Winsol Engineers IPO description – Based in Jamnagar, Winsol Engineers is an integrated engineering, procurement, construction, and commissioning company that offers Balance of Plant (BoP) solutions for both wind and solar power generation companies. The company’s core services for BoP Solutions include foundation work, substation civil and electrical work, right-of-way services, cabling to substations and grids, and miscellaneous work.
The company has a total team strength of over 200 engineers and technicians for executing various projects. Winsol Engineers has been undertaking various projects on a turnkey basis for clients such as Suzlon, Adani Green Energy, Powerica Limited, and KP Energy Limited. As of 31 December 2023 has Winsol Engineers 270 employees on the roll.
On a materiality basis since 2018, the company has completed over 55 projects amounting to more than INR 170 crore, showcasing its execution capabilities in terms of both project size and quantity. As of April 2024, the company has over 41 ongoing projects with a total value of approximately INR 119.53 crore. Invoices totaling more than INR 21.16 crore have been booked as of 31 March 2024, resulting in an unexecuted or unbilled order book of INR 98.38 crore.
Promoters of Winsol Engineers – Mr. Ramesh Jivabhai Pindariya, Mrs. Amri Ramesh Pindariya, Ms. Pindariya Kashmira, Ms. Kashish Ramesh Pindariya, and Mr. Kishor Jivabhai Pindariya
Table of Contents
Winsol Engineers IPO Details
| Winsol Engineers IPO Dates | 6 – 9 May 2024 |
| Winsol Engineers Issue Price | INR 71 – 75 per share |
| Fresh issue | 3,115,200 shares (INR 22.12 – 23.36 crore) |
| Offer For Sale | NIL |
| Total IPO size | 3,115,200 shares (INR 22.12 – 23.36 crore) |
| Minimum bid (lot size) | 1,600 shares (INR 120,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE Emerge |
Winsol Engineers Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 |
| Revenue | 22.16 | 60.70 | 65.39 | 51.95 |
| Expenses | 21.53 | 59.31 | 58.53 | 42.97 |
| Net income | 0.49 | 1.08 | 5.18 | 6.77 |
Winsol Engineers Offer News
- Winsol Engineers RHP
- Winsol Engineers Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Winsol Engineers Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.59 | 1.29 | 6.15 |
| PE ratio | – | – | 11.54 – 12.20 |
| RONW (%) | 20.72 | 31.54 | 59.28 |
| NAV | 2.83 | 4.08 | 10.38 |
| ROCE (%) | 11.71 | 16.14 | 46.19 |
| EBITDA (%) | 6.96 | 3.72 | 12.00 |
| Debt/Equity | 3.41 | 2.70 | 1.21 |
Winsol Engineers IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 13 May 2024 | 190 | – | 2,25,000 |
| 11 May 2024 | 190 | – | 2,25,000 |
| 10 May 2024 | 185 | – | 2,20,000 |
| 9 May 2024 | 175 | – | 2,05,000 |
| 8 May 2024 | 150 | – | 1,85,000 |
| 7 May 2024 | 125 | – | 1,42,000 |
| 6 May 2024 | 120 | – | 1,40,000 |
| 4 May 2024 | 120 | – | 1,38,000 |
| 3 May 2024 | 100 | – | 1,25,000 |
| 2 May 2024 | 87 | – | 90,000 |
| 1 May 2024 | 40 | – | 50,000 |
Winsol Engineers IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 593,600 | 444,800 | 1,035,200 | 2,073,600 |
| 9 May 2024 | 207.23 | 1088.17 | 780.15 | 682.21 |
| 8 May 2024 | 16.56 | 200.08 | 357.28 | 226.02 |
| 7 May 2024 | 1.22 | 100.46 | 182.43 | 112.98 |
| 6 May 2024 | 1.13 | 22.44 | 52.45 | 31.32 |
The market maker reservation portion of 158,400 shares is not included in the above calculations.
Winsol Engineers IPO Allotment Status
Winsol Engineers IPO allotment status is now available on the KFin Tech website. Click on this link to get allotment status.
Winsol Engineers IPO Dates & Listing Performance
| IPO Opening Date | 6 May 2024 |
| IPO Closing Date | 9 May 2024 |
| Finalization of Basis of Allotment | 10 May 2024 |
| Initiation of refunds | 13 May 2024 |
| Transfer of shares to demat accounts | 13 May 2024 |
| IPO Listing Date | 14 May 2024 |
| Opening Price on NSE SME | INR 365 per share (up 386.67%) |
| Closing Price on NSE SME | INR 383.25 per share (up 411%) |
Winsol Engineers Offer Lead Manager
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
Shilp Corporate Park, B Block, 13th Floor,
B-1311-1314, Near Rajpath Club, RajpathRangoli Road,
S.G. Highway, Ahmedabad, Gujarat- 380054
Phone: 079 4918 5784
Email:Â [email protected]
Website:Â www.beelinemb.com
Winsol Engineers Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel:Â 91 40 6716 2222
E-mail:Â [email protected]
Website:Â www.kfintech.com
Winsol Engineers IPO Contact Details
WINSOL ENGINEERS LIMITED
Shop No. 301, Madhav Commercial Complex,
Near Crystal Mall, Khodiyar Colony, Jamnagar, Gujarat, 361006
Phone: 0288-2710708
E-mail: [email protected]
Website: www.winsol.info
IPO FAQs
What is the Winsol Engineers offer size?
Winsol Engineers’s offer size is INR 22.12 – 23.36 crores.
What is the Winsol Engineers offer price band?
Winsol Engineers’s public offer price is INR 71 – 75 per share.
What is the lot size of the Winsol Engineers IPO?
Winsol Engineers’ offer lot size is 1,600 shares.
What is Winsol Engineers IPO GMP today?
Winsol Engineers IPO GMP today is INR 190 per share.
What is the Winsol Engineers kostak rate today?
Winsol Engineers’s kostak rate today is INR NA per application.
What is Winsol Engineers Subject to the Sauda rate today?
Winsol Engineers is Subject to the Sauda rate today is INR 2,25,000 per application.
