Winsol Engineers IPO: BIG Jump In GMP! Last Day To Apply; Check Latest GMP, Subscription Status, Allotment Date, And Other Details

Winsol Engineers IPO GMP: The Initial Public Offering (IPO) of Winsol Engineers is scheduled to close its IPO subscription window on May 09 for interested investors today is the last day to apply. The IPO has received an overwhelming response from the investor community. Check the latest GMP, subscription status, allotment date and other details here.

Winsol Engineers IPO GMP Today: Check Latest GMP

According to various unlisted market tracking websites. The grey market premium (GMP) of Winsol Engineers has seen a big jump from day 1 of the IPO window opening from Rs 100 per share to currently, the Winsol Engineers IPO GMP price ranges from Rs 170 to Rs 190 per share.

Winsol Engineers IPO Subscription Status

The subscription figures for the Winsol Engineers IPO demonstrate a substantial investor interest. The subscription rate stands at an impressive till May 8, 2024 (Day 3), with the IPO oversubscribed by 235.09 times overall. In specific categories, the public issue garnered subscriptions of 374.20 times in the retail category, 16.56 times in QIB, and 202.97 times in the NII category.

Winsol Engineers IPO Issue Details

The Winsol Engineers IPO is a book-built issue valued at Rs 23.36 crores, consisting entirely of fresh shares totaling 31.15 lakh shares.

Winsol Engineers Subscription Timeline

Investors can subscribe to the Winsol Engineers IPO starting from May 6, 2024, with the subscription window closing on May 9, 2024.

Winsol Engineers IPO Allotment Date

The allotment of shares is slated to be finalized by Friday, May 10, 2024.

Winsol Engineers IPO Listing

Winsol Engineers is poised to list on the NSE SME platform. The tentative listing date has been scheduled for Tuesday, May 14, 2024.

Winsol Engineers IPO Price Band

The price band for the Winsol Engineers IPO ranges from Rs 71 to Rs 75 per share.

Winsol Engineers IPO Lot Size And Minimum Investment

Prospective investors are required to apply for a minimum of 1600 shares, with the minimum investment amounting to Rs 120,000 for retail investors. High Net Worth Individuals (HNIs) have the option to apply for a minimum of 2 lots (3,200 shares), totalling Rs 240,000.

Winsol Engineers IPO Registrar And Book Running Lead Manager

Beeline Capital Advisors Pvt Ltd has been appointed as the book-running lead manager for the Winsol Engineers IPO, overseeing the offering process. Additionally, Kfin Technologies Limited has been designated as the registrar for the issue. Spread X Securities will serve as the market maker for the Winsol Engineers IPO, facilitating trading activities.

About Winsol Engineers

Winsol Engineers Limited, established in December 2015, specializes in offering comprehensive engineering, procurement, construction, and commissioning services tailored for Balance of Plant (BoP) Solutions in the solar and wind power generation sectors. At the heart of its offerings for BoP Solutions lie foundational work, substation civil and electrical work, and right-of-way services. The company boasts ISO-9001-2015, ISO-14001-2015, and ISO-45001-2018 certifications, underscoring its commitment to delivering high-quality services. With a dedicated team comprising over 200 engineers and technicians, Winsol Engineers is well-equipped to handle project execution efficiently. As of April 2024, the company is actively engaged in more than 41 major ongoing projects, valued at approximately Rs 11,953.31 lakhs. Notably, as of March 31, 2024, it has invoiced a total of over Rs 2,115.54 lakhs, with an outstanding order book worth Rs 9,837.75 lakhs. Furthermore, as of December 31, 2023, Winsol Engineers boasts a workforce exceeding 270 employees, including a skilled team of over 200 engineers and technicians.