There is another opportunity to invest money in IPO from today. The IPO of Winsall Engineers Limited has opened for subscription on 6 May 2024. You can invest money in it till May 9, 2024. Winsoul Engineers Limited IPO opens today a brand new issue of 31.15 lakh shares of face value Rs 10 each. EPC firm Winsol Engineers, which provides services for BOP solutions in wind and solar energy sectors, is planning to raise Rs 23.36 crore through an IPO, PTI reported.
Know price band and lot size
According to the news, the price range of Winsol Engineers IPO is Rs 71 to Rs 75 per share. Investors can apply for at least a minimum lot size of 1,600 shares. At this price band, a retail investor would need a minimum investment amount of Rs 1,20,000 to apply for one lot of shares. For high net worth individuals, the minimum lot size for investment is 2 lots or 3,200 shares, amounting to Rs 2,40,000.
IPO allotment and listing date
Winsall Engineers IPO allotment status is expected to be finalized on Friday, May 10. Non-allottes of shares are likely to get their money back on Monday, May 13. Successful applicants will receive the shares in their demat accounts on the same day. It is expected that this IPO share of the company will be listed on Tuesday, May 14. Winsall Engineers Limited was incorporated at Jamnagar as Winsall Engineers Private Limited, the company was later changed to ‘Winsall Engineers Limited’ on 21 December.
Company’s financial performance
The company has posted total revenue of Rs 2,216.35 lakh in FY21, Rs 6,070.19 lakh in FY22, Rs 6 538.66 lakh in FY23 and Rs 5,195.23 lakh for the period ending December 2023. Similarly, the company has made a net profit of Rs 49.44 lakh in FY21, Rs 108.46 lakh in FY22, Rs 518.07 lakh in FY23 and Rs 677.26 lakh for the period ending December 2023.
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