Winsol Engineers Ltd

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. Its core services for BoP Solutions includes Foundation work, Substation Civil and Electrical work, Right of Way services, Cabling to substation and Grid, and Miscellaneous work. Its clients are in the renewable energy industry who prefer the company for the BoP solutions due to its historic track record of timely completion of project, its 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. The Company is ISO-9001-2015, ISO-14001-2015 & ISO-45001-2018 certified company demonstrating our execution capabilities in quality. Balance of Plant solutions for Wind and Solar projects refers to all the components of a power generation facility excluding the main generating equipment. This includes structures, equipment, and systems necessary for the plant's operation. This can involve the design, procurement, installation, and commissioning of the balance of plant systems necessary for the overall functioning of the facility. The company is responsible for delivering the entire project, including balance of plant components but excluding the main generating equipment (such as turbines or generators).

Open Demat Account

50years

Winsol Engineers Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
31.15 LTBA10.35 L84.12 LNSE₹ 23.36 Cr
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
06 May, 2409 May, 241600 ₹ 1,13,600 Book Building - SME14 May, 24

Winsol Engineers Ltd IPO Details

Winsol Engineers Ltd IPO Dates

  • 06 May 2024

    Opening date

  • 09 May 2024

    Closing date

  • 10 May 2024

    Basis of
    Allotment

  • 13 May 2024

    Initiation of
    Refunds

  • 13 May 2024

    Credit of
    Shares

  • 14 May 2024

    Listing date

Details

SectorType
SectorEngineering - Turnkey Services
Sub SectorNA
Issue TypeBook Building - SME

Subscription Status

*Values are in Lakhs

Investor TypeSubscription Times
QIB0x
NII0x
Retail0x
Employee0x
Total0x

Subscription Status

Investor Type

QIB

NII

Retail

Employee

Total

*Values are in Lakhs

Winsol Engineers Ltd Financial Status

Income Statement

Balance Sheet

Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations7.251.841.13
EBITDA7.592.191.56
PAT5.181.080.49
Total Assets26.1724.7814.90
Share Capital0.020.020.02
Total Borrowings10.247.986.43
Operating Activities (Net Cash)5.521.430.92
Investing Activities (Net Cash)0.000.100.10
Financing Activities (Net Cash)10.247.986.43
Net Cashflow0.310.450.13

Particulars (in Rs. Crores)

Revenue from operations

EBITDA

PAT

Total Assets

Share Capital

Total Borrowings

Operating Activities (Net Cash)

Investing Activities (Net Cash)

Financing Activities (Net Cash)

Net Cashflow

About Winsol Engineers Ltd

Winsol Engineers Limited was incorporated as `Winsol Engineers Private Limited' at Jamnagar, Gujarat as a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation dated December 30, 2015, issued by the Registrar of Companies, Gujarat. Thereafter, the Company was converted into a public limited company pursuant to a special resolution passed in the extraordinary general meeting of the Shareholders held on December 09, 2023, and consequently the name of the Company was changed to `Winsol Engineers Limited', pursuant to a fresh certificate of incorporation issued by the Registrar of Companies, Gujarat, on December 21, 2023.

The Company provides BoP (Balance of Plant) Solutions for both Wind and Solar power generation companies and also provides Operation and Maintenance services for Plant handling and monitoring. Balance of Plant refers to all the components of a power generation facility or industrial plant excluding the main generating equipment. While, under Operation & Maintenance vertical, our company provides support to site operations for optimised performance.

Peer Comparison:

  • Winsol Engineers Ltd
  • Konstelec Engineers Ltd

Winsol Engineers Ltd IPO Key Points

Strengths

  • Experienced Promoters and Management Team.
  • End-to-end execution capabilities.
  • Optimal Utilization of Resources.
  • Long-standing relationships with its customers.

Risk

  • The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect its business, reputation and results of operations.
  • Its registered office from where the company operates is not owned by it.
  • The company has experienced negative cash flows from operations in the recent past, and its may have negative cash flows in the future.

Strategy

  • Continue to enhance its project execution capabilities.
  • Leveraging its market skills and relationship.
  • Maintaining edge over competitors.
  • Expand its geographical footprint.

Winsol Engineers Ltd IPO Key Points

  • Experienced Promoters and Management Team.
  • End-to-end execution capabilities.
  • Optimal Utilization of Resources.
  • Long-standing relationships with its customers.
  • The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect its business, reputation and results of operations.
  • Its registered office from where the company operates is not owned by it.
  • The company has experienced negative cash flows from operations in the recent past, and its may have negative cash flows in the future.
  • Continue to enhance its project execution capabilities.
  • Leveraging its market skills and relationship.
  • Maintaining edge over competitors.
  • Expand its geographical footprint.

How To Apply for Winsol Engineers Ltd 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.

Get your FAQs right

Winsol Engineers Ltd's IPO offers shares for up to ₹ 0 L It begins on May 6, 2024 and ends on May 9, 2024.

The price of Winsol Engineers Ltd IPO ranges between ₹71 to ₹75 per share.

The Winsol Engineers Ltd IPO opens on May 6, 2024 and closes on May 9, 2024.

The allotment for the Winsol Engineers Ltd IPO will be finalised on May 10, 2024. The shares will be listed on BSE and NSE on May 14, 2024.

The minimum lot size for Winsol Engineers Ltd IPO is 1600 shares, priced between ₹71 to ₹75 per share.

The GMP (Grey Market Premium) of Winsol Engineers Ltd IPO fluctuates based on market demand and sentiment.

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

The Winsol Engineers Ltd IPO is getting listed on the BSE and NSE. Bidding opens on May 6, 2024, and closes on May 9, 2024. The allotment is finalised on May 10, 2024.

To apply for the Winsol Engineers Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.