Winsol IPO

Winsol Engineers Ltd

₹1,13,600 /1600 sharesMinimum Investment

Winsol IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹75.00₹365.00₹290.00 (386.67%)

Winsol IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
6 May ‘24 - 9 May ‘24₹1,13,6001,600₹71 - ₹75
Issue SizeIPO Doc
23.36Cr
RHP PDF

About the company

Winson Engineers Limited is an integrated engineering, procurement, construction and commissioning company providing Balance of Plant (BoP) Solutions for wind and solar power generation companies. The company’s core services for BoP Solutions include foundation work, substation civil and electrical work, right of way services, cabling to substation and grid, and miscellaneous work. It also provides operations and maintenance services for plant handling and monitoring The company has been executing projects on Turnkey basis for clients, such as Suzlon, Adani Green Energy, Powerica Limited and KP Energy Limited. The company has a wholly-owned subsidiary named Repower Infrastructure Private Limited, which operates in the same field as Winsol Engineers. Winsol acquired 100% stake of Repower Infrastructure on February 10, 2024 making it our wholly-owned subsidiary.;
Founded in
2015
Managing director
Mr. Ramesh Jivabhai Pindariya
Parent organisation
Winsol Engineers Ltd

Strength and risks

Strengths
Risks
As per the company, it has completed over 55 projects, with a cumulative value exceeding Rs. 170 cr. As of the date of the RHP, the company is managing over 41 major ongoing projects with a total value of approximately Rs. 119.5 cr.
The company possesses ISO-9001-2015, ISO-14001-2015, and ISO-45001-2018 certifications.
As per the RHP, the company’s execution capabilities in the areas of design, engineering, procurement, construction and quality assurance, has contributed well to its growth. The company’s management ensures efficient and rapid construction and completion of projects, the RHP added.
The company reported revenue from operations of Rs. 22.16 cr, Rs. 60.70 cr and Rs. 65.39 cr in FY 2021, 2022 and 2023 respectively. This positive growth trajectory is also seen in its Profit after tax which was Rs. 0.49 cr, Rs. 1.08 cr and Rs. 5.18 cr in FY 2021, 2022 and 2023 respectively.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular71 - 75₹2 Lakh
High Networth Individual71 - 75₹2 - 5 Lakh
For Winsol IPO, eligible investors can apply as Regular.
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