Winny Immigration IPO Closed
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Schedule of Winny Immigration
| Issue open date | 20 Jun 2024 |
| Issue close date | 24 Jun 2024 |
| UPI mandate deadline | 24 Jun 2024 (5 PM) |
| Allotment finalization | 25 Jun 2024 |
| Refund initiation | 26 Jun 2024 |
| Share credit | 26 Jun 2024 |
| Listing date | 27 Jun 2024 |
| Mandate end date | 09 Jul 2024 |
| Lock-in end date for anchor investors (50%) | 25 Jul 2024 |
| Lock-in end date for anchor investors (remaining) | 23 Sep 2024 |
Note: The schedule is tentative. 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. The allotment status can be checked on the registrar's website and the exchange website.
About Winny Immigration
Incorporated in 2008, Winny Immigration is mainly in the visa consultancy business. The company assists (Service) individuals for study, travel, work, business, and migration purposes. The Company’s primary objective is to streamline the visa application process for its clients by providing consultancies in the below-stated range of services:
- Training for Language Proficiency Examinations
- Consulting and processing a range of Temporary Residence Visas
- Consulting and processing Permanent Residency Visas
Financials of Winny Immigration
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹9.13 crores |
| Fresh Issue | ₹9.13 crores |
| Offer for sale | – |
*All figures except EPS are in ₹ Crores
Risks
- Heavy reliance on Canadian Immigration: The company exhibits a significant reliance on revenue from Canadian Immigration services, with 90% in FY 2021-22, 82% in FY 2022-23, and 39.00% in FY 2023-24 originating from services provided to individuals seeking to immigrate to Canada. This dependency exposes the company to potential impacts from regulatory shifts and policies implemented by the Canadian government.
- Promoter-associated risks: The company’s promoter has a history of delayed payments on property loans and credit cards.
Note:
- The above schedule is tentative. 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.
- The allotment status will be available by June 26, 2024, on the Registrar’s website and the NSE website.