Check GMP Today! Winsol Engineers’ IPO Receives Over 260 Times Subscription
Winsol Engineers IPO: Investors have responded overwhelmingly to Winsol Engineers Ltd.’s initial public offering, which is scheduled to conclude on May 9. The Rs 23.36-crore SME IPO garnered an incredible 260.83 times subscription until 10:27 am on the last day of bidding on Thursday, generating offers for 54,08,64,000 shares as opposed to 20,73,600 shares on sale.
A staggering 411.98 times were subscribed to the retail category, while a healthy 234.97 times were subscribed to the non-institutional investor (NII) category. Additionally, the subscription from qualified institutional buyers (QIBs) is substantial, at 16.61 times.
The public might subscribe to the Winsol Engineers IPO starting on May 6. It is anticipated that the share allocation will be finalized on May 10, and the NSE SME listing will occur on May 14.
The initial public offering’s price range was set at Rs 71–Rs 75 per share.
Winsol Engineers: Today’s IPO GMP
Market watchers report that unlisted shares of Winsol Engineers Ltd. are selling on the grey market for Rs 190 more than the company’s issue price. With a gray market premium of Rs 190, or GMP, the public issuance is expected to provide a staggering 253.33% listing gain for the grey market. The GMP is dynamic and dependent on market mood.
The willingness of investors to pay above the issue price is shown by the “grey market premium.”
Concerning Winsol Engineers’ IPO
31.15 lakh shares are being issued fully new in the Winsol Engineers IPO. The price range for each share was fixed at Rs 71 to Rs 75.
The minimum lot size for an application is 1,600 shares for investors. Retail investors are needed to invest a minimum of Rs 1,20,000. For HNIs, the minimum lot size investment is two lots (3,200 shares), or Rs 2,40,000.
The registrant of the Winsol Engineers IPO is Kfin Technologies Limited, while the book-running lead manager is Beeline Capital Advisors Pvt Ltd. Spread X Securities is the market maker for the Winsol Engineers IPO.
In FY23, Winsol Engineers Ltd. had a 7.64% increase in sales and a 377.66% increase in profit after tax (PAT).
For companies that generate solar and wind power, Winsol Engineers Limited offers comprehensive engineering, procurement, building, and commissioning services for Balance of Plant (BoP) solutions. The business was founded in December 2015.
The firm provides right-of-way services, substation civil and electrical work, and foundation work as key services for BoP Solutions.
