Winsol Engineers IPO Details, Financials, Valuation & Peers

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Get everything you need to know about the Winsol Engineers IPO. Explore Winsol Engineers IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.

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Status
Listed
Biding Dates
06 May - 09 May 2024
Price Range
₹ 71 - 75
Issue Size
₹ 23.36 crore
Listed Price
₹365386.67%

Overview

Winsol Engineers Limited is an integrated engineering, procurement, construction, and commissioning company based in Jamnagar, Gujarat. Established in 2015, the company specializes in providing Balance of Plant (BoP) Solutions for both wind and solar power generation projects. In addition to the core BoP Solutions, Winsol Engineers Limited also provides Operation and Maintenance services for Plant handling and monitoring.

Key Points:

  1. Leadership: Winsol Engineers benefits from the extensive experience of its promoters, Mr. Ramesh Jivabhai Pindariya and Mr. Kishor Jivabhai Pindariya, who have been instrumental in the company's success since its inception.
  2. Core Services: Specializing in BoP Solutions for renewable energy projects, Winsol Engineers offers a comprehensive range of services including foundation work, substation civil and electrical work, right-of-way services, cabling to substations and grid, and miscellaneous work.
  3. Projects: Winsol Engineers has successfully executed numerous projects on a turnkey basis for reputable clients such as Suzlon, Adani Green Energy, Powerica Limited, and KP Energy Limited. The company's track record includes completing over 55 projects since 2018, showcasing its execution capabilities and project management expertise.
  4. Business Verticals: The company derives its revenue from two primary business verticals: BoP Solutions, which encompasses engineering and consulting work, as well as civil construction work; and Operation & Maintenance Services, which involves supporting site operations for optimized performance of renewable energy projects.
  5. Subsidiary: Winsol Engineers expanded its business operations by acquiring Repower Infrastructure Private Limited, a wholly-owned subsidiary engaged in the same line of business on February 10, 2024.

IPO Docs

Objects of the Issue

  • Working Capital Requirements
  • General Corporate Purpose

IPO Details

Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.

FieldsDetails
IPO Dates06 May - 09 May 2024
IPO Price Band₹ 71 - 75 per share
Fresh IssueUpto 31,15,200 Shares
Offer For SaleNIL
Total IPO Size₹ 23.36 crore
Face Value₹ 10
Listing OnNSE

IPO Timeline

Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.

EventDate
IPO Opening Date06 May 2024
IPO Closing Date09 May 2024
Basis Of Allotment10 May 2024
Refunds13 May 2024
Demat Transfer13 May 2024
IPO Listing Date14 May 2024

Financial Statements

Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.

Period Ended31st March 202131st March 202231st March 2023Dec 2023
Total Income22.2560.8065.4552.02
Total Expenses21.5359.3158.5342.97
Net Profit/Loss0.491.085.186.77
NPM (*)2.231.797.9213.04
Total Assets18.1727.6528.5635.65
Total Liabilities15.7824.2119.8220.38

* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)

Valuation

Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.

Period Ended31st March 202131st March 202231st March 2023Dec 2023
EPS0.591.296.158.04
ROE (%)22.3337.2485.0856.41
ROCE (%)11.7116.1446.1944.18
D/E Ratio3.412.701.210.55
Current Ratio1.201.151.561.81
EBITDA MARGIN (%)6.963.7212.019.03

* Compiled from DRHP/RHP for valuation purposes.

Peer Comparison

Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.

NameRevenueP/EEPSRoNWNAV
Winsol Engineers Limited65.3912.26.1559.2810.38
Konstelec Engineers Limited150.3138.676.5311.5856.40

* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.

Subscription Data from NSE and BSE

Investor TypeSubscribed
Qualified Institutional Buyer (QIB)207.23
Non-Institutional Investor (NII/HNI)1087.81
Retail Individual Investor (RII)780.15
Total682.14

* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.

IPO Registrar

KFin Technologies Limited
Phone
: +91 40 6716 2222/ 18003094001
Email: einward.ris@kfintech.com
Website: www.kfintech.com

Company Promoters

  • MR. RAMESH JIVABHAI PINDARIYA
  • MRS. AMRI RAMESH PINDARIYA
  • MS. PINDARIYA KASHMIRA
  • MS. KASHISH RAMESH PINDARIYA
  • MR. KISHOR JIVABHAI PINDARIYA

Lead Managers

  • BEELINE CAPITAL ADVISORS PRIVATE LIMITED

Company Address

Winsol Engineers Limited

Shop No. 301, Madhav Commercial Complex, Near Crystal Mall, Khodiyar Colony, Jamnagar, Gujarat, India 361006

Phone: 0288-2710708

Email: info@winsol.info

Website: www.winsol.info

FAQs

  • What is the issue size of the Winsol Engineers SME IPO?
    The Winsol Engineers SME IPO has an issue size of ₹ 23.36 crore. This includes a fresh issue of Upto 31,15,200 Shares and an offer for sale (OFS) of NIL.
  • What is the price band of the Winsol Engineers IPO?
    The price band for the Winsol Engineers IPO is ₹ 71 - 75 per share.
  • What are the bidding dates for the Winsol Engineers IPO?
    The Winsol Engineers IPO will open for bidding on 06 May 2024 and close on 09 May 2024.
  • What is the allotment date for the Winsol Engineers IPO?
    The allotment date for the Winsol Engineers IPO is 10 May 2024.
  • What is the listing date for the Winsol Engineers IPO?
    The listing date for the Winsol Engineers IPO is 14 May 2024.
  • What is the Winsol Engineers IPO grey market premium?
    The grey market premium (GMP) for the Winsol Engineers IPO is currently at ₹199, with an expected listing gain of approximately 265.33%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.

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