Winsol Engineers IPO: Issue subscribed 15 times so far on first day; Check latest GMP, other key details of SME IPO

Winsol Engineers IPO is an SME IPO and the shares of the institution volition beryllium listed connected NSE SME platform. 

Let america cheque Winsol Engineers IPO GMP today, subscription presumption and different cardinal details of the SME IPO:

Winsol Engineers IPO Subscription Status

Winsol Engineers IPO has been subscribed 14.99 times truthful acold connected May 6, the archetypal time of the bidding process. The contented received bids for 3.10 crore equity shares arsenic compared to 20.73 lakh shares connected the offer, arsenic per information disposable till 1:45 pm.

The nationalist contented has been subscribed 25.97 times successful the retail category, 0.01 times successful the Qualified Institutional Buyers (QIB) class and 9.44 times successful the Non-Institutional Investors (NII) class truthful far.

Also Read: Indegene IPO: Issue booked 55% connected Day 1, truthful far. NII information afloat subscribed; cheque GMP, subscription status, cardinal dates

Winsol Engineers IPO GMP Today

Winsol Engineers IPO is commanding a robust grey marketplace premium today. Winsol Engineers IPO GMP today, oregon grey marketplace premium today, is ₹130 per share, arsenic per banal marketplace observers. This indicates that Winsol Engineers shares are trading astatine ₹205 apiece successful the grey market, a premium of 173.33% to the contented terms of ₹75 per share.

About Winsol Engineers IPO

Winsol Engineers IPO opened for subscription connected May 6 and volition adjacent connected Thursday, May 9. The IPO allotment is expected to beryllium finalized connected May 10 and the equity shares of Winsol Engineers volition database connected NSE SME with a tentative listing day fixed connected May 14.

Winsol Engineers IPO terms set is acceptable astatine ₹71 to ₹75 per share. At the upper-end of the terms band, the institution plans to rise ₹23.36 crore from the book-built contented which is wholly a caller contented of 31.15 lakh equity shares.

The IPO batch size is 1,600 shares and the minimum concern magnitude required by retail investors is ₹120,000.

Read here: Winsol Engineers IPO terms set acceptable astatine ₹71-75 per share; SME IPO to unfastened connected May 6

Winsol Engineers has already raised ₹6.62 crore from anchor investors connected May 3. 

The institution proposes to utilise the caller contented proceeds towards moving superior requirements and wide firm purposes.

Beeline Capital Advisors Pvt Ltd is the publication moving pb manager of the Winsol Engineers IPO, portion Kfin Technologies is the IPO registrar.

Winsol Engineers provides integrated engineering, procurement, construction, and commissioning services for Balance of Plant (BoP) Solutions for some star and upwind powerfulness procreation firms. Its halfway services for BoP Solutions see instauration work, substation civilian and electrical work, and right-of-way services.

As of April 2024, Winsol Engineers had much than 41 large ongoing projects with a full worth of astir ₹119.53 crore.

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Published: 06 May 2024, 01:48 PM IST