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Winny Immigration IPO
Winny Immigration & Education Services Ltd
₹1,40,000 /1000 sharesMinimum Investment
Winny Immigration IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 20 Jun ‘24 - 24 Jun ‘24 | ₹1,40,000 | 1,000 | ₹140 - ₹140 |
| Issue Size | IPO Doc |
|---|---|
| 9.13Cr | RHP PDF |
About Winny Immigration
Founded in
2008
Managing director
Mr. Jignesh Patel
Parent organisation
Winny Immigration & Education Services Ltd
Strengths & Financials of Winny Immigration
Strengths
Risks
Winny Immigration uses the "Winny App" as a Customer Relationship Management (CRM) tool to manage its clients.
Winny Immigration offers a complete range of services, from training and consultation to application processing and reaching the final destination, all customised to meet the goals of each client.
Winny Immigration employs experienced and well-trained faculty for English language proficiency training. They use standard materials designed for language tests and also create their own training resources.
Winny Immigration provides advanced classrooms, online lectures, and virtual meetings to resolve doubts and facilitate client interactions. It also uses technology for document submission, verification, and communication.
Winny Immigration's financial performance largely depends on revenue from immigration services, especially for Permanent Residency (PR) applications in Canada. In FY22, 90% of their revenues came from these services, 82% in FY23, and 39% in FY24.
The company’s total income from immigration consultancy services was 41.08% in FY24, 67.63% in FY23, and 88.64% in FY22. Changes in immigration policies, political issues, or job opportunities in the countries they serve could reduce the number of clients seeking immigration visas.
Currently, 8.24% of Winny Immigration's income comes from franchisees. Failure to maintain or increase the number of franchisees could negatively impact the company’s business.
Gujarat accounted for 89.40% of Winny Immigration's total revenue in FY24, 85.08% in FY23, and 85.08% in FY22. Such a high concentration of business from one geographic location could be detrimental to the company in the event of any adverse developments in the region.
The company has availed of secured and unsecured loans worth Rs 2.07 crore. The inability to service these loans could adversely affect the company’s business.
Winny Immigration Financials
*All values are in Rs. Cr
No Graph Data To Display
Application Details of Winny Immigration IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹140 - 140 | ₹2 - 5 Lakh |
| High Networth Individual | ₹140 - 140 | ₹2 - 5 Lakh |
For Winny Immigration IPO, eligible investors can apply as Regular.