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WINSOLSME / NSEListed
Winsol Engineers

Established in December 2015, Winsol Engineers Limited is a distinguished provider of comprehensive engineering, procurement, construction, and commissioning services tailored for Balance of Plant (BoP) Solutions in the renewable energy sector, catering to both solar and wind power generation firms. Specializing in foundational work, substation civil and electrical services, and right-of-way solutions, Winsol Engineers exemplifies excellence through its ISO-9001-2015, ISO-14001-2015, and ISO-45001-2018 certifications, underscoring its commitment to top-notch quality execution. With a robust team exceeding 200 skilled engineers and technicians, the company showcases formidable prowess in project execution. As of April 2024, Winsol Engineers boasts a formidable portfolio of over 41 major ongoing projects valued at approximately 11,953.31 lakhs, with invoiced transactions reaching 2,115.54 lakhs by March 31, 2024, culminating in an impressive unbilled order book of 9,837.75 lakhs. This steadfast growth trajectory coupled with a highly qualified workforce of over 270 employees as of December 31, 2023, solidifies Winsol Engineers Limited as a cornerstone in the renewable energy infrastructure landscape.

₹71 - ₹75682.21x sub
Listed Price₹365.00
Listing Gain+386.67%

IPO Schedule & Timeline

Book Built Issue IPO
Open06 May 2024
Close09 May 2024
Allotment10 May 2024
Listing14 May 2024

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Retail10,35,200 shares
33.23%
Nii (hni)4,44,800 shares
14.28%
Anchor8,83,200 shares
28.35%
QIB5,93,600 shares
19.05%
Market Maker1,58,400 shares
5.08%

Minimum Application Lots

Retail1 Lot (1,600 shares)
₹1,20,000
HNI2 Lots (3,200 shares)
₹2,40,000

Company Promoters

Mr. Ramesh Jivabhai PindariyaMrs. Amri Ramesh PindariyaMs. Pindariya KashmiraMs. Kashish Ramesh PindariyaMr. Kishor Jivabhai Pindariya

Company Background

Established in December 2015, Winsol Engineers Limited is a distinguished provider of comprehensive engineering, procurement, construction, and commissioning services tailored for Balance of Plant (BoP) Solutions in the renewable energy sector, catering to both solar and wind power generation firms. Specializing in foundational work, substation civil and ele...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Dec-23)₹5202.28 Cr
Growth+133.9%
Revenue Trend (₹ in Crores)
0.02.5k5.0k7.5kMar-21Mar-22Mar-23Dec-23
PeriodRev (Cr)PAT (Cr)AssetsDebt
Dec-235,202.28677.263,565.34846.76
Mar-236,544.53518.072,856.011,058.84
Mar-226,080.00108.462,764.80928.90
Mar-212,224.5849.441,816.83814.49

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Dec-238.0456.41%44.18%4.1312.19
Mar-236.1585.08%46.19%00
Mar-221.2937.24%16.14%00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Kfin Technologies Limited

Allotment Finalized
Allotment Date
10 May 2024
Official Status
Out / Finalized
Registrar
Kfin Technologies Limited
Listing Date
14 May 2024

Official Allotment Verification Links

Official Registrar Portal
Kfin Technologies Limited

Direct allotment verification on the official registrar portal appointed for Winsol Engineers. Check with PAN or Application No.

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Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization10 May 2024Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date14 May 2024Trading commences on exchange

How to Check Winsol Engineers Allotment Online

1Open Portal

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2Select Company

Select Winsol Engineers from the issue drop-down list.

3Enter Details

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4View Allocation

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Prospectus & Official Filings

Official FilingDRHP
Filing UnavailableANCHOR
N/A

Allotment FAQs & Help

About Winsol Engineers IPO

Complete issue overview for Winsol Engineers (WINSOL) IPO. The issue features an equity share price band of ₹71 – ₹75 per share with a minimum retail lot size of 1600 Shares (minimum application amount of ₹1,20,000). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions