Winsol Engineers IPO Details, Financials, Valuation & Peers
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.
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:
- 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.
- 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.
- 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.
- 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.
- 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.
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.
| Fields | Details |
|---|---|
| IPO Dates | 06 May - 09 May 2024 |
| IPO Price Band | ₹ 71 - 75 per share |
| Fresh Issue | Upto 31,15,200 Shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹ 23.36 crore |
| Face Value | ₹ 10 |
| Listing On | NSE |
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.
| Event | Date |
|---|---|
| IPO Opening Date | 06 May 2024 |
| IPO Closing Date | 09 May 2024 |
| Basis Of Allotment | 10 May 2024 |
| Refunds | 13 May 2024 |
| Demat Transfer | 13 May 2024 |
| IPO Listing Date | 14 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 Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Dec 2023 |
|---|---|---|---|---|
| Total Income | 22.25 | 60.80 | 65.45 | 52.02 |
| Total Expenses | 21.53 | 59.31 | 58.53 | 42.97 |
| Net Profit/Loss | 0.49 | 1.08 | 5.18 | 6.77 |
| NPM (*) | 2.23 | 1.79 | 7.92 | 13.04 |
| Total Assets | 18.17 | 27.65 | 28.56 | 35.65 |
| Total Liabilities | 15.78 | 24.21 | 19.82 | 20.38 |
* 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 Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Dec 2023 |
|---|---|---|---|---|
| EPS | 0.59 | 1.29 | 6.15 | 8.04 |
| ROE (%) | 22.33 | 37.24 | 85.08 | 56.41 |
| ROCE (%) | 11.71 | 16.14 | 46.19 | 44.18 |
| D/E Ratio | 3.41 | 2.70 | 1.21 | 0.55 |
| Current Ratio | 1.20 | 1.15 | 1.56 | 1.81 |
| EBITDA MARGIN (%) | 6.96 | 3.72 | 12.0 | 19.03 |
* 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.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Winsol Engineers Limited | 65.39 | 12.2 | 6.15 | 59.28 | 10.38 |
| Konstelec Engineers Limited | 150.31 | 38.67 | 6.53 | 11.58 | 56.40 |
* 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 Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 207.23 |
| Non-Institutional Investor (NII/HNI) | 1087.81 |
| Retail Individual Investor (RII) | 780.15 |
| Total | 682.14 |
* 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.