On May 6, Winsol Engineers’ IPO will open. Check the price, lot size, quota, and GMP

Winsol Engineers IPO: On May 6, the public will be able to subscribe for Winsol Engineers Ltd.’s first public offering. The Rs 23.36-crore SME initial public offering (IPO), with a set price range of Rs 71-Rs 75 per share, is scheduled to conclude on May 9.

For balance of plant (BoP) solutions, Winsol Engineers offers complete engineering, procurement, construction, and commissioning services to solar and wind power producing companies.

Finalization of the Winsol Engineers IPO allocation is scheduled for May 10, and the company’s listing on the NSE SME is anticipated to occur on May 14.

The full 31.15 lakh shares are being issued fresh for the IPO. The price range for each share is fixed at Rs 71 to Rs 75.

Lot Size for Winsol Engineers’ IPO

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.

Winsol Engineers: Today’s IPO GMP

Market watchers report that unlisted shares of Winsol Engineers Ltd. are selling on the grey market for Rs 95 more than the company’s issue price. With a gray market premium of Rs 95, or GMP, the public offering is expected to provide a listing gain of 126.67% 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.”

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.

Quota for Winsol Engineers’ IPO

50% of the IPO is exclusive to accredited institutional buyers (QIBs). A portion of the issue—35 percent—will be open to retail investors, with the remaining 15 percent designated for high-net-worth individuals or non-institutional investors (NIIs).

During the fiscal year 2022-2023, Refractory Shapes Ltd. had a 7.64 percent growth in sales and a 377.66 percent increase in net profit.