Winsol Engineers Limited is an integrated engineering, procurement, construction and commissioning company providing Balance of Plant (BoP) Solutions for both Wind and Solar power generation companies.
Winsol Engineers core services for BoP Solutions includes Foundation work, Substation Civil and Electrical work, Right of Way services, Cabling to substation and Grid, and Miscellaneous work. In addition to the company’s core BoP Solutions, Winsol Engineers also provides Operation and Maintenance services for Plant handling and monitoring.
The company is ISO-9001-2015, ISO-14001-2015 & ISO-45001-2018 certified company demonstrating for its execution capabilities in quality.
The company has total team strength of more than 200 (Engineers and Technicians) for execution of various projects. The company has been executing various projects on a Turnkey basis for various clients including Suzlon, Adani Green Energy, Powerica Limited and KP Energy Limited.
As of April 2024, they have more than 41 major ongoing projects with a total value of approximately ₹11,9.53 Crores. As of March 31, 2024, invoices totalling more than ₹2,1.15 Crores have been booked, leaving an unexecuted or unbilled order book of ₹9,8.37 Crores.
As of December 31, 2023, the workforce will consist of over 270 employees, including more than 200 engineers and technicians.
Winsol Engineers IPO – Details
| IPO Opening Date | 06 May 2024 |
| IPO Closing Date | 09 May 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 31,15,200 Shares Worth ₹23.36 Crore Fresh Issue: 31,15,200 Shares Worth ₹23.36 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹71 – ₹75 |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Kfin Technologies Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Winsol Engineers IPO – Date Schedule
| IPO Open Date | 06 May 2024 |
| IPO Close Date | 09 May 2024 |
| Basis of Allotment | 10 May 2024 |
| Initiation of Refund | 13 May 2024 |
| Credit of Shares to Demat Account | 13 May 2024 |
| IPO Listing Date | 14 May 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 09, 2024 |
Winsol Engineers IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1600 | ₹1,20,000 |
| Retail (Maximum) | 1 | 1600 | ₹1,20,000 |
| HNI (Minimum) | 2 | 3200 | ₹2,40,000 |
Competitive Strengths
- Experienced Promoters and Management Team.
- End-to-end execution capabilities.
- Optimal Utilization of Resources.
- Long-standing relationships with our customers.
Company Promoters
- Mr. Ramesh Jivabhai Pindariya
- Mrs. Amri Ramesh Pindariya
- Ms. Pindariya Kashmira
- Ms. Kashish Ramesh Pindariya
- Mr. Kishor Jivabhai Pindariya
Object Of The Issue
- Working Capital Requirements.
- General Corporate Purposes.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 22.24 | 21.53 | 0.49 | 8.14 |
| 31 March 2022 | 60.80 | 59.31 | 1.08 | 9.28 |
| 31 March 2023 | 65.44 | 58.53 | 5.18 | 10.58 |
| 31 December 2023 | 52.02 | 42.97 | 6.77 | 8.46 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 22.33% |
| ROCE | 11.71% |
| Debt/Equity | 0.55 |
| RoNW | 44.35% |
| P/BV | 4.13 |
| PAT Margin (%) | 13.04 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 6.15 | 7.83 |
| P/E (x) | 12.19 | 9.58 |
Winsol Engineers IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 72.99% |
Winsol Engineers IPO Prospectus
Company Contact Information
| Winsol Engineers Limited Shop No. 301, Madhav Commercial Complex, Near Crystal Mall Khodiyar Colony, Jamnagar- 361006 Phone: 0288-271070 Email: info@winsol.info Website: https://winsol.info/ |
Winsol Engineers IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: npil.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
Winsol Engineers IPO Lead Manager(s)
| 1. Beeline Capital Advisors Pvt Ltd |
Winsol Engineers IPO FAQs
| What is Winsol Engineers IPO? Winsol Engineers IPO is a SME IPO. The issue is priced at ₹71 – ₹75 per equity share. The IPO is to be listed on NSE SME. |
| When Winsol Engineers IPO will open? The IPO is to open on 06 May 2024 for QIB – 50%, NII – 15% and Retails – 35% Investors. |
| How to Winsol Engineers IPO? You can apply for Winsol Engineers IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Winsol Engineers IPO through 5 Paisa? Log in to the 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Winsol Engineers”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with 5 Paisa. |
| How to Apply the Winsol Engineers IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Winsol Engineers”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Winsol Engineers IPO Size? Winsol Engineers IPO size is ₹23.36 crores. |
| What is Winsol Engineers IPO Price Band? Winsol Engineers IPO Price Band is ₹71 – ₹75. |
| What is Winsol Engineers IPO Minimum and Maximum Lot Size? The minimum bid is 1600 Shares with ₹1,20,000 amount while the maximum bid is 1600 shares with ₹1,20,000. |
| What is the Winsol Engineers IPO Allotment Date? Winsol Engineers IPO allotment date is 10 May 2024. |
| What is the Winsol Engineers IPO Listing Date? Winsol Engineers IPO listing date is 14 May 2024. The IPO is to list on NSE SME. |
