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Winny Immigration IPO
Winny Immigration & Education Services Ltd
₹1,40,000 /1000 sharesMinimum investment
IPO details
Minimum investment
₹1,40,000
Price range
₹140 - ₹140
Lot size
1,000
Issue size
9.13 Cr
Face value
10
IPO document
Subscription rate
Data will be available soon
Schedule
20 Jun 2024
IPO open date
24 Jun 2024
IPO close date
25 Jun 2024
Allotment date
25 Jun 2024
Funds unblock or debit
27 Jun 2024
Tentative listing date
About
Founded in
2008
MD/CEO
Mr. Jignesh Patel
Parent organisation
Winny Immigration & Education Services Ltd
Winny Immigration Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
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.
Application details
For Winny Immigration IPO, eligible investors can apply as Regular.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Regular | ₹140 - ₹140 | ₹2 - ₹5 Lakhs | 1000 |
| High Networth Individual | ₹140 - ₹140 | ₹2 - ₹5 Lakhs | 1000 |