About
Winsol Engineers Limited is launching its IPO. The offer opens for subscription on May 06, 2024, and will close on May 09, 2024.
Disclaimer: This stock will trade with a lot size of 1600 shares in the SME segment on listing.
What does Winsol Engineers Limited do?
Winsol Engineers Pvt. Ltd., was incorporated in 2015 in Jamnagar, Gujarat, and became Winsol Engineers Ltd. in December 2023. Led by experienced promoters with over 35 years in the industry, the company specializes in engineering, procurement, construction, and commissioning for wind and solar power plants. With over 200 engineers and technicians, Winsol has completed over 55 projects since 2018, totaling more than ₹17,000.00 lakhs. They have 41 major ongoing projects valued at ₹11,953.31 lakhs as of March 31, 2024.
They offer Balance of Plant (BoP) solutions, including foundation work, substations, cabling, and miscellaneous services, with a track record of timely project completion. The company also provides operation and maintenance services for plant monitoring and handling. BoP solutions encompass all plant components except the main generating equipment and involve design, procurement, installation, and commissioning.
The company supports site operations for optimized performance in the operation and maintenance vertical, including SCADA monitoring and scheduled maintenance. Winsol Engineers Ltd. acquired Repower Infrastructure Pvt. Ltd., a subsidiary engaged in the same business, in February 2024.
Schedule/Timeline of Winsol Engineers Limited IPO
| Issue Period | 6th May to 9th May 2024 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | May 10, 2024 |
| Initiation of Refunds | May 13, 2024 |
| Credit of Shares | May 13, 2024 |
| Date of Listing | May 14, 2024 |
| Mandate end date | May 24, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | June 09, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | August 08, 2024 |
Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.
How do I apply to the Winsol Engineers Limited IPO?
You can apply for the Winsol Engineers Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
Where do I check the allotment status for Winsol Engineers Limited IPO?
You can check the allotment status for the Winsol Engineers Limited IPO on the website of the Registrar and Transfer agent.
Alternatively, you can also check the allotment status on the NSE website.