Winsol Engineers Ltd IPO
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Winsol Engineers Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 31.15 L | TBA | ₹ 10.35 L | ₹ 84.12 L | NSE | ₹ 23.36 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 06 May, 24 | 09 May, 24 | 1600 | ₹ 1,13,600 | Book Building - SME | 14 May, 24 |
Winsol Engineers Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Engineering - Turnkey Services |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 83.3x | 1476800 | 123012800 |
| NII | 1089.18x | 444800 | 484465600 |
| Retail | 783.84x | 1035200 | 811430400 |
| Employee | 0x | 0 | 0 |
| Total | 455.48x | 3115200 | 1418908800 |
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) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 12.03 | 7.25 | 1.84 |
| EBITDA | 12.40 | 7.57 | 2.19 |
| PAT | 8.68 | 5.17 | 1.08 |
| Total Assets | 36.31 | 26.15 | 24.78 |
| Share Capital | 8.42 | 0.02 | 0.02 |
| Total Borrowings | 12.04 | 9.61 | 7.98 |
| Operating Activities (Net Cash) | 9.05 | 5.49 | 1.43 |
| Investing Activities (Net Cash) | 0.23 | 0.00 | 0.10 |
| Financing Activities (Net Cash) | 12.04 | 9.61 | 7.98 |
| Net Cashflow | 0.46 | 0.31 | 0.45 |
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.
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).
Peer Comparison:
- 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.
- Experienced Promoters and Management Team.
- End-to-end execution capabilities.
- Optimal Utilization of Resources.
- Long-standing relationships with its customers.
How To Apply for Winsol Engineers 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.