Winsol Engineers IPO Listing
Winsol Engineers IPO Listing: Winsol Engineers' ₹23.36 crore IPO was open for subscription from May 6-9. Today its shares have been listed.
Winsol Engineers IPO Listing: Shares of Winsol Engineers, which provides services to solar and wind power generation companies, had a successful entry on the SME platform of NSE today.
Its IPO received an overwhelming response and was subscribed more than 682 times overall. Under the IPO, shares have been issued at a price of Rs 75.
Today it has been entered on NSE SME at Rs 365, which means IPO investors got a listing gain of 386.67 percent (Winsol Engineers Listing Gain). Purchasing of shares increased further after listing.
It jumped and reached the upper circuit of Rs 383.25 (Winsol Engineers Share Price) and closed at this point, that is, at the end of the first trading day, IPO investors are in 411 percent profit.
Winsol Engineers IPO got strong response
Winsol Engineers' ₹23.36 crore IPO was open for subscription from May 6-9. This IPO received a tremendous response from investors and overall it was subscribed 682.14 times.
In this, the portion reserved for Qualified Institutional Buyers (QIBs) was filled 207.23 times, the share for Non-Institutional Investors (NIIs) was 1,087.81 times and the share for retail investors was 780.15 times.
Under this IPO, 31,15,200 new shares with face value of Rs 10 have been issued. The money raised through these shares will be used to meet working capital requirements and for general corporate purposes.
Winsol Engineers, formed in December 2015, provides services to solar and wind power generation companies.
According to the data till April 2024, it currently has more than 41 big projects worth ₹119.53 crore. Talking about the financial health of the company, it has continuously strengthened.
In the financial year 2021, it had a net profit of Rs 49.44 lakh, which jumped to Rs 1.08 crore in the next financial year 2022 and to Rs 5.18 crore in the financial year 2023.
During this period, the company's revenue increased at a compound growth rate (CAGR) of more than 71 percent annually to Rs 65.45 crore.
Talking about the last financial year 2023-24, in the first 9 months i.e. April-December 2023, it has achieved a net profit of Rs 6.77 crore and a revenue of Rs 52.02 crore.