Winny Immigration and Education Services Limited is coming up with an IPO consisting of a fresh issue of 6,52,000 shares worth INR 9.13 crores. The company aims to expand in India, develop software, repay debt, brand, advertise, and pursue general corporate objectives.
Winny Immigration IPO – Important Dates
| Winny Immigration & Education Services Limited IPO Date | June 20, 2024 to June 24, 2024 |
| Winny Immigration & Education Services Limited IPO Listing Date | June 27, 2024 |
| Winny Immigration & Education Services Limited IPO Price | INR 140 per share |
| Winny Immigration & Education Services Limited IPO Lot Size | 1000 shares |
| Winny Immigration & Education Services Limited IPO Total Issue Size | INR 9.13 crores |
| Winny Immigration & Education Services Limited IPO Basis of Allotment | June 25, 2024 |
| Winny Immigration & Education Services Limited IPO Initiation of Refunds | June 26, 2024 |
| Winny Immigration & Education Services Limited IPO Credit of Shares to Demat | June 26, 2024 |
| Winny Immigration & Education Services Limited IPO Issue Type | Fixed Price Issue IPO |
| Winny Immigration & Education Services Limited IPO Listing At | NSE SME |
Winny Immigration and Education Services Ltd IPO – Company Profile
Winny Immigration and Education Services Limited facilitates global mobility by providing visa consultancy, immigration assistance, and documentation services. With its experienced team and extensive network, it successfully guides clients through complex processes.
With a focus on streamlining visa applications, the company offers services including language proficiency training, temporary residence visa consulting, and permanent residency visa processing to assist clients in effectively navigating immigration procedures.
Their seasoned team provides end-to-end services for clients migrating to the USA, Canada, Australia, New Zealand, the UK, and Europe, ensuring transparency and assistance from English proficiency coaching to post-landing support, including temporary accommodation arrangements.
Winny Immigration and Education Services Limited IPO Fundamental Analysis
Winny Immigration & Education Services Limited Technologies’ financial analysis reveals a mixed performance. Revenue increased initially but declined in March 2024. Equity grew steadily, reducing debt reliance. Profitability decreased, raising investor concern. EPS and RoNW declined, reflecting lower earnings and returns.
- Revenue Trend: The revenue increased from ₹998.81 lakhs in March 2022 to ₹1,177.38 lakhs in March 2023. The revenue for the current year’s 12-month period ending March 2024 is INR 1,080.69 lakhs.
- Equity and Liabilities: Equity has shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has decreased, indicating reduced reliance on debt financing.
- Profitability: The profit after tax (PAT) has decreased from ₹127.63 lakhs in March 2022 to ₹39.27 lakhs by March 2024. The decline in profitability might be a source of concern among investors.
- Earnings per Share (EPS): The diluted EPS has reduced from ₹8.41 in March 2022 to ₹2.59 by March 2024, reflecting lower earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has reduced from 273.00% to 17.02%, indicating a decrease in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has increased, indicating strengthening liquidity and potential challenges in meeting short-term obligations.
Winny Immigration IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 March 2024 |
| Revenue (₹ in lakhs) | 998.81 | 1,177.38 | 1,080.69 |
| Equity (₹ in lakhs) | 46.75 | 191.46 | 230.72 |
| Expenses (₹ in lakhs) | 832.96 | 1,004.40 | 1049.61 |
| Profit and Loss After Tax (₹ in lakhs) | 127.63 | 144.71 | 39.27 |
| Diluted EPS only (₹) | 8.41 | 9.53 | 2.59 |
| Return on Net Worth (%) | 273.00 | 75.58 | 17.02 |
| NAV per Equity Share (₹) | 141.67 | 580.17 | 15.20 |
| Total Assets (in lakhs) | 276.26 | 541.93 | 542.84 |
| Total Liabilities (in lakhs) | 229.51 | 350.47 | 312.12 |
| Debt Equity Ratio | 2.74 | 1.21 | 0.90 |
| Current Ratio (in times) | 0.87 | 1.34 | 1.51 |
Winny Immigration and Education Services Ltd IPO Peer Comparison
Winny Immigration and Education Services Limited has no peer group company for comparison with Industry Peers.
Winny Immigration IPO Objective
The main objective of Winny Immigration and Education Services Limited is to expand offices, develop software, repay debt, and enhance branding through advertising.
- Opening Of New Offices in India: The company intends to utilize INR 0.97 crores over two years to establish branches using a light asset model, primarily renting premises, aligning with its expansion horizon and cost-efficient strategy.
- Software Development: The company plans to utilize INR 1.72 crores for FY 2024-25 and INR 1.16 crores for FY 2025-26 to develop in-house software, including CRM and workflow system for employees and a customer portal for real-time tracking and communication.
- Repayment of Loan: As of January 31, 2024, the company’s total outstanding loan amounts to INR 2.07 crores. This includes car loans from HDFC Bank Limited and Daimler Financial Services India Private Limited, as well as corporate lending and overdrafts from Kotak Mahindra Bank Limited.
- Advertising and Business Promotion: The company, operating under the brand name “Winny,” recognizes the pivotal role of brand visibility in revenue growth and network expansion. Allocating INR 1 crore, it plans extensive advertising across various media channels for client acquisition and brand promotion.
- General Corporate Purposes: The company will deploy the balance fund of INR 1.99 crores to general corporate goals, including financing working capital requirements, capital expenditure, acquiring business premises, meeting difficulties, and other purposes as deemed necessary.
Winny Immigration IPO Risks And Challenges
Winny Immigration and Education Services Limited’s risks include uncertainties over lease renewals and software development failure, which could potentially disrupt operations, cause client loss, and impact profitability and brand image.
- The company has leased premises from the promoter’s relatives for three years. Uncertainty over renewal could disrupt operations, lead to client loss, business interruption, and time overruns, and impact profitability and brand image.
- Branch offices in Vadodara, Mumbai, Pune, New Delhi, Rajkot, Anand, and Surat are rented with Leave and License agreements. Uncertain renewals could disrupt operations, lead to client loss, business interruption, time overruns, and harm brand image.
- The company aims to raise INR 2.88 crores to develop an in-house CRM, workflow system, and customer portal. If software development fails, it could lead to financial loss, affecting the company’s profitability and financial position.
Winny Immigration and Education Services Limited IPO – Industry & Market Potential
India’s Ministry of External Affairs prioritizes easing passport issuance and consular services for citizens domestically and abroad. Reforms include increased application centers, simplified paperwork, faster processing, and efficient delivery, notably aiding Indians during crises like the COVID-19 pandemic.
The India Centre for Migration (ICM), established by the Ministry of External Affairs, conducts research and pilot projects on international migration, collaborates with stakeholders, and trains migrant workers for safe overseas employment. It aims to inform policy and foster strategic interventions.
Embarking on a multifaceted approach, the Ministry of External Affairs orchestrates strategies to bridge labor supply gaps in overseas markets, promoting skill development, pre-departure orientation, and welfare support for Indian workers venturing abroad.
Winny Immigration and Education Services Ltd IPO – Type of Offer
Winny Immigration and Education Services Limited is coming up with an IPO consisting of a fresh issue of 6,52,000 shares worth INR 9.13 crores. The company aims to expand in India, develop software, repay debt, brand, advertise, and pursue general corporate objectives.
Winny Immigration IPO Offer Size
The offer size of Winny Immigration and Education Services Limited is INR 9.13 crores, consisting of a fresh issue of 6,52,000 shares. The company seeks funds to expand in India, develop software, repay debt, brand, advertise, and pursue general corporate objectives.
Winny Immigration and Education Services Ltd IPO Allotment Structure
Winny Immigration & Education Services Limited’s Limited’s IPO allotment structure includes a category for Retail Individual Investors (RII) with investments below ₹2 lakhs, a category for other investors exceeding ₹2 lakhs, and a reservation of 34,000 shares for Market Makers.
- Retail Individual Investors (RII): These individual investors apply for shares with a total value of less than Rs.2 lakhs.
- Other than retail individual investors: Such applications where the value exceeds INR 2 lakhs.
- Market Makers Reservation: A certain percentage or number of shares is reserved for market makers. The company has set aside 34,000 shares for this purpose.
How to apply for a Winny Immigration & Education Services Limited IPO?
To apply for the Winny Immigration & Education Services Limited IPO through Alice Blue, you would typically follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Winny Immigration & Education Services Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Winny Immigration & Education Services Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Winny Immigration & Education Services Limited’s IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Winny Immigration & Education Services Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Winny Immigration & Education Services Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, it’s recommended that you contact Alice Blue’s customer support for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Winny Immigration & Education Services Limited IPO:
● Registrar’s Website: Visit the website of Bigshare Services Private Limited, the registrar of the Winny Immigration & Education Services Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Winny Immigration & Education Services Limited Ltd IPO Offer Registrar
The registrar for the Winny Immigration & Education Services Limited IPO is Bigshare Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
BIGSHARE SERVICES PRIVATE LIMITED
Address: Office No. S6-2, 6th Floor,
Pinnacle Business Park, Next to Ahura Centre,
Mahakali Caves Road, Andheri (East),
Mumbai – 400093
Tel No.: +91 22-62638200
E-Mail: [email protected]
Website: www.bigshareonline.com
Winny Immigration & Education Services Limited Limited IPO – FAQs
The allotment date of the Winny Immigration & Education Services Limited IPO is June 25, 2024.
The price band of the issue is INR 140 per share.
The offer size of Winny Immigration and Education Services Limited is INR 9.13 crores, consisting of a fresh issue of 6,52,000 shares. The company seeks funds to expand in India, develop software, repay debt, brand, advertise, and pursue general corporate objectives.
The listing date of Winny Immigration & Education Services Limited’s IPO is June 27, 2024.
