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Winsol Engineers Makes A Stellar Market Debut With 386% Premium, Shares Open at ₹365!

Winsol Engineers shares debuted at ₹365 on NSE SME, a 386% increase from the IPO price of ₹75, reflecting robust investor enthusiasm on its first trading day.
Winsol Engineers Makes A Stellar Market Debut With 386% Premium, Shares Open at ₹365!

Winsol Engineers experienced a spectacular market debut, with shares opening at ₹365 each on NSE SME, 386% above the initial offering price of ₹75. This significant premium highlights the strong investor reception on its first trading day.

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Winsol Engineers set its IPO price between ₹71 and ₹75, raising ₹23.36 crore through 31.15 lakh shares. The funds aim for working capital and general corporate uses. The IPO was heavily oversubscribed, attracting bids 682.14 times the shares offered, with exceptional interest across all categories.

Winsol Engineers Limited provides comprehensive engineering, procurement, and construction services, focusing on balance-of-plant solutions for wind and solar projects. They also deliver operation and maintenance services, enhancing turbine efficiency with SCADA monitoring and expert maintenance, aiming for ongoing growth in renewable energy.

Winsol Engineers Limited plans to allocate ₹15 crores from its IPO proceeds to boost net working capital, supplemented by borrowings and accruals. Remaining funds will support general corporate activities such as acquisitions, hiring, and strategic investments. 

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