Winsol Engineers Limited IPO: Know Details, GMP, Subscription, Financial Report and Review

Winsol Engineers Limited is set to launch its IPO, aiming to raise Rs 23.36 crores through a fresh issue of up to 3115200 (31.1 Lakh) shares. There is no OFS (Offer For Sell). The subscription window for the IPO opens on 06th May 2024 and closes on 9th May 2024. With allotment expected to be finalized by 14th May 2024.

Discuses about Winsol Engineers Limited IPO
Winsol Engineers Limited IPO All Key Points

Winsol Engineers Limited IPO (Winsol Engineers IPO) Details & Price

Winsol Engineers Limited IPO ( NSE SME)
IPO Date06/05/2024
IPO Close09/05/2024
IPO Size3115200 (31.1 Lakh) Share
Face Value₹10 per-share
IPO Price₹71 to ₹75 per-share
IPO Listing onNSE SME
Lot Size1600 Share
Retail Quota35%
NII Quota15%
QIB Quota50%

Winsol Engineers Limited IPO Dates (Expected)

  • IPO Open Date: May 6, 2024
  • IPO Close Date: May 9, 2024
  • IPO Allotment: May 10, 2024
  • Initiation of Refund: May 13, 2024
  • Credit to Demat: May 13, 2024
  • Listing Date: May 14, 2024
  • UPI mandate confirmation: May 9, 2024

Winsol Engineers Limited IPO Lot Size

ApplicantsLot SizeShareAmount
Retail1 Minimum1600Max ₹120,000
Others2 Lots (Mini)3200Minimum ₹240,000

Winsol Engineers Limited IPO Promoter Holding & Peer Group

Windsol Engineers Limited’s Promoters are Mr. Ramesh Jivabhai Pindariya, Mrs. Amri Ramesh Pindariya, Ms. Pindariya Kashmira, Ms. Kashish Ramesh Pindariya and Mr. Kishor Jivabhai Pindariya there total holding in company 99.90% (Pre Issue).

  • Mr. Ramesh Jivabhai Pindariya‘s total no of holding shares is 6315000. (Pre Issue)
  • Mrs. Amri Ramesh Pindariya’s total no of holding shares is 833580. (Pre Issue)
  • Ms. Pindariya Kashmira’s total no of holding shares is 4,21,000. (Pre Issue)
  • Ms. Kashish Ramesh Pindariya’s total no of holding shares is 4,21,000. (Pre Issue)
  • Mr. Kishor Jivabhai Pindariya’s total no of holding shares is 421000. (Pre Issue)

Winsol Engineers Limited Peer Group is Konstelec Engineers Limited.

Winsol Engineers Limited IPO GMP (Gray Market Premium)

For the Winsol Engineers Limited IPO GMP Today is ₹0

DateGMPIPO PriceEstimate Listing PriceUpdate On
06/05/2024₹130₹75₹20506/05/2024 11:58
05/05/2024₹124₹75₹19905/05/2024 11:12
04/05/2024₹124₹75₹19904/05/2024 11:12
03/05/2024₹124₹75₹19902/01/2024 24:00
02/05/2024₹125₹75₹20002/01/2024 19:33
01/05/2024₹95₹75₹17001/01/2024 18:00
30/04/2024₹60₹75₹13530/04/2024 24:00
29/04/2024₹0₹75₹7529/04/2024 15:00

Winsol Engineers Limited IPO Subscription Status

To see Winsol Engineers Limited‘s IPO live subscription status please visit our IPO Subscription Status Live section on the menu or click on the link.

Know About The Winsol Engineers Limited

Winsol Engineers, headquartered in Jamnagar, Gujarat, began its journey as Winsol Engineers Private Limited in 2015, later converting into a public limited company in 2023. Specializing in BoP (Balance of Plant) solutions for wind and solar power projects, the company handles critical aspects such as foundation work, substation civil and electrical work, right-of-way services, cabling to substations and grids, and miscellaneous tasks.

With a dedicated team of over 200 skilled professionals, Winsol Engineers has earned a solid reputation for its commitment to quality and timely project delivery. Their clientele includes prominent names like Suzlon, Adani Green Energy, Powerica Limited, and KP Energy Limited.

By December 2024, Winsol Engineers boasts over 75 ongoing projects valued at approximately INR 110.68 crore, with an unexecuted order book of INR 86.75 crore. Since 2018, they have completed more than 55 projects, amounting to over INR 170 crore. Their meticulous approach to project execution and cost efficiency has made them a preferred choice in the renewable energy sector.

In addition to their core BoP solutions, Winsol Engineers also offers operation and maintenance services, ensuring the smooth functioning and longevity of power generation facilities. Their ISO certifications (ISO-9001-2015, ISO-14001-2015, and ISO-45001-2018) underscore their commitment to delivering excellence in every aspect of their operations.

Referring Documents – Winsol Engineers Limited DRHP

Financial Details Of Winsol Engineers Limited

Profit Groth Of Winsol Engineers Limited is 13.04% in Last Quater.

ParticularsFor the Period / Year ended on (₹ in Lakhs)
31-Mar-2131-Mar-2231-Mar-2331-Dec-23
Libalites1816.832764.802856.023565.34
Assets1816.832764.802856.023565.34
Revenue2224.586080.006544.535202.28
Expenses2153.245931.445853.254297.24
Profit After Tax (PAT)49.44108.46518.07677.26

Financial Key Performance Indicators (KPI) Of Winsol Engineers Limited

ParticularsFor the Period / Year ended on (₹ in Lakhs)
31-Mar-2131-Mar-2231-Mar-2331-Dec-23
EBITDA154.35225.89784.59988.71
RoE (%)22.33%37.24%85.08%56.41%
RoCE (%)16.14%19.10%48.25%45.43%

Winsol Engineers Limited IPO Valuation

Winsol Engineers Limited IPO valuation for FY2023 showcases an Earning Per Share (EPS) of ₹6.16 per Equity Share and a Return on Net Worth (RoNW) of 59.28%. The Net Asset Value (NAV) stands at ₹10.39 per Equity Share. However, the Price/Earning (P/E) Ratio detail is currently unavailable.

Winsol Engineers Limited 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

Contact Details & addresses of Winsol Engineers Limited

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

Winsol Engineers Limited IPO Allotment Status

You can check Winsol Engineers IPO Allotment Status From the Kfin Technologies website.
To check Winsol Engineers IPO Allotment Status visit the to – Check IPO Allotment status
Now select the IPO name ( Winsol Engineers IPO) and after selecting the IPO name enter your application number or demat account no or PAN no. Now enter the chapter code and click on submit. If an IPO is allocated or not then you can see the status.

Winsol Engineers Limited IPO Review

Looking at Winsol Engineers Limited’s financial details, they show a strong performance with a profit growth of 13.04% in the last quarter. Their revenues have been increasing steadily, indicating a healthy business. Additionally, their EBITDA, Return on Equity (RoE), and Return on Capital Employed (RoCE) have been consistently impressive, reflecting efficient operations.

The valuation for Winsol Engineers Limited IPO also appears favourable, with an Earning Per Share (EPS) of ₹6.16 and a Return on Net Worth (RoNW) of 59.28%. While the Price/Earning (P/E) Ratio detail is not available yet, the Net Asset Value (NAV) stands at ₹10.39 per Equity Share.

Winsol Engineers Limited IPO presents a promising opportunity. Their focus on renewable energy projects, coupled with their strong financial performance, suggests potential for long-term growth. However, as with any investment, it’s important to conduct thorough research and consult with a financial advisor before making a decision.

Winsol Engineers Limited IPO FAQs

What is the size of Winsol Engineers Limited IPO?

Winsol Engineers Limited aims to raise Rs [.] crores through a fresh issue of up to 31,15,200 shares with no Offer For Sale (OFS).

When does the IPO subscription window open and close?

The IPO subscription window for Winsol Engineers Limited opens on [Not Fixed] 2024 and closes on April 2024.

What is the IPO price and face value of Winsol Engineers Limited?

The IPO price and face value are currently not fixed.

What is the expected IPO listing date?

The IPO listing date for Winsol Engineers Limited is currently not fixed.

What is the lot size for Winsol Engineers Limited IPO?

The lot size for retail & other investors is not fixed

What is the promoter holding in Winsol Engineers Limited?

The promoters hold a total of 99.90% of the company’s shares (pre-issue).

Who is the registrar for Winsol Engineers Limited IPO?

Kfin Technologies Limited is the registrar for Winsol Engineers Limited IPO.

How can I check the IPO allotment status for Winsol Engineers Limited?

You can check the IPO allotment status on the Kfin Technologies website using your application number, demat account number, or PAN number.

What are the financial key performance indicators (KPI) for Winsol Engineers Limited?

For the period ended on 31-Dec-23, Winsol Engineers Limited reported a Profit Growth of 13.04% and an EBITDA of ₹988.71 lakhs.

What is the contact information for Winsol Engineers Limited?

Winsol Engineers Limited can be contacted at Shop No. 301, Madhav Commercial Complex, Near Crystal Mall, Khodiyar Colony, Jamnagar, Gujarat, 361006, Phone: 0288-2710708, Email: info@winsol.info.

Who are the promoters of Winsol Engineers Limited?

The promoters of Winsol Engineers Limited are Mr. Ramesh Jivabhai Pindariya, Mrs. Amri Ramesh Pindariya, Ms. Pindariya Kashmira, Ms. Kashish Ramesh Pindariya, and Mr. Kishor Jivabhai Pindariya.

What is the retail quota percentage for Winsol Engineers Limited IPO?

The retail quota for Winsol Engineers Limited IPO is 35%.

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