Winsol Engineers Limited IPO

Incorporated in December 2015,Winsol Engineers Limited is a company that provides integrated engineering, procurement, construction, and commissioning services for Balance of Plant (BoP) Solutions for both solar and wind power generation firms.

The company’s core services for BoP Solutions include foundation work, substation civil and electrical work, and right-of-way services.

The company is ISO-9001-2015, ISO-14001-2015, and ISO-45001-2018 certified, demonstrating its execution capabilities in quality.

The company has more than 200 engineers and technicians on their team for project execution.

As of April 2024, they have more than 41 major ongoing projects with a total value of approximately ₹11,953.31 lakhs. As of March 31, 2024, invoices totalling more than ₹2,115.54 lakhs have been booked, leaving an unexecuted or unbilled order book of ₹9,837.75 lakhs.

As of December 31, 2023, the workforce consists of over 270 employees, including more than 200 engineers and technicians.

 

Winsol Engineers Limited Financial Information (Restated)

Winsol Engineers Limited’s revenue increased by 7.64% and profit after tax (PAT) rose by 377.66% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets3,565.342,856.012,764.801,816.83
Revenue5,202.286,544.536,080.002,224.58
Profit After Tax677.26518.07108.4649.44
Net Worth1,527.15873.89343.93238.55
Reserves and Surplus685.15871.89341.93236.55
Total Borrowing846.761,058.84928.90814.49
Amount in ₹ Lakhs

Objects of the Issue (Winsol Engineers IPO Objectives)

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:

  1. Working Capital Requirements
  2. General Corporate Purposes

Winsol Engineers IPO Timeline (Tentative Schedule)

Winsol Engineers IPO opens on May 6, 2024, and closes on May 9, 2024.

IPO Open DateMonday, May 6, 2024
IPO Close DateThursday, May 9, 2024
Basis of AllotmentFriday, May 10, 2024
Initiation of RefundsMonday, May 13, 2024
Credit of Shares to DematMonday, May 13, 2024
Listing DateTuesday, May 14, 2024
Cut-off time for UPI mandate confirmation5 PM on May 9, 2024

SHARIAH SCREENING for - Winsol Engineers Limited IPO

BUSINESS SCREEN

FINANCIAL RATIOS

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