Winny Immigration IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Winny Immigratio

CMP

276.00

+4.70 (1.73%)

  • DRHP
₹140

Offer Price

₹ 9.13 Cr

Issue Size

₹ 1,40,000

Min Investment

1,000

Lot size

Time Line

  • 20
    Jun 2024
    Open
  • 24
    Jun 2024
    Close
  • 25
    Jun 2024
    Finalisation of Basis of Allotment
  • 26
    Jun 2024
    Initiation of Refunds
  • 26
    Jun 2024
    Transfer of Shares to Demat Account
  • 27
    Jun 2024
    Listing Date

Objects of the Offer

  • Increase in Technology Integration to the Business.

  • Strategic Partnerships to offer more services.

  • More market penetration by increasing branch offices and franchisees.

Products & Services

  • The Company is mainly in the visa consultancy business.

Strengths

  • Experienced and Knowledgeable Staff.

  • Customization Expertise.

  • Technology Integration.

  • Range of services under one Roof.

  • Clear and Transparent Terms.

Risks

  • 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.

  • One of the Object of the issue is to raise the funds of  287.81 lakhs for development of software for the use of Company.

  • The promoter of the company has made delayed payment of the credit card and property loan.

Company Promoters

Promoters Holding

Issue For IPO
25.03%
Pre Holding

83.33%

Post Holding

58.30%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2024 3-Yr trend
Revenue 9.99 (24.60%) 11.77 (17.80%) 10.81 (-8.20%)
Gross Profit 1.84 (30.50%) 2.30 (25.00%) 0.85 (-63.00%)
Net Income 1.28 (58.00%) 1.45 (13.30%) 0.39 (-73.10%)
Assets 1.92 (25.50%) 4.45 (131.80%) 4.53 (1.80%)
Liabilities 1.46 (-37.60%) 2.54 (74.00%) 2.22 (-12.60%)

Book Running Managers

  • Interactive Financial Services Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

103-104 ATP Arcade Nr National,
Handloom House Law Garden,
Ahmedabad - 380006
Phone : 079 6190 6190 Email : compliance@winnyimmigration.com www.winnyimmigration.com

Offer Related Information

Initial public issue of 6,52,000 equity shares of face value of Rs. 10/- each of Winny Immigration & Education Services Limited ("Winny" or the "Company" or the "Issuer") for cash at a price of Rs. 140 per equity share including a share premium of Rs. 130 per equity share (the "Issue Price") aggregating to Rs. 9.13 crores ("The Issue"), of which 34,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 140 per equity share including a share premium of Rs. 130 per equity... More

Winny Immigratio FAQ's

The shares of Winny Immigratio were first listed on the stock exchanges on June 26, 2024.

The total issue size of the Winny Immigratio IPO was 1,10,00,000 shares, amounting to Rs. 132 crore. they

The minimum lot size for Winny Immigratio public issue was 125 shares.

The price band of the IPO of Winny Immigratio was Rs. 114 to Rs. 120 per equity share.

Winny Immigratio IPO is a public issue through which the company raised approximately Rs. 132 crore by issuing around 1.1 crore equity shares to the public. After a successful IPO, the company’s shares are currently listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), where they are freely traded without restrictions.

Bigshare Services Private Limited is the registrar and share transfer agent of Winny Immigratio IPO.

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