Winny Immigration and Education Services Ltd IPO Details. which will be open for subscription from June 16, 2024, to June 21, 2024. This IPO is structured as a Book Built Issue, offering 1,800,000 equity shares, each with a face value of ₹10. The price band for the shares is set between ₹50 and ₹55, with a minimum order quantity of 2,000 shares, making it accessible for a broad range of investors. The shares will be listed on the BSE SME platform, providing a new investment opportunity in the growing SME segment.
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Winny Immigration and Education Services Ltd IPO Details
IPO Schedule:
- Opening Date: June 20, 2024
- Closing Date: June 24, 2024
- Listing Date: To be announced
Financials:
- Face Value: Each share is valued at ₹10.
- IPO Price: Shares are priced at ₹140 each.
- Lot Size: Investors need to buy at least 1,000 shares.
Issue Size:
- Total Shares Available: 652,000 shares, aiming to raise about ₹9.13 crore.
- Fresh Issue: All 652,000 shares are fresh issues, meaning the company will receive all the funds raised.
Post-Issue Shareholding:
Listing Platform:
Pre-Issue Shareholding: The company has 1,518,000 shares.
Post-Issue Shareholding: After the IPO, this will increase to 2,170,000 shares.
Market Maker Allocation: 34,000 shares are reserved for the market maker, Aftertrade Broking.
- Exchange: The shares will be listed on the NSE SME platform, which is designed for small and medium-sized enterprises.
Winny Immigration and Education Services Ltd IPO Date
- IPO Open Date: Thursday, June 20, 2024
- IPO Close Date: Monday, June 24, 2024
- Basis of Allotment: Tuesday, June 25, 2024
- Initiation of Refunds: Wednesday, June 26, 2024
- Credit of Shares to Demat: Wednesday, June 26, 2024
- Listing Date: Thursday, June 27, 2024
- Cut-off Time for UPI Mandate Confirmation: 5 PM on June 24, 2024
The IPO of Winny Immigration and Education Services Ltd is set to begin on Thursday, June 20, 2024, and will be open for subscription until Monday, June 24, 2024. Investors will know the basis of their share allotment on Tuesday, June 25, 2024. For those who do not receive an allotment, refunds will be initiated on Wednesday, June 26, 2024. On the same day, the shares will be credited to the Demat accounts of successful applicants. The shares are scheduled to be listed on the stock exchange on Thursday, June 27, 2024. It’s important for investors using UPI to confirm their payment mandate by 5 PM on June 24, 2024. This timeline ensures that all necessary processes are completed promptly, allowing for a smooth transition from subscription to trading.
Winny Immigration and Education Services Ltd IPO Lot size and price
The data provided gives details about the Winny Immigration IPO. Investors can buy a minimum of 1000 shares, which cost ₹140,000. Retail investors can only buy up to this amount, while high net-worth individuals (HNIs) can buy at least 2000 shares for ₹280,000.
Promoters
The promoter of the company, Jignesh Patel, held 83.63% of the shares before the IPO, but this will drop to 58.51% after the IPO. Winny Immigration and Education Services Ltd., founded in 2008, specializes in immigration and education services.
Winny Immigration and Education Services Ltd IPO Finance Statement
| Period Ended | 31 march 2024 | 31 March 2023 | 31 March 2022 |
| Assets | 542.84 | 541.93 | 276.26 |
| Revenue | 1,102.12 | 1,197.91 | 1,004.07 |
| Profit After Tax | 39.27 | 144.71 | 127.63 |
| Net Worth | 230.72 | 191.46 | 46.75 |
| Reserves and Surplus | 78.92 | 188.16 | 43.45 |
| Total Borrowing | 206.84 | 232.02 | 127.91 |