Winny Immigration and Education Services Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | June 20, 2024 to June 24, 2024 |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 140 per share |
| Lot Size | 1,000 Shares |
| Total Issue Size | 6,52,000 shares (aggregating up to ₹ 9.13 Cr) |
| Fresh Issue | 6,52,000 shares (aggregating up to ₹ 9.13 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 15,18,000 |
| Share holding post issue | 21,70,000 |
| Market Maker portion | 34,000 shares Beeline Broking |
About Winny Immigration and Education Services Limited IPO
The Winny Immigration and Education Services Company “WINNY” is mainly in the visa consultancy business. They assist (Service) individuals for study, travel, work, business and migration purposes. As the world becomes increasingly interconnected, the demand for skilled professionals, students and travellers to cross borders has surged. They have seized this opportunity to expand their business by guiding the complex process of obtaining visas for different purposes in the current era. They have successfully assisted thousands of clients in navigating the complex immigration and visa processes. By providing Visa consultancy, they play a pivotal role in facilitating global mobility and connecting individuals with international opportunities.
Winny Immigration IPO is a fixed price issue of Rs 9.13 crores. The issue is entirely a fresh issue of 6.52 lakh shares. Winny Immigration IPO opens for subscription on June 20, 2024 and closes on June 24, 2024. The allotment for the Winny Immigration IPO is expected to be finalized on Tuesday, June 25, 2024. Winny Immigration's IPO price is ₹140 per share. The minimum lot size for an application is 1000 Shares. Interactive Financial Services Ltd is the book-running lead manager of the Winny Immigration IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Winny Immigration IPO is Beeline Broking.
Objectives of Winny Immigration IPO
The company proposes to use the Net Proceeds from the issue for the following objectives:
- 1. Opening new offices in India
- 2. Software development
- 3. Repayment of Debt
- 4. Branding and Advertisement
- 5. General Corporate Purpose
- 6. Meeting Public Issue Expenses.
Winny Immigration IPO Review
The company is operating in a highly competitive and fragmented segment. It marked static top lines for the last three fiscals and posted a decline in its bottom line for FY24. Based on FY24 earnings, the issue is exorbitantly priced. Small equity capital post-IPO indicates a longer gestation period. There is no harm in skipping this pricey and high-risk bet.
Winny Immigration and Education Services Limited IPO Financial Information
Latest Revenue
1,102.12
₹ Crore
Profit After Tax
39.27
₹ Crore
Net Worth
230.72
₹ Crore
Total Borrowing
206.84
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 542.84 | 1,102.12 | 39.27 | 230.72 | 206.84 | ||||
| 31 Mar 2023 | 541.93 | 1,197.91 | 144.71 | 191.46 | 232.02 | ||||
| 31 Mar 2022 | 276.26 | 1,004.07 | 127.63 | 46.75 | 127.91 | ||||
| Amount in ₹ Crore | |||||||||
Winny Immigration and Education Services Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 18.60% |
| ROCE | 15.74% |
| Debt/Equity | 0.9 |
| RoNW | 17.02% |
| P/BV | 9.21 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.59 | 1.81 |
| P/E (x) | 54.12 | 77.36 |
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Competitive Strengths
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Winny Immigration and Education Services Limited IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹140,000 |
| Retail (Max) | 1 | 1000 | ₹140,000 |
| HNI (Min) | 2 | 2,000 | ₹280,000 |