Led by leading faculty from IIT Delhi and seasoned industry professionals, this program delves into contemporary Design Thinking methodologies and tools. Key components include Understanding User Requirements, Iterative Design Principles and Sustainability, Developing Minimum Viable Products and New Innovations, Agile Design Practices, and Data-Driven Innovation Techniques. Additionally, the curriculum covers Innovation Management Tools, Strategic Approaches to Innovation, and Design for Entrepreneurship.
The program also highlights the transformative impact of Artificial Intelligence on creative workflows, showcasing how AI enhances product development strategies and fosters improved customer interaction. Participants will gain practical knowledge on incorporating Generative AI into their design frameworks.
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Winsol Engineers IPO Gains Strong Grey Market Premium
The Winsol Engineers IPO is currently enjoying a significant grey market premium. According to market analysts, the grey market premium (GMP) for Winsol Engineers has surged to ₹200 per share today.
This means that Winsol Engineers shares are being traded at ₹275 each in the grey market, reflecting an impressive 266.67% premium over the issue price of ₹75 per share.
The Winsol Engineers IPO opened for subscriptions on May 6 and will close today, May 9. The allotment of shares is anticipated to be finalised on May 10, with the company's equity shares set to debut on NSE SME, targeting a listing date of May 14. The price range for the Winsol Engineers IPO is established at ₹71 to ₹75 per share. At the higher end of this range, the company aims to raise ₹23.36 crore through this entirely fresh issue of 31.15 lakh equity shares.
Winsol Engineers Ltd IPO Sees Strong Demand on Day Two
The Winsol Engineers Ltd IPO experienced robust interest from investors on the second day of its subscription on Tuesday, May 7. According to NSE data, the initial public offering (IPO) was oversubscribed 45.17 times by 11 am on day two.
The public offering received bids for over 9.46 crore shares, significantly surpassing the 20.73 lakh shares available to the public.
In the retail segment, bids were placed for 7.93 crore shares against the 10.35 lakh shares on offer, resulting in a remarkable subscription rate of 76.65 times. Meanwhile, the non-institutional investor category was subscribed 30.72 times, with bids for over 1.36 crore shares against 4.44 lakh shares available.
Qualified Institutional Buyers (QIBs) showed more moderate interest, subscribing 1.13 times, with bids for 6.72 lakh shares compared to the 5.93 lakh shares on offer.
Kfin Technologies Limited serves as the registrar for the Winsol Engineers IPO, while Beeline Capital Advisors Pvt Ltd acts as the book-running lead manager. Spread X Securities is the market maker for this IPO.
On May 3, Winsol Engineers raised ₹6.62 crore from anchor investors by allocating 8.83 lakh shares and set aside 1.58 lakh shares for the market maker, Spread X Securities.
The total offer size for the IPO consists of a fresh issue of 31.15 lakh shares, including the anchor investor portion of 8.83 lakh shares and the market maker segment of 1.58 lakh shares.
Winsol Engineers IPO Pricing and Lot Size
The price range for the Winsol Engineers IPO is set between ₹71 and ₹75 per share, with a face value of ₹10 each. Retail investors can apply for a minimum lot size of 1,600 shares, requiring an investment of ₹120,000. High Net-Worth Individuals (HNI) must apply for a minimum of two lots, totaling 3,200 shares, which equates to ₹240,000.
Key Dates for Winsol Engineers IPO
The allotment status for the Winsol Engineers IPO is expected to be finalised on Friday, May 10. Non-allotted applicants should receive refunds by May 13, while successful applicants will see their shares credited to their demat accounts on the same day. The shares are likely to be listed on the NSE SME platform, Emerge, on May 14.
The funds raised from the IPO will be utilised to meet the company's working capital needs and for general corporate purposes.
About Winsol Engineers
Founded in December 2015, Winsol Engineers Limited specialises in engineering, procurement, construction, and commissioning services for Balance of Plant (BoP) Solutions, primarily serving solar and wind power generation sectors.
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The company’s promoters—Ramesh Jivabhai Pindariya, Amri Ramesh Pindariya, Pindariya Kashmira, Kashish Ramesh Pindariya, and Kishor Jivabhai Pindariya—currently hold 100% of the shares prior to the issue. Following the IPO, their collective ownership will decrease to 72.99%.
Winsol Engineers IPO: Is It Worth Your Investment?
Timing the market can be critical for specific companies, especially when their financial stability, business momentum, and market sentiment align favourably. Winsol Engineers Ltd. (WEL) is currently in such a favourable position, particularly amid the growing excitement around SME offerings in the country.
WEL distinguishes itself in the renewable energy sector as a prominent provider of Balance of Plant (BoP) Solutions, which are vital systems and infrastructure that enable power plants to function effectively, specifically within the Wind and Solar markets. The company offers a comprehensive range of services, from foundational construction to the integration and maintenance of substations, ensuring efficient energy distribution. With a solid reputation for timely project execution, operational proficiency, and cost-effective methods, WEL has established itself as a trusted partner in renewable energy initiatives. Additionally, its Operations and Maintenance services further ensure smooth plant operations, reflecting a well-rounded approach in the fields of engineering, procurement, construction, and commissioning.
WEL has exhibited a remarkable growth trajectory, with substantial increases in both revenue and net income. This positive performance can be largely attributed to a strategic reshaping of the company’s product and service offerings, resulting in improved profit margins. The financial success is evident in the company's strong earnings per share and impressive return on net worth.
The IPO pricing, based on these financial indicators, appears attractive, suggesting the company is well-positioned in the market. Furthermore, the profit margins and return on capital employed reported over recent periods highlight WEL’s operational efficiency and profitability, reinforcing its sound financial health and promising outlook for potential investors.
Winsol Engineers Ltd: A Strong IPO Opportunity
"Winsol Engineers Ltd emerges as a promising IPO that merits strong bidding for an allocation—especially in today's environment of significant oversubscription, which makes achieving this goal quite challenging. The company's position in the renewable energy sector, along with its solid financial performance and operational efficiency, positions it as an appealing option for investors looking to be part of its growth narrative. However, despite the favorable short-term outlook, I adopt a cautious approach regarding its long-term potential," stated Tarun Singh, Founder and MD of Highbrow Securities.
Winsol Engineers IPO Subscription Status
The subscription figures for the Winsol Engineers IPO indicate robust investor interest. The overall subscription rate has reached an impressive 91.44 times, showcasing strong demand for the offering. The retail segment has particularly excelled, witnessing an oversubscription of 152.96 times, highlighting significant confidence among retail investors. Meanwhile, the Qualified Institutional Buyer (QIB) segment saw a moderate subscription of 1.22 times, while the Non-Institutional Investor (NII) category demonstrated considerable interest, being oversubscribed by 68.68 times as of May 7, 2024, at 3:25 PM.
Current Grey Market Premium (GMP)
According to various unlisted market tracking platforms, the grey market premium (GMP) for Winsol Engineers is currently estimated between ₹125 and ₹150 per share.
Winsol Engineers IPO Details
The Winsol Engineers IPO is a book-built issue valued at ₹23.36 crores, consisting entirely of fresh equity totaling 31.15 lakh shares.
Subscription Timeline
Investors can subscribe to the Winsol Engineers IPO from May 6, 2024, with the subscription window closing on May 9, 2024.
Allotment and Listing Dates
The allotment of shares is expected to be finalized by Friday, May 10, 2024. Winsol Engineers is scheduled to list on the NSE SME platform, with a tentative listing date of Tuesday, May 14, 2024.
Price Band
The price range for the Winsol Engineers IPO is set between ₹71 and ₹75 per share.
Lot Size and Minimum Investment
Prospective investors must apply for a minimum of 1,600 shares, requiring a minimum investment of ₹120,000 for retail investors. High Net Worth Individuals (HNIs) can apply for a minimum of two lots (3,200 shares), totaling ₹240,000.
IPO Management Team
Beeline Capital Advisors Pvt Ltd has been appointed as the book-running lead manager for the Winsol Engineers IPO, overseeing the entire offering process. Kfin Technologies Limited serves as the registrar for the issue, while Spread X Securities acts as the market maker, facilitating trading activities.
