Winsol Engineers Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

06 May 2024

Close Date

09 May 2024

Allotment

10 May 2024

Listing Date

14 May 2024

Exchange

NSE SME

Price Band

₹75

Listing Price

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Allotment Status

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Price Band

₹75

Per share

Face Value

₹10 per share

Lot Size

1,600 Shares

per lot

Issue Size

31,15,200 shares (aggregating up to ₹23.36 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹120,000

1 lot

Pre-IPO Holding

84,20,000 shares

Promoters

Post-IPO Holding

1,15,35,200 shares

Promoters

P/E (Pre)

12.19x

P/E (Post)

9.58x

EPS (Pre)

₹6.15

EPS (Post)

₹7.83

UPI Deadline

2024-05-09

Mandate

Anchor AllotmentSun, 05 May 2024

Basis of AllotmentFri, 10 May 2024

Refund InitiationMon, 13 May 2024

Demat CreditMon, 13 May 2024

Listing DayTue, 14 May 2024

UPI Mandate Deadline2024-05-09

Sale TypeFresh Capital

Net Offer to Public29,56,800 shares (aggregating up to ₹22.18 Cr)

Market Maker Quota1,58,400 shares (aggregating up to ₹1.19 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Winsol Engineers Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 09 May 2024.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	158,400	—	₹1.19
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	3,115,200	100%	₹23.36

IPO Shares Offered

Winsol Engineers Ltd IPO total issue size: ₹23.36 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	158,400	₹1.19	5.08%
Total	3,115,200	₹23.36	100.00%

* Based on upper price band ₹75 per share

Lot Size & Investment

Lot Size

1,600

Shares per Lot

Issue Price

₹75.00

Upper Band

Min Investment

₹120,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	3,200	₹240,000
Retail (Max — 13 Lots)	13	20,800	₹1,560,000
S-HNI (Min — 14 Lots)	14	22,400	₹1,680,000
B-HNI (Min — 68 Lots)	68	108,800	₹8,160,000

* Issue Price ₹75 × Lot Size 1,600 shares

IPO Schedule

Anchor

05 May 2024

✓ Done

IPO Open

06 May 2024

✓ Done

IPO Close

09 May 2024

✓ Done

Allotment

10 May 2024

✓ Done

Refunds

13 May 2024

✓ Done

Demat Credit

13 May 2024

✓ Done

Listing Day

14 May 2024

✓ Done

₹75.00

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Issue ₹75.00 Live Price

About Winsol Engineers Ltd

Incorporated in December 2015,Winsol Engineers Limited is a company that provides integrated engineering, procurement, construction, and commissioning services for Balance of Plant (BoP) Solutions for both solar and wind power generation firms.The company's core services for 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, demonstrating its execution capabilities in quality.The company has more than 200 engineers and technicians on their team for project execution.As of April 2024, they have more than 41 major ongoing projects with a total value of approximately ₹11,953.31 lakhs. As of March 31, 2024, invoices totalling more than ₹2,115.54 lakhs have been booked, leaving an unexecuted or unbilled order book of ₹9,837.75 lakhs.As of December 31, 2023, the workforce consists of over 270 employees, including more than 200 engineers and technicians.

Objects of the Issue

Working Capital Requirements

General Corporate Purposes

Winsol Engineers Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹6,080.0

31 Mar 2022

₹6,544.5

31 Mar 2023

₹5,202.3

31 Dec 2023

Profit After Tax (PAT)

₹108.5

31 Mar 2022

₹518.1

31 Mar 2023

₹677.3

31 Dec 2023

Particulars	31 Dec 2023	31 Mar 2023	31 Mar 2022
Revenue from Operations	5202.28	6544.53	6080.00
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	677.26	518.07	108.46
Net Worth	1527.15	873.89	343.93
Total Assets	3565.34	2856.01	2764.80
Reserves & Surplus	685.15	871.89	341.93
Borrowings	846.76	1058.84	928.90
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	13.04%	—	—

P/BV Ratio

4.13

RoE

22.33%

RoCE

11.71%

RoNW

44.35%

PAT Margin

13.04%

Debt/Equity

0.55

Issue Structure & Shareholding

Total Shares Offered31,15,200 (100.00%)

Net Offer to Public29,56,800 shares (aggregating up to ₹22.18 Cr)

Reserved for Market Maker1,58,400 shares (aggregating up to ₹1.19 Cr)

Pre-Issue Promoter Holding84,20,000 shares

Post-Issue Promoter Holding1,15,35,200 shares

P/BV Ratio4.13

RoE22.33%

RoCE11.71%

Debt / Equity0.55

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Kfin Technologies Ltd

04067162222, 04079611000

npil.ipo@kfintech.com

https://ipostatus.kfintech.com/

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Book Running Lead Managers

Beeline Capital Advisors Pvt.Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Winsol Engineers Ltd IPO subscribed? ▲

Winsol Engineers Ltd IPO is subscribed 1.00 times by May 09, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Winsol Engineers Ltd IPO retail subscription status? ▼

The Winsol Engineers Ltd IPO retail category is subscribed 1.00 times as of 09 May 2024. The retail portion is oversubscribed.

How to subscribe Winsol Engineers Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 06 May 2024 and closes 09 May 2024. Min investment: ₹120,000 (1 lot = 1,600 shares). UPI mandate: 2024-05-09.

How many times Winsol Engineers Ltd IPO subscribed? ▼

The Winsol Engineers Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Winsol Engineers Ltd IPO allotment? ▼

Check allotment on the registrar website (Kfin Technologies Ltd) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 10 May 2024. Refunds: on 13 May 2024.

When Winsol Engineers Ltd IPO will be listed? ▼

The Winsol Engineers Ltd IPO listing date is 14 May 2024, Tuesday. Listed on: NSE SME. Issue price: ₹75. Estimated listing: ₹75. GMP: NIL.

When Winsol Engineers Ltd IPO close? ▼

The Winsol Engineers Ltd IPO closes on 09 May 2024, Thursday. UPI mandate: 2024-05-09. Allotment: 10 May 2024. Listing: 14 May 2024.

Quick Actions

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Live Price LIVE

Last Price₹75.00

Change—

Issue Price₹75.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹75

Face Value₹10

Lot Size1,600 Sh

Min. Amount₹120,000

GMPNIL

Est. Listing₹75

Subscribed1.00x

Open Date06 May 2024

Close Date09 May 2024

Allotment10 May 2024

Listing Date14 May 2024

ExchangeNSE SME

UPI Deadline2024-05-09