Winsol Engineers IPO price band set at ₹71-75 per share; SME IPO to open on May 6

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₹71 to ₹75 per share. The IPO lot size is 1,600 shares. At the upper end of the price band, the company plans to raise ₹23.36 crore from the book-built issue which is entirely a fresh issue of 31.15 lakh equity shares.

Also Read: JNK India share price makes a stellar debut, stock opens with 50% premium at ₹621 on NSE Winsol Engineers IPO is an SME IPO and the minimum investment amount required by retail investors is ₹120,000. The company plans to use the net issue proceeds towards working capital requirements and general corporate purposes. Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Winsol Engineers IPO, while Kfin Technologies Limited is the IPO registrar.

In the Winsol Engineers IPO, 50% of the net issue is reserved for Qualified Institutional Buyers (QIB), 35% is reserved for Retail Investors and the remaining 15% of the net issue is reserved for Non-Institutional Investors. Also Read: Shivam Chemicals IPO share price makes decent debut; lists with 9% premium at ₹48 apiece on BSE SME Winsol Engineers is an EPC firm providing services for BoP Solutions including foundation work, substation civil and electrical work, and right-of-way services. As of April 2024, the company has more than 41 major ongoing projects with a total value of approximately ₹119.53 crore.

Ramesh Pindariya, Amri Pindariya, Pindariya Kashmira, Kashish Pindariya and Kishor Pindariya are the promoters of the company. The promoter shareholding in the company will decline to 72.99% after the IPO from 100% at present. Winsol Engineers reported a net profit of ₹5.18 crore upon revenue of ₹65.44 crore in FY23.