Shares of Winsol Engineers had a strong debut on the stock market on Tuesday as the company listed at a hefty premium.Winsol Engineers stock price is INR365 pieces for NSE SME at a premium of 386% of the issue price. INR75 shares per share.
Winsol Engineers’ IPO listing profit is INR290 yen per share.If the lot size is his 1,600 shares, the listing profit for this small business IPO is INR4,64,000 more.
Today’s Winsol Engineers IPO GMP, today’s gray market premium is INRIt is listed at $199 per share, representing a premium of approximately 265.33%.
Bidding for the Winsol Engineers IPO began on May 6th and closed on May 9th. The IPO allocation was finalized on May 10th and the Winsol Engineers IPO listing date was fixed on May 14th.
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Winsol Engineers’ IPO price range was set as follows: INRFrom 71 INRThe company raised capital at the high end of its price range at $75 per share. INR233.6 billion yen through the issuance of 31.15 million completely new shares.
The company proposes to use the proceeds from the new issuance for working capital requirements and general corporate purposes.
Winsol Engineers’ IPO was strongly subscribed by a total of 682.14 times. This issue received bids for 141.44 million shares out of 20.73 million shares offered.
This offering was subscribed 780.15 times in the retail category, 207.23 times in the qualified institutional investor (QIB) category, and 1,087.81 times in the non-institutional investor (NII) category.
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Beeline Capital Advisors Pvt Ltd is the lead manager for the Winsol Engineers IPO and Kfin Technologies is the IPO registrar.
Winsol Engineers provides integrated engineering, procurement, construction and commissioning services for Balance of Plant (BoP) solutions for both solar and wind energy companies. BoP Solutions’ core services include foundation works, substation civil and electrical works, and right-of-way services.
As of April 2024, Winsol Engineers has over 41 major ongoing projects, with a total value of approximately INR11.953 billion.
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Published: May 14, 2024, 10:01 AM IST
