Winsol Engineers Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Winsol

CMP

518.40

+86.40 (20.00%)

  • DRHP
₹75

Offer Price

₹ 23.36 Cr

Issue Size

₹ 1,20,000

Min Investment

1,600

Lot size

Time Line

  • 06
    May 2024
    Open
  • 09
    May 2024
    Close
  • 10
    May 2024
    Finalisation of Basis of Allotment
  • 13
    May 2024
    Initiation of Refunds
  • 13
    May 2024
    Transfer of Shares to Demat Account
  • 14
    May 2024
    Listing Date

Objects of the Offer

  • Continue to enhance its project execution capabilities.

  • Leveraging its market skills and relationship.

  • Maintaining edge over competitors.

  • Expand its geographical footprint.

Products & Services

  • Winsol Engineers Limited is an integrated engineering, procurement, construction and commissioning company providing Balance of Plant (BoP) Solutions.

Strengths

  • Experienced Promoters and Management Team.

  • End-to-end execution capabilities.

  • Optimal Utilization of Resources.

  • Long-standing relationships with its customers.

Risks

  • 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.

  • Its failure to perform in accordance with the standards prescribed in work order of the company client could result in loss of business or compensation payment.

  • The company is dependent on its Promoters, its senior management and other key personnel, and the loss of, or its inability to attract or retain, such persons could affect its business, results of operations, financial condition and cash flows.

Company Promoters

Promoters Holding

Issue For IPO
26.98%
Pre Holding

99.90%

Post Holding

72.92%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 60.70 (173.90%) 65.39 (7.70%) 59.28 (-)
Gross Profit 60.70 (173.90%) 65.39 (7.70%) 59.28 (-)
Net Income 60.70 (173.90%) 65.39 (7.70%) 59.28 (-)
Assets 60.70 (173.90%) 65.39 (7.70%) 59.28 (-)
Liabilities 60.70 (173.90%) 65.39 (7.70%) 59.28 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Winsol Engineers Ltd 65.39 5.18 19.38 10.64 59.28 0.00 4,369.45 2.85 0.55
Konstelec Engineers Ltd 153.40 7.78 146.13 146.13 12.56 7.07 619.15 5.32 0.57

Book Running Managers

  • Beeline Capital Advisors Pvt Ltd

Registrar & Transfer Agent

KFin Techologies Ltd

Karvy Selenium Tow-B,
31&32 Financial Dist,
Nanakramguda - Hyderabad-500032
Phone : 91-40-67162222 Fax: 91-40-23001153/23420814

Company Contact Information

Shop # 301 Madhav Commercial -,
Complex Khodiyar Colony,
Jamnagar - 361006
Phone : 0288 2710 708 Email : info@winsol.info www.winsol.info

Offer Related Information

Initial public issue of 3115200 equity shares of face value of Rs. 10/- each of Winsol Engineers Limited ("Winsol", "WEL" or the "Company" or the "Issuer") for cash at a price of Rs. 75/- per equity share including a share premium of Rs. 65/- per equity share (the "Issue Price") aggregating to Rs. 23.36 crores ("The Issue"), of which 158400 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 75/- per equity share including a share premium of Rs. 65/- per equity share... More

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