Located at Jamnagar, Winsol Engineers Limited is an integrated engineering, procurement, construction, and commissioning company providing Balance of Plant (BoP) Solutions for both Wind and Solar power generation companies. Their core services for BoP Solutions include Foundation work, Substation Civil and Electrical work, Right of Way services, Cabling to substation and Grid, and Miscellaneous work. Their clients are in the renewable energy industry and prefer their company for the BoP solutions due to their historic track record of timely completion of the project, their expertise and extensive experience in the business, and cost efficiency. In addition to its core BoP Solutions, the company also provides Operation and Maintenance services for Plant handling and monitoring. They are ISO-9001-2015, ISO-14001-2015 & ISO-45001-2018 certified company demonstrating their execution capabilities in quality.
The company has a total team strength of more than 200 (Engineers and Technicians) for the execution of various projects. The company has been executing various projects on a Turnkey basis for various clients including Suzlon, Adani Green Energy, Powerica Limited, and KP Energy Limited. On a materiality basis since 2018, the company has completed more than 55 Projects amounting to more than ₹ 17,000.00 lakhs showing their execution capabilities, both in terms of the size of projects and the number of projects that they execute. As of the date of Red Herring Prospectus, they have more than 41 Major Ongoing projects having a total value of approximately ₹ 11,953.31 lakhs out of which invoices of more than ₹2,115.54 lakhs have been booked as of March 31, 2024, having into unexecuted or unbilled order book of ₹ 9,837.75 lakhs
Objects of the Issue:
- Working Capital Requirements
- General Corporate Purposes
Winsol Engineers IPO Review
- May Apply
Winsol Engineers IPO Date & Price Band Details
| IPO Open: | May 6, 2024 |
| IPO Close: | May 9, 2024 |
| IPO Size: | Approx ₹23.36 Crores, 3,115,200 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹71 to ₹75 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Winsol Engineers IPO Market Lot
The Winsol Engineers IPO minimum market lot is 1600 shares with a ₹120,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1600 | ₹120,000 |
| Retail Maximum | 1 | 1600 | ₹120,000 |
| S-HNI Minimum | 2 | 3200 | ₹240,000 |
Winsol Engineers IPO Dates
The Winsol Engineers IPO date is May 6 and the IPO close date is May 9. The IPO allotment date is May 10 and the IPO might list on May 14.
| IPO Open Date: | May 6, 2024 |
| IPO Close Date: | May 9, 2024 |
| Basis of Allotment: | May 10, 2024 |
| Refunds: | May 13, 2024 |
| Credit to Demat Account: | May 13, 2024 |
| IPO Listing Date: | May 14, 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Winsol Engineers IPO Form
How to apply Winsol Engineers IPO? You can apply Winsol Engineers IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Winsol Engineers IPO in the Invest section. The other option you can apply Winsol Engineers IPO via IPO forms download via the NSE website. Check out the Winsol Engineers forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
Winsol Engineers Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹22.25 | ₹21.53 | ₹0.49 |
| 2022 | ₹60.80 | ₹59.31 | ₹1.08 |
| 2023 | ₹65.45 | ₹58.53 | ₹5.18. |
| Dec 2023 | ₹52.02 | ₹42.97 | ₹6.77 |
Winsol Engineers IPO Valuation – FY2023
Check Winsol Engineers IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹6.15 per Equity Share |
| Price/Earning P/E Ratio: | 6.15 |
| Return on Net Worth (RoNW): | 59.28% |
| Net Asset Value (NAV): | ₹10.38 per Equity Share |
Peer Group
- Konstelec Engineers Limited
Company Promoters
- Mr. Ramesh Jivabhai Pindariya
- Mrs. Amri Ramesh Pindariya
- Ms. Pindariya Kashmira
- Ms. Kashish Ramesh Pindariya
- Mr. Kishor Jivabhai Pindariya
Winsol Engineers IPO Registrar
Kfin Technologies Limited
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: 91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com
Winsol Engineers IPO Allotment Status
Check Winsol Engineers IPO allotment status on Kfin Technologies website URL. Click Here
Winsol Engineers IPO Lead Managers aka Merchant Bankers
- Beeline Capital Advisors Pvt. Ltd
Company Address
Winsol Engineers Limited
Shop No. 301, Madhav Commercial Complex,
Near Crystal Mall, Khodiyar Colony, Jamnagar, Gujarat, 361006
Phone: 0288-2710708
E-mail: [email protected]
Website: www.winsol.info
