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On May 6, 2024, two SME IPOs were open for subscription one is Winsol Engineers IPO and another one is Refractory Shapes IPO. When many IPOs start subscriptions on the same day, IPO investors face many problems, especially retail investors.
One of the most common problems with retail investors is the shortage of money to invest in an IPO. This post Winsol Engineers IPO Vs Refractory Shapes IPO is written so that retail investors can choose the right IPO with their limited funds.
Table of Contents
Winsol Engineers IPO Vs Refractory Shapes IPO
| Components | Winsol Engineers Limited IPO | Refractory Shapes Limited IPO |
|---|---|---|
| IPO Open Date | May 6, 2024 | May 6, 2024 |
| IPO Close Date | May 9, 2024 | May 9, 2024 |
| IPO Size | Rs 23.36 crores (3115200 shares) | Rs 1860 lakhs (60 lakh shares) |
| Face Value | Rs 10 per share | Rs 10 per share |
| IPO Price Band | Rs 71 to Rs 75 per share | Rs 27 to Rs 31 per share |
| IPO Listing on | NSE SME | NSE SME |
| Lot Size (Retail) | 1600 shares | 4000 shares |
| Retail Quota | 35% | 35% |
| NII Quota | 15% | 50% |
| QIB Quota | 50% | 15% |
| Promoters Holding (Pre-Issue) | 99.90% | 100% |
| Subscription Window | May 6, 2024, to May 9, 2024 | May 6, 2024, to May 9, 2024 |
| Allotment Expected Date | May 10, 2024 | May 10, 2024 |
| Initiation of Refund | May 13, 2024 | May 13, 2024 |
| Credit to Demat | May 13, 2024 | May 13, 2024 |
| Listing Date | May 14, 2024 | May 14, 2024 |
| Winsol Engineers IPO GMP (Gray Market Premium) | GMP Today: ₹0 | GMP Today: ₹8 |
| Refractory Shapes IPO GMP | GMP Today: ₹124 | GMP Today: ₹8 |
| Winsol Engineers Limited IPO Review | Strong financial performance, promising growth | Strong fundamentals, plans for expansion |
| Refractory Shapes Limited IPO Review | Expansion plans, solid financials | Extensive product lineup, manufacturing expansion |
Winsol Engineers Limited
Winsol Engineers, headquartered in Jamnagar, Gujarat, specializes in providing Balance of Plant (BoP) solutions for wind and solar power projects. Established in 2015, the company has rapidly expanded its presence in the renewable energy sector. Winsol’s IPO aims to raise Rs 23.36 crores through a fresh issue of up to 31.1 lakh shares. The subscription window opens on May 6, 2024, and closes on May 9, 2024, with allotment expected by May 14, 2024.
Key Points:
- IPO Size: Rs 23.36 crores
- Price Band: Rs 71 to Rs 75 per share
- Listing: NSE SME
- Retail Quota: 35%
- Subscription Dates: May 6, 2024, to May 9, 2024
- Promoters Holding: 99.90%
Winsol Engineers boasts a strong track record with a focus on quality and timely project delivery. With over 75 ongoing projects and a robust order book, the company presents a promising investment opportunity in the renewable energy sector.
Refractory Shapes Limited
Refractory Shapes Limited, founded in 1996, specializes in manufacturing a wide range of refractory products. Their IPO aims to raise Rs 1860 lakhs through a fresh issue of 60 lakh shares. The subscription window for Refractory Shapes IPO opens on May 6, 2024, and closes on May 9, 2024, with listing expected on May 14, 2024.
Key Points:
- IPO Size: Rs 1860 lakhs
- Price Band: Rs 27 to Rs 31 per share
- Listing: NSE SME
- Retail Quota: 35%
- Subscription Dates: May 6, 2024, to May 9, 2024
- Promoters Holding: 100%
Refractory Shapes Limited offers a diverse range of refractory products and has expansion plans, indicating growth potential. With a solid financial standing and a focus on enhancing manufacturing capabilities, the company presents an attractive proposition in the manufacturing sector.
Comparison Winsol Engineers IPO Vs Refractory Shapes IPO
Both IPOs offer growth opportunities, but they operate in different sectors:
- Winsol Engineers focuses on renewable energy solutions, catering to the growing demand for clean energy.
- Refractory Shapes operates in the manufacturing sector, serving industries like steel, cement, and petrochemicals with essential refractory products.
Review of Winsol Engineers IPO Vs Refractory Shapes IPO
Winsol Engineers Limited IPO showcases strong financial performance with consistent revenue growth, good EBITDA, RoE, and RoCE. To raise Rs 23.36 crores, its IPO price range of ₹71 to ₹75 per share presents a promising investment opportunity.
Conversely, Refractory Shapes Limited IPO, targeting Rs 1860 lakhs, operates in a different sector, showing moderate financial indicators. Its IPO price range of ₹27 to ₹31 per share reflects potential growth prospects. Both IPOs, scheduled to close on May 9, 2024, and expected to list on May 14, 2024, warrant thorough consideration based on individual investment strategies and risk appetites.
Disclaimer:
The information provided here is for informational purposes only and should not be construed as financial advice or a recommendation to invest. While we strive to ensure the accuracy and reliability of the information presented, ipogmptoday.in cannot guarantee the completeness, adequacy, or timeliness of the data.
Investing in IPOs involves risks, including the risk of loss of capital. Investors should conduct their own research and consult with a qualified financial advisor before making any investment
