IPO Issue Details
Issue Price / Price Band₹140 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,000 Shares per Lot
Total Issue Size6,52,000 shares (aggregating up to ₹9.13 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenThu, 20 Jun 2024
Subscription CloseMon, 24 Jun 2024
Anchor AllotmentWed, 19 Jun 2024
Basis of AllotmentTue, 25 Jun 2024
Initiation of RefundsWed, 26 Jun 2024
Credit of Shares to DematWed, 26 Jun 2024
Listing DateThu, 27 Jun 2024
UPI Mandate Deadline2024-06-24
Application & Investment Details
Retail — Min (1 Lots)₹1,40,000 — 1,000 shares
Retail — Max (13 Lots)₹1,820,000 (13 Lots)
HNI — Min (2 Lots)₹2,80,000 — 2,000 shares
NII / HNI Quota47.39% of Issue
Retail Quota47.39% of Issue
EPS (Pre-IPO)₹2.59
EPS (Post-IPO)₹1.81
P/E Ratio (Pre-IPO)54.12x
P/E Ratio (Post-IPO)77.36x
Net Offer to Public6,18,000 shares (aggregating up to ₹8.65 Cr)
Reserved for Market Maker34,000 shares (aggregating up to ₹0.4760 Cr)
Pre-IPO Promoter Holding15,18,000 shares
Post-IPO Promoter Holding21,70,000 shares
About Winny Immigration & Education Services Ltd.
Incorporated in 2008, Winny Immigration and Education Services Ltd. is primarily involved in the visa consultancy business. The company assists individuals for study, travel, work, business, and migration purposes.The company has assisted thousands of clients with immigration and visa processes, providing visa consultancy. With decades of experience and a network of 12 strategically located offices, they have effectively guided many clients through these complex procedures.Winny offers visa guidance, immigration assistance, and documentation services.The company provides consultations for the following services:1. Training for Language Proficiency Examinations,2. Consulting and processing a variety of Temporary Residence Visas,3. Consulting and processing Permanent Residency Visas.The company has 12 offices in Gujarat, Maharashtra, and Delhi, including branches, franchisees, and a virtual office in Canada.As of March 31, 2024, the company has employed around 145 employees at various levels of the Organization.
Objects of the Issue
Winny Immigration & Education Services Ltd. proposes to utilise the net proceeds for the following objects as stated in the DRHP:
1
Opening new offices in India
4
Branding and Advertisement
5
General Corporate Purpose
6
Meeting Public Issue Expenses.
Shareholding & Lock-in
Pre-IPO Promoter Holding
15,18,000 shares
Post-IPO Promoter Holding
21,70,000 shares
