The IPO subscription for Winsol Engineers begins on May 6: Verify the listing date, issue size, and price band.
On May 10, Winsol Engineers is anticipated to conclude the IPO share allotment basis. On May 13, shares will be deposited into the Demat accounts of the successful candidates. The tentative date for Winsol Engineers’ initial public offering (IPO) share listing on the NSE SME platform, Emerge, is May 14.
The public subscription for the Winsol Engineers Limited initial public offering (IPO), which consists of 31.15 lakh shares with a face value of ₹10 apiece, will begin on Monday, May 6. On Thursday, May 9, the subscription period for Winsol Engineers Ltd.’s initial public offering will end.
Through the IPO, Winsol Engineers, an EPC company that offers services for BoP solutions in the wind and solar power industries, hopes to collect 23.36 crore.
Qualified institutional buyers (QIBs), non-institutional buyers (NIIs), and retail buyers are the designated recipients of shares in the SME public issue, which is scheduled to be listed on the NSE.
The company plans to distribute a minimum of 35% of the 31.15 lakh shares to retail buyers, a maximum of 50% of the net issue to QIBs, and a minimum of 15% to NIIs.
On May 3, Winsol Engineers distributed 8.83 lakh shares to anchor investors, raising ₹6.62 crore. Additionally, the business reserved 1.58 lakh shares for Spread X Securities, a market maker.
The IPO’s book-running lead manager has been named as Beeline Capital Advisors Pvt Ltd. Registering the issue is Kfin Technologies Limited.
Prices for Winsol Engineers IPO
The minimum lot size for an application is 1,600 shares, and the price range for Winsol Engineers’ initial public offering (IPO) is set at ₹71 to ₹75 per share. A retail investor can apply for one batch of shares at this price range with a minimum investment of ₹1,20,000. The minimum lot size for investments made by high-net-worth persons is two lots, or 3,200 shares, which is ₹2,40,000.
Dates of Winsol Engineers IPO allocation and listing
On Friday, May 10, the Winsol Engineers IPO allotment status is anticipated to be resolved. On Monday, May 13, non-allottees of shares are probably going to get their money back. On the same day, shares will be deposited into the Demat accounts of the successful candidates.
On Tuesday, May 14, Winsol Engineers IPO shares are probably going to be listed on the NSE SME platform, Emerge.
IPO promoters for Winsol Engineers
The promoters of Winsol Engineers are Ramesh Jivabhai Pindariya, Amri Pindariya, Pindariya Kashmira, Kashish Pindariya, and Kishor Jivabhai Pindariya. Currently, they own 100% of the company, but after the public offering, their share will be reduced to 72.99%.
Concerning Winsol Engineers Ltd.
Provider of integrated engineering, procurement, construction (EPC) and commissioning services for Balance of Plant (BoP) solutions to solar and wind power generation industries, Winsol Engineers Ltd was founded in December 2015.
Right-of-way services, substation civil and electrical work, and foundation construction are its main services for BoP Solutions.
More than 200 engineers and technicians at Winsol Engineers Ltd., a company accredited by ISO-9001-2015, ISO-14001-2015, and ISO-45001-2018, are employed on more than 41 significant active projects.
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