Winsol Engineers, a company that designs, builds and supplies equipment for renewable energy projects (like solar and wind farms), is going public through an IPO on May 6th. This article will explain everything you need to know about the IPO so you can decide if it’s a good investment for you. The window to apply to buy shares is from May 6th to May 9th.
Winsol Engineers isn’t your average renewable energy company. Based in Jamnagar, Gujarat, they focus on the nuts and bolts behind wind and solar farms, the Balance of Plant (BoP). Think of them as the plumbers and electricians of the clean energy world. They handle everything from designing the project and getting the materials to building the foundations, electrical substations, and making sure everything connects smoothly.
Winsol Engineers isn’t new to the game. They’ve been around since 2015 and have a team of over 200 engineers and technicians to get the job done. And to show their commitment to quality, they’re ISO certified in three areas, which basically means they follow strict international standards.
Winsol Engineers IPO Details
Winsol Engineers Limited’s SME IPO will go live for subscription on May 6, 2024, and will remain open until May 9. Speaking of its price band, each share will be priced at ₹ 71-75. When it comes to lots, there will be a lot of 1600 shares. To participate in this, you’ll need to invest a minimum of ₹ 120,000.
| IPO Date | May 6, 2024 to May 9, 2024 |
| Listing Date | May 14, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹71 to ₹75 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 3,115,200 shares (aggregating up to ₹23.36 Cr) |
| Fresh Issue | 3,115,200 shares (aggregating up to ₹23.36 Cr) |
| IPO Type | SME IPO |
| Listing At | NSE SME |
| Share holding pre issue | 8,420,000 |
| Share holding post issue | 11,535,200 |
| Market Maker portion | 158,400 shares |
Important Dates
| Event | Date |
|---|---|
| IPO Open Date | Monday, May 6, 2024 |
| IPO Close Date | Thursday, May 9, 2024 |
| Allotment Date | Friday, May 10, 2024 |
| Credit of Shares to Demat | Monday, May 13, 2024 |
| Listing Date | Tuesday, May 14, 2024 |
Winsol Engineers IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹120,000 |
| Retail (Max) | 1 | 1600 | ₹120,000 |
| HNI (Min) | 2 | 3,200 | ₹240,000 |
Strength
- Renewable energy is a growing sector, and Winsol Engineers is poised to benefit from this trend.
- The company has a track record of completing successful projects for major clients such as Suzlon and Adani Green Energy.
- Winsol Engineers demonstrates a commitment to quality with their ISO certifications.
- The IPO price band appears reasonable, offering investors a potentially attractive entry point.
Weakness
- Limited financial transparency: Current financial data, like PAT, is restricted.
- SME IPO volatility: SME offerings are riskier and experience higher share price fluctuations.
- External dependence: Winsol Engineers’ success relies partly on government policies supporting the renewable energy sector.
GMP
As of today, May 4, 2024, IPO Watch, a website tracking unofficial market sentiment for upcoming IPOs, reports Winsol Engineers’ Grey Market Premium (GMP) to be ₹120, indicating a 133% increase. It’s important to note that the GMP is not an official source and should not be the sole basis for investment decisions.
Conclusion
The Grey Market Premium (GMP) for this SME IPO can change over time, so it’s not wise to base investment decisions solely on it. The information in this article is meant for educational purposes only and should not be considered as investment advice. Neither the author nor Live4Daily take responsibility for any losses resulting from investment decisions. Before investing, it’s best to seek advice from a financial advisor.
FAQs
Where can I find more information about the IPO? :- You can refer to the Red Herring Prospectus (RHP) for detailed information about the company and the IPO.
Should I invest in this IPO? :- Carefully review the RHP, assess your risk tolerance, and consult a financial advisor before making any investment decisions.
