Winsol Engineers Limited IPO (Winsol Engineers IPO)

Winsol Engineers Limited IPO
Upcoming Winsol Engineers IPO | New Winsol Engineers IPO

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

Winsol Engineers IPO – Details

IPO Opening Date06 May 2024
IPO Closing Date09 May 2024
Issue TypeBook Built Issue IPO
Issue Size31,15,200 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 Lot1600 Shares
Min Order1600 Shares (1 Lot)
Listing AtNSE SME
RegisterKfin Technologies Limited
QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Winsol Engineers IPO – Date Schedule

IPO Open Date06 May 2024
IPO Close Date09 May 2024
Basis of Allotment10 May 2024
Initiation of Refund13 May 2024
Credit of Shares to Demat Account13 May 2024
IPO Listing Date14 May 2024
Cut-off time for UPI mandate confirmation5 PM on May 09, 2024

Winsol Engineers IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)11600₹1,20,000
Retail (Maximum)11600₹1,20,000
HNI (Minimum)23200₹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.
Winsol Engineers IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 202122.2421.530.498.14
31 March 202260.8059.311.089.28
31 March 202365.4458.535.1810.58
31 December 202352.0242.976.778.46
Amount in ₹ Crore

Key Performance Indicator

PAT Margin (%)13.04
EPS (Rs)6.157.83
P/E (x)12.199.58

Winsol Engineers IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding72.99%

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

Winsol Engineers IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Winsol Engineers IPO Lead Manager(s)

1. Beeline Capital Advisors Pvt Ltd

Winsol Engineers IPO FAQs

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.
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