Winsol Engineers IPO: The initial public offering of Winsol Engineers Ltd is going to be opened for public subscription on May 6. The Rs 23.36-crore SME IPO, the price band of which has been fixed at Rs 71-Rs 75 per share, will be closed on May 9.
Winsol Engineers provides integrated engineering, procurement, construction, and commissioning services for balance of plant (BoP) solutions for both solar and wind power generation firms.
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The Winsol Engineers IPO allotment will be finalised on May 10, while its listing will likely take place on May 14 on the NSE SME.
The IPO is entirely a fresh issue of 31.15 lakh shares. Its price band is set at Rs 71 to Rs 75 per share.
Winsol Engineers IPO: Lot Size
For investors, the minimum lot size for an application is 1,600 shares. The minimum amount of investment required by retail investors is Rs 1,20,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to Rs 2,40,000.
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Winsol Engineers IPO GMP Today
According to market observers, unlisted shares of Winsol Engineers Ltd are trading Rs 95 higher in the grey market as compared with its issue price. The Rs 95 grey market premium or GMP means the grey market is expecting a 126.67 per cent listing gain from the public issue. The GMP is based on market sentiments and keeps changing.
‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Winsol Engineers IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Winsol Engineers IPO is Spread X Securities.
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Winsol Engineers IPO Quota
The IPO is reserved 50 per cent for qualified institutional buyers (QIBs). Retail investors will be able to participate in 35 per cent of the issue, while the remaining 15 per cent is reserved for high networth individuals or non-institutional investors (NIIs).
Refractory Shapes Ltd’s revenue rose 7.64 per cent and its net profit increased 377.66 per cent in the financial year 2022-23.
