Winsol Engineers Limited
Book Built Issue IPO · NSE
- Price band
- ₹71 - ₹75
- Lot size
- 1,600 shares
- Issue amount
- ₹23.36 cr
- Total subscription
- 682.21×
- Opens
- 6 May 2024
- Closes
- 9 May 2024
- Allotment
- 10 May 2024
- Listing
- 14 May 2024
Offer at a glance
Issue overview
- Issue size
- 31,15,200 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,13,600
- Fresh issue
- ₹23.36 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,20,000
- Issue type
- Book Built Issue IPO
- Shares before issue
- 84,20,000
- Shares after issue
- 1,15,35,200
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,600 | ₹1,20,000 |
| HNI | 2 | 3,200 | ₹2,40,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 4.45 | 0 |
| RETAIL | 7.76 | 0 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 8.04 | 6.15 | 1.29 |
| ROE | 56.41 | 85.08 | 37.24 |
| ROCE | 44.18 | 46.19 | 16.14 |
| RONW | 44.35 | 59.28 | 31.54 |
| PRE IPO(PE) | 4.13 | 0 | 0 |
| POST IPO(PE) | 12.19 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Established in December 2015, Winsol Engineers Limited is a distinguished provider of comprehensive engineering, procurement, construction, and commissioning services tailored for Balance of Plant (BoP) Solutions in the renewable energy sector, catering to both solar and wind power generation firms. Specializing in foundational work, substation civil and electrical services, and right-of-way solutions, Winsol Engineers exemplifies excellence through its ISO-9001-2015, ISO-14001-2015, and ISO-45001-2018 certifications, underscoring its commitment to top-notch quality execution. With a robust team exceeding 200 skilled engineers and technicians, the company showcases formidable prowess in project execution. As of April 2024, Winsol Engineers boasts a formidable portfolio of over 41 major ongoing projects valued at approximately 11,953.31 lakhs, with invoiced transactions reaching 2,115.54 lakhs by March 31, 2024, culminating in an impressive unbilled order book of 9,837.75 lakhs. This steadfast growth trajectory coupled with a highly qualified workforce of over 270 employees as of December 31, 2023, solidifies Winsol Engineers Limited as a cornerstone in the renewable energy infrastructure landscape.
Strengths
- Consistent Efficiency and Reliability: The company delivers timely, high-quality work, helping build strong customer trust and a solid market reputation.
- Competitive and Cost-Effective Solutions: Efficient resource management enables Winsol Engineers to offer attractive pricing without compromising profitability, giving it an edge over competitors.
- High Customer Loyalty and Referrals: Positive client relationships lead to repeat projects and word-of-mouth referrals, supporting steady growth and long-term business stability.
Risk factors
- High Dependence on Engineering & Consulting Services: Heavy reliance on engineering and consulting makes the company sensitive to industry cycles, economic slowdowns, and shifting client needs. Any decline in demand for these services could directly affect revenue and profitability.
- Risks of Operating from a Rented Office: Working from leased premises creates uncertainties related to rent hikes, lease renewals, or unexpected termination. Such changes can increase operating costs or disrupt day-to-day activities, impacting financial stability.
- Concerns Over Negative Cash Flow: Continued negative cash flow indicates difficulty in meeting operating expenses and maintaining liquidity. If this trend persists, it may lead to financial strain, limit growth opportunities, and require external funding that could add further obligations.
Promoters
Mr. Ramesh Jivabhai Pindariya
Mrs. Amri Ramesh Pindariya
Ms. Pindariya Kashmira
Ms. Kashish Ramesh Pindariya
Mr. Kishor Jivabhai Pindariya
Registrar & documents
Lead manager
Beeline Capital Advisors Private Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Shop No. 301, Madhav Commercial Complex, Near Crystal Mall, Khodiyar Colony, Jamnagar- 361006
0288-271070
[email protected]Company website ↗Understanding WINSOL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.