| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹23.36 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹23.36 Cr |
| Fresh Issue | ₹22.18 Cr |
| Face Value | โน10 Per Equity Share |
| Price Band | โน71.00-75.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | WINSOL |
| Registrar | Kfin Technologies Ltd. |
| Lead Managers | Beeline Capital Advisors Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,600 shares and in multiples thereof
Incorporated in December 2015,Winsol Engineers Limited is a company that provides integrated engineering, procurement, construction, and commissioning services for Balance of Plant (BoP) Solutions for both solar and wind power generation firms.
The company's core services for BoP Solutions include foundation work, substation civil and electrical work, and right-of-way services.
The company is ISO-9001-2015, ISO-14001-2015, and ISO-45001-2018 certified, demonstrating its execution capabilities in quality.
The company has more than 200 engineers and technicians on their team for project execution.
As of April 2024, they have more than 41 major ongoing projects with a total value of approximately โน11,953.31 lakhs. As of March 31, 2024, invoices totalling more than โน2,115.54 lakhs have been booked, leaving an unexecuted or unbilled order book of โน9,837.75 lakhs.
As of December 31, 2023, the workforce consists of over 270 employees, including more than 200 engineers and technicians.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (โน Cr.) |
|---|---|---|
| 1 | Working Capital Requirements | 15.00 |
| 2 | General Corporate Purposes | 5.31 |
| Total | 20.31 |
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 35.65 | 28.56 | 27.65 | 18.17 |
| Total Income | 52.02 | 65.45 | 60.80 | 22.25 |
| Profit After Tax | 6.77 | 5.18 | 1.08 | 0.49 |
| NET Worth | 15.27 | 8.74 | 3.44 | 2.39 |
| Reserves and Surplus | 6.85 | 8.72 | 3.42 | 2.37 |
| Total Borrowing | 8.47 | 10.59 | 9.29 | 8.14 |
| Amount in ₹ Crore | ||||
| KPI | Dec 31, 2023 |
|---|---|
| ROE | 22.33% |
| ROCE | 11.71% |
| Debt / Equity | 0.55% |
| RoNW | 44.35% |
| PAT Margin | 13.04% |
| Price to Book Value | 4.13 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (โน) | 6.15 | 7.83 |
| P/E (x) | 12.19 | 9.58 |
| Promoter Holding | 100.00% | 72.99% |
| Market Cap | โน86.51 Cr. | |