Winsol Engineers Limited IPO
- IPO Date06 May, 2024 to 09 May, 2024
- Listing Date14 May, 2024
- Face Value₹10 per share
- Issue Price₹71 to ₹75 per share
- Lot Size1600 Shares
- Minimum Investment₹1,20,000
- Listing AtNSE SME
- Total Issue Size31,15,200 Shares
(aggregating up to ₹23.36 Cr) - Fresh Issue31,15,200 Shares
(aggregating up to ₹23.36 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue84,20,000
- Shareholding post issue1,15,35,200
IPO Dates
Closing Date
09 May, 2024
Initiation of Refunds
13 May, 2024
Listing Date
14 May, 2024
06 May, 2024
Opening Date
10 May, 2024
Basis of Allotment
13 May, 2024
Credit of Shares
Winsol Engineers Limited Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below 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 |
| HNI (Min) | 2 | 3200 | ₹2,40,000 |
Winsol Engineers Limited Promoter Holding
The Promoters of the company namely Mr. Ramesh Jivabhai Pindariya, Mrs. Amri Ramesh Pindariya, Ms. Pindariya Kashmira, Ms. Kashish Ramesh Pindariya And Mr. Kishor Jivabhai Pindariya.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | 72.99% |
Winsol Engineers Limited COMPANY INFORMATION
Winsol Engineers IPO is a book built issue of Rs 23.36 crores. The issue is entirely a fresh issue of 31.15 lakh shares. Winsol Engineers IPO opens for subscription on May 6, 2024 and closes on May 9, 2024. The allotment for the Winsol Engineers IPO is expected to be finalized on Friday, May 10, 2024. Winsol Engineers IPO will list on NSE SME with tentative listing date fixed as Tuesday, May 14, 2024. Winsol Engineers IPO price band is set at ₹71 to ₹75 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹240,000. Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Winsol Engineers IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Winsol Engineers IPO is Spread X Securities. Refer to Winsol Engineers IPO RHP for detailed information.
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.
FAQs About Winsol Engineers Limited Ipo
Winsol Engineers Limited IPO will open on 06 May, 2024 and close on 09 May, 2024. Investors must apply within this period to participate.
The Winsol Engineers Limited IPO price band is set between ₹71.00 and ₹75.00 per share. The minimum lot size is 1600, requiring an investment of at least ₹120000.00.
The Winsol Engineers Limited IPO shares are expected to be listed on 14 May, 2024, subject to regulatory approvals and final allotment.
You can track your Winsol Engineers Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Winsol Engineers Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.