commissioning entity, specializing in providing Balance of Plant (BoP) Solutions for both wind and solar power generation enterprises. Its core services encompass Foundation work, Substation Civil and Electrical work, Right of Way services, Cabling to substation and Grid, and Miscellaneous tasks. The company’s clientele primarily consists of players in the renewable energy sector, drawn to Winsol Engineers for its proven track record of project completion within stipulated timelines, extensive industry expertise, and cost-effective solutions. In addition to BoP Solutions, the company offers Operation and Maintenance services for plant management and monitoring. Its adherence to ISO-9001-2015, ISO-14001-2015 & ISO-45001-2018 standards underscores its commitment to quality execution.
With a workforce exceeding 200 comprising engineers and technicians, Winsol Engineers is equipped to handle various projects efficiently. Notable clients include Suzlon, Adani Green Energy, Powerica Limited, and KP Energy Limited, for whom the company has executed numerous turnkey projects since 2018. Over this period, Winsol Engineers has successfully completed over 55 projects, totaling more than ₹17,000.00 lakhs, showcasing its capability in managing projects of varying scales. Currently, the company is engaged in 41 major ongoing projects valued at approximately ₹11,953.31 lakhs, with invoices worth more than ₹2,115.54 lakhs already booked as of March 31, 2024, indicating a robust unexecuted or unbilled order book of ₹9,837.75 lakhs.
WINSOL ENGINEERS IPO Objectives:
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- Working Capital Requirements
- General Corporate Purposes
WINSOL ENGINEERS IPO Review (Apply or Not)
- Apply
WINSOL ENGINEERS IPO Date & Price Band Details:
| IPO Open: | 6-May-2024 |
| IPO Close: | 9-May-2024 |
| IPO Size: | Approx ₹23.36 Crores, 3,115,200 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹71 to ₹75 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
WINSOL ENGINEERS IPO Lot Size:
The minimum market lot for the Winsol Engineers IPO comprises 1600 shares, requiring an application amount of ₹120,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1600 | ₹120,000 |
| Retail Maximum | 1 | 1600 | ₹120,000 |
| S-HNI Minimum | 2 | 3200 | ₹240,000 |
WINSOL ENGINEERS IPO Timeline:
The Winsol Engineers IPO is scheduled to open on May 6 and will conclude on May 9. The allotment date for the IPO is set for May 10, with a potential listing date of May 14.
| IPO Open Date: | May 6, 2024 |
| IPO Close Date: | May 9, 2024 |
| Basis of Allotment: | May 10, 2024 |
| Refunds: | May 13, 2024 |
| Credit to Demat Account: | May 13, 2024 |
| IPO Listing Date: | May 14, 2024 |
WINSOL ENGINEERS IPO GMP Today:
the last Grey Market Premium (GMP) for the Winsol Engineers SME IPO stands at ₹80. Considering the price band of ₹75.00, the estimated listing price for the IPO is anticipated to be ₹155 (comprising the cap price plus the current GMP). This implies an expected percentage gain/loss per share of 106.67%.
Winsol Engineers Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹22.25 | ₹21.53 | ₹0.49 |
| 2022 | ₹60.80 | ₹59.31 | ₹1.08 |
| 2023 | ₹65.45 | ₹58.53 | ₹5.18. |
| Dec 2023 | ₹52.02 | ₹42.97 | ₹6.77 |
Winsol Engineers IPO Valuation – FY2023
Check Winsol Engineers IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹6.15 per Equity Share |
| Price/Earning P/E Ratio: | 6.15 |
| Return on Net Worth (RoNW): | 59.28% |
| Net Asset Value (NAV): | ₹10.38 per Equity Share |
Peer Group
- Konstelec Engineers Limited
Company Promoters
- Mr. Ramesh Jivabhai Pindariya
- Mrs. Amri Ramesh Pindariya
- Ms. Pindariya Kashmira
- Ms. Kashish Ramesh Pindariya
- Mr. Kishor Jivabhai Pindariya
Winsol Engineers IPO Registrar
Kfin Technologies Limited
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: 91 40 6716 2222
E-mail: npil.ipo@kfintech.com
Website: www.kfintech.com
Winsol Engineers IPO Allotment Status
Check Winsol Engineers IPO allotment status on Kfin Technologies website URL. Click Here
Winsol Engineers IPO Lead Managers aka Merchant Bankers
- Beeline Capital Advisors Pvt. Ltd
Company Address
Winsol Engineers Limited
Shop No. 301, Madhav Commercial Complex,
Near Crystal Mall, Khodiyar Colony, Jamnagar, Gujarat, 361006
Phone: 0288-2710708
E-mail: info@winsol.info
Website: www.winsol.info
