Winsol Engineers Limited

Company Profile
Company Name Winsol Engineers Limited
Open Date 06-05-2024
Close Date 09-05-2024
Exchange NSE SME
Lot Size 1600 Shares
Issue Price ₹71 to ₹75 per share
Issue Size 31,15,200 shares
Application Amount ₹1,20,000
Recommendation Apply
Incorporated in 2015, Winsol Engineers Limited has its registered office in Jamnagar, Gujrat, India. It is an integrated engineering, procurement, construction, and commissioning company providing Balance of Plant (BoP) Solutions for both Wind and Solar power generation companies. As of April 2024, they have more than 41 major ongoing projects with a total value of approximately ₹11,953.31 lakhs. The company has served clients like Suzlon, Adani Green Energy, Powerica Limited and KP Energy Limited. As of December 31, 2023, the company has over 270 employees on its payroll.
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Financial Summary in Lakhs

For the Period Ended Mar-21 Mar-22 Mar-23 Dec-23
Total Assets 1,816.83 2,764.80 2,856.02 3,565.34
Net Assets 575.05 601.77 1,182.49 1734.45
Total Borrowing 814.49 928.90 1,058.83 846.76
Total Revenue 2,224.58 6,080.00 6,544.52 5202.29
Profit After Tax 49.44 108.46 518.06 677.26

Tentative Timeline

Opening Date 06-05-2024
Closing Date 09-05-2024
Basis of Allotment 10-05-2024
Initiation of Refunds 13-05-2024
Credit of Shares to Demat 13-05-2024
Listing Date 14-05-2024

Objects of the Issue

Funding Working capital requirements in the Company.
General corporate purposes.

Contact Information

Registered Office Winsol Engineers Limited Shop No. 301, Madhav Commercial Complex, Near Crystal Mall Khodiyar Colony, Jamnagar- 361006
Phone 0288-271070

Registrar Details

Name Kfin Technologies Limited
Phone 04067162222, 04079611000

IPO Reservation

QIB Shares Offered Not more than 50% of the Net Issue
Retail Shares Offered Not less than 35% of the Net Issue
NII (HNI) Shares Offered Not less than 15% of the Net Issue

Shareholding Pattern

Share Holding Pre Issue (Promoters) 100.00%
Share Holding Post Issue (Promoters) 45.99%

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