Winsol Engineers Limited consists of a fresh issue of 31,15,200 lakh shares worth INR 23.36 crores. The company aims to meet working capital requirements and general corporate purposes.
Winsol Engineers Ltd IPO – Important Dates
| Winsol Engineers IPO Date | May 6, 2024 to May 9, 2024 |
| Winsol Engineers IPO Listing Date | May 14, 2024 |
| Winsol Engineers IPO Price | INR 71-75 per share |
| Winsol Engineers IPO Lot Size | 1600 shares |
| Winsol Engineers IPO Total Issue Size | INR 23.36 crores |
| Winsol Engineers IPO Basis of Allotment | May 10, 2024 |
| Winsol Engineers IPO Initiation of Refunds | May 13, 2024 |
| Winsol Engineers IPO Credit of Shares to Demat | May 13, 2024 |
| Winsol Engineers IPO Issue Type | Book Built Issue IPO |
| Winsol Engineers IPO Listing At | NSE SME |
Winsol Engineers Limited IPO – Company Profile
Winsol Engineers Limited specializes in integrated engineering, procurement, and construction solutions for renewable energy companies, offering BoP services, including foundation work, substation construction, cabling, and O&M services, known for expertise, timely completion, and cost efficiency.
They specialize in delivering balance-of-plant solutions for Wind and Solar projects, encompassing the design, procurement, installation, and commissioning of all necessary components for plant operation except the main generating equipment.
They offer comprehensive Operation & Maintenance services, optimizing turbine performance with SCADA monitoring, inspections, scheduled maintenance, and workforce supply. With demonstrated expertise, they aim for continued expansion and growth in the sector.
Winsol Engineers Limited IPO Review
Winsol Engineers Technologies’ financial analysis reveals a mixed performance. Revenue initially increased but fell short later. Profitability and equity improved, with PAT rising significantly. However, RoNW declined, signaling varying aspects of the company’s financial health.
- Revenue Trend: The revenue increased from ₹6,070.19 lakhs in March 2022 to ₹6,538.66 lakhs in March 2023. The revenue for the current year’s 9-month period ending December 2023 is INR 5,195.23 lakhs, falling short of last year’s benchmark.
- Equity and Liabilities: Equity has shown a consistent increase over the periods, reflecting potential growth and expansion.
- Profitability: The profit after tax (PAT) has significantly increased from ₹108.46 lakhs in March 2022 to ₹677.26 lakhs by December 2023. This improvement in profitability could be a source of confidence for investors.
- Earnings per Share (EPS): Diluted EPS rose from ₹1.29 in March 2022 to ₹8.04 by December 2023, reflecting higher earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has grown from 31.54% to 44.35%, indicating an increase in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth.
Winsol Engineers Ltd IPO Fundamental Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 December 2023 |
| Revenue (₹ in lakhs) | 6,070.19 | 6,538.66 | 5,195.23 |
| Equity (₹ in lakhs) | 343.93 | 873.89 | 1,527.15 |
| Expenses (₹ in lakhs) | 5,931.44 | 5,853.25 | 4,297.24 |
| Profit and Loss After Tax (₹ in lakhs) | 108.46 | 518.07 | 677.26 |
| Diluted EPS only (₹) | 1.29 | 6.15 | 8.04 |
| Return on Net Worth (%) | 31.54 | 59.28 | 44.35 |
| NAV per Equity Share (₹) | 4.08 | 10.38 | 18.14 |
| Total Assets (in lakhs) | 2,764.80 | 2,856.01 | 3,565.34 |
| Total Liabilities (in lakhs) | 2,420.87 | 2,482.13 | 2,038.19 |
Winsol Engineers Ltd IPO Peer Comparison
Winsol Engineers Limited showed consistent performance, while Konstelec Engineers Limited exhibited fluctuating results, including varied RoNW and PAT figures.
| Company | Revenuefromoperations(₹ in lakhs) | Face Value (₹) | P/E (₹) | EPS (Basic & Diluted) (₹) | RoNW (%) | NAV per Equity Share (Basic) (₹) |
| Winsol Engineers Limited | 6,538.66 | 10 | – | 6.15 | 59.28 | 10.38 |
| Konstelec Engineers Limited | 15,031.46 | 10 | NA | 6.53 | 11.58 | 56.40 |
| Konstelec Engineers Limited | 15,031.46 | 10 | 38.67 | 6.53 | 11.58 | 56.40 |
Winsol Engineers Limited IPO Objective
The main objective of Winsol Engineers Limited is to meet working capital requirements.
- Working Capital Requirements: The company intends to utilize INR 15 crores from the Net Proceeds of the Issue to meet part of the increasing Net Working Capital requirements, with the balance sourced from borrowings and internal accruals.
- General Corporate Purposes: The company will balance funds towards general corporate goals, including acquiring land/property, hiring human resources, forming strategic alliances, funding growth opportunities, servicing obligations, capital expenditure, working capital, and strategic initiatives.
Winsol Engineers Ltd IPO Risks And Challenges
Winsol Engineers Limited’s risk includes potential litigation provisions, settlement uncertainties, and exposure to complaints, legal actions, employee grievances, compliance costs, service disruptions, and revenue dependence on Engineering & Consulting Work.
- The company discloses potential provisions for litigation outcomes and acknowledges uncertainty regarding favorable settlements. It faces risks from complaints, legal actions, and employee grievances, which could lead to regulatory scrutiny or liabilities.
- Due to client-prescribed rules, the company faces increased compliance costs. Service disruptions beyond control could harm client contracts, leading to terminations or compensation payments, which would impact financial performance and growth prospects.
- The majority of revenue comes from Engineering and Consulting Work. Reduced demand may harm business, operations, and financial conditions. Dependency on service demand highlights vulnerability to market fluctuations.
Winsol Engineers Limited IPO – Industry & Market Potential
India aims for 50% electricity from renewables by 2030 and net zero emissions by 2070. It has 125.15 GW renewable capacity in FY23, with a CAGR of 15.4% from FY16 to FY23. New capacity additions could double by 2026.
India aims for carbon intensity reduction, 50% renewable power by 2030, and net-zero emissions by 2070. Green hydrogen and renewable targets drive energy transformation, with renewables projected to generate 49% of electricity by 2040.
India’s energy sector demonstrates global leadership with substantial investments in clean energy. Notable investments and projects signify a transition towards renewables. The country aims to boost electricity generation and achieve significant renewable energy capacity by 2030.
Winsol Engineers Ltd IPO – Type of Offer
Winsol Engineers Limited consists of a fresh issue of 31,15,200 lakh shares worth INR 23.36 crores. The company aims to meet working capital requirements and general corporate purposes.
Winsol Engineers Ltd IPO Offer Size
The offer size of Winsol Engineers Limited is INR 23.36 crores, consisting of a fresh issue of 31,15,200 lakh shares. The company seeks funds to meet working capital requirements and general corporate purposes.
Winsol Engineers Ltd IPO Allotment Structure
Winsol Engineers allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 35% for Non-Institutional Investors (NII), and 15% for Retail Individual Investors (RII) according to SEBI regulations.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 35% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 15% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
How to apply for a Storage and Technologies & Automation Ltd IPO?
To apply for the Winsol Engineers 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 Winsol Engineers 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 Winsol Engineers 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 Winsol Engineers’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 Winsol Engineers 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 Winsol Engineers 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 Winsol Engineers IPO:
● Registrar’s Website: Visit the website of KFin Technologies Limited, the registrar of the Winsol Engineers 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 Enterprise (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.
Winsol Engineers Ltd IPO Offer Registrar
The registrar for the Winsol Engineers IPO is KFin Technologies Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
KFin Technologies Limited
Selenium Tower-B, Plot 31 & 32,
Gachibowli, Financial District,
Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana.
Email Id: [email protected]
Website: www.kfintech.com
Winsol Engineers IPO – FAQs
The allotment date of the Winsol Engineers IPO is May 10, 2024.
The price band of the issue is INR 71-75 per share.
The offer size of Winsol Engineers Limited is INR 23.36 crores, consisting of a fresh issue of 31,15,200 lakh shares. The company seeks funds to meet working capital requirements and general corporate purposes.
The listing date of Winsol Engineers IPO is May 14, 2024.
