Blockbuster debut! Winsol Engineers shares list at 387% premium over issue price
shares of Winsol Engineers debuted on the NSE SME platform with a premium of 387% on Tuesday. The stock was listed at Rs 365 as against an issue price of Rs 75.
Ahead of the debut, the company's shares traded with a premium of Rs 200 in the unlisted market.
The IPO, which was completely a fresh equity issue of 31.15 lakh shares, received a bumper subscription of over 600 times at close.
The net proceeds from the public offer will be used for setting up working capital requirements, general corporate purposes, and public issue expenses.
Based in Jamnagar, Winsol Engineers is an integrated engineering, procurement, construction and commissioning company providing Balance of Plant (BoP) solutions for both wind and solar power generation companies.
Its core services for BoP Solutions include foundation work, substation civil and electrical work, right of way services, cabling to substation and Grid, and other miscellaneous activities.
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The company's clients are in the renewable energy industry, who prefer Winsol BoP solutions due to the historic track record of timely completion of projects, expertise and extensive experience in the business and cost efficiency.
In addition to the core BoP Solutions, Winsol also provides operation and maintenance services for plant handling and monitoring.
Balance of Plant solutions for Wind and Solar projects refers to all the components of a power generation facility excluding
the main
