Winny Immigration & Education Services Ltd IPO

Winny Immigration & Education Services Ltd IPO

The Company WINNY is mainly in the visa consultancy business. The company provides assistance (Service) to individual for study, travel, work, business and migration purpose. As the world becomes increasingly interconnected, the demand for skilled professionals, students, and travelers to cross borders has surged and it has seized this opportunity to expand its business by providing guidance in the complex process of obtaining visa's for different purposes in current era. The company has successfully assisted thousands of clients in navigating the complex immigration and visa processes. The primary objective of the Company is to streamline the visa application process for its clients. The Company is providing consultancies in the below stated range of services: 1. Training for Language Proficiency Examinations 2. Consulting and processing a range of Temporary Residence Visas. 3. Consulting and processing Permanent Residency Visas.

Winny Immigration & Education Services Ltd IPO Details

Total Shares Offered

₹ 6,52,000

Offer to Public

TBA

Retail Max (Shares)

₹ 3,09,000

Pre Issue Promoters Holding

₹ 12,65,000

Exchange

NSE

Issue size

TBA

IPO Open Date

Jun 20, 2024

Close Date

Jun 24, 2024

Lot Size

1000

Min Investment

TBA

Issue Type

Fixed Price - SME

Listing Date

Jun 27, 2024

Winny Immigration & Education Services Ltd IPO Dates

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Jun 20, 2024
Opening date
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Jun 24, 2024
Closing date
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Jun 25, 2024
Basis of Allotment
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Jun 26, 2024
Initiation of Refunds
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Jun 26, 2024
Credit of Shares
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Jun 27, 2024
Listing date

Details

SectorType
SectorMiscellaneous
Sub SectorNA
Issue TypeFixed Price - SME

Subscription Status

*Values are in Lakhs

Investor Type

QIB

NII

Retail

Employee

Total

Winny Immigration & Education Services Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)
Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations-5.920.852.30
EBITDA-5.641.182.66
PAT-4.630.391.45
Total Assets6.444.263.98
Share Capital2.171.520.03
Total Borrowings2.093.863.37
Operating Activities (Net Cash)-4.350.721.81
Investing Activities (Net Cash)-0.080.000.00
Financing Activities (Net Cash)2.093.863.37
Net Cashflow4.511.040.58

About Winny Immigration & Education Services Ltd

Winny Immigration & Education Services Limited was originally incorporated as `Winny Immigration & Education Services Private Limited' as Private Limited Company under the provisions of Companies Act, 1956 vide Certificate of Incorporation dated June 09, 2008 bearing Corporate Identification Number U93000GJ2008PTC054150 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Further, the Company was converted in to a public limited Company pursuant to a special resolution passed by its shareholders at the EGM held on November 07, 2023 and consequently the name of the Company was changed to `Winny Immigration & Education Services Limited' and a fresh certificate of incorporation was issued by the Registrar of Companies, Ahmedabad dated November 08, 2023. The CIN of the Company is U93000GJ2008PLC054150.

India is blessed with abundant talent and skills that can be utilized in the global workplace. Our people increasingly travel abroad, whether it is in the quest for education, the search for work or the execution of services. At the same time, travellers and tourists from India have also increased, reflecting our growing interest in other countries and regions. Indians abroad, whether on a longer-term stay or a short duration visit, are a special responsibility for the Government. It has again been the approach of the Government that we must reach out to Indians in distress, however difficult the circumstances. Sometimes, this has been demonstrated dramatically through rescue and relief operations. But the day-to-day processes to assist Indians are even more important, precisely because they apply everywhere everyday. Expanding resources, reforming their application and changing the mindset and work culture of Embassies abroad have all been part of this change. The usage of digital platforms and tools to this end has been particularly notable.

The Company WINNY is mainly in the visa consultancy business. The company provides assistance (Service) to individual for study, travel, work, business and migration purpose. As the world becomes increasingly interconnected, the demand for skilled professionals, students, and travelers to cross borders has surged and it has seized this opportunity to expand its business by providing guidance in the complex process of obtaining visa's for different purposes in current era. The company has successfully assisted thousands of clients in navigating the complex immigration and visa processes. The primary objective of the Company is to streamline the visa application process for its clients. The Company is providing consultancies in the below stated range of services: 1. Training for Language Proficiency Examinations 2. Consulting and processing a range of Temporary Residence Visas. 3. Consulting and processing Permanent Residency Visas.

Peer Comparison:

  • No Listed Industry Peers

Winny Immigration & Education Services Ltd Key Points

Strengths

Experienced and Knowledgeable Staff.

Customization Expertise.

Technology Integration.

Range of services under one Roof.

Clear and Transparent Terms.

Risk

The company does not own registered office premises.

All of its Branch Office premises are on leased/rental basis.

One of the Object of the issue is to raise the funds of Rs. 97.00 Lakhs for opening of branches at various places in India. One of the Object of the issue is to raise the funds of Rs.97.00 Lakhs for opening of branches at various places in India.

Strategy

Increase in Technology Integration to the Business.

Strategic Partnerships to offer more services.

More market penetration by increasing branch offices and franchisees.

How To Apply for Winny Immigration & Education Services Ltd IPO Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Winny Immigration & Education Services Ltd IPO?

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Winny Immigration & Education Services Ltd's IPO offers shares for up to 9.13 It begins on Jun 20, 2024 and ends on Jun 24, 2024.

What is the price of the Winny Immigration & Education Services Ltd IPO?

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The price of Winny Immigration & Education Services Ltd IPO ranges between NA to NA per share.

What are the open and close dates for the Winny Immigration & Education Services Ltd IPO?

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The Winny Immigration & Education Services Ltd IPO opens on Jun 20, 2024 and closes on Jun 24, 2024.

When will the Winny Immigration & Education Services Ltd IPO be allotted?

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The allotment for the Winny Immigration & Education Services Ltd IPO will be finalised on Jun 25, 2024. The shares will be listed on BSE and NSE on Jun 27, 2024.

What is the minimum lot size required for Winny Immigration & Education Services Ltd IPO?

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The minimum lot size for Winny Immigration & Education Services Ltd IPO is 1000 shares, priced between NA to NA per share.

What is the GMP of Winny Immigration & Education Services Ltd IPO?

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The GMP (Grey Market Premium) of Winny Immigration & Education Services Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Winny Immigration & Education Services Ltd IPO?

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To check the allotment status of Winny Immigration & Education Services Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Winny Immigration & Education Services Ltd IPO getting listed?

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The Winny Immigration & Education Services Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jun 20, 2024, and closes on Jun 24, 2024. The allotment is finalised on Jun 25, 2024.

How do you apply for the Winny Immigration & Education Services Ltd IPO?

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To apply for the Winny Immigration & Education Services Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.

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