Winsol Engineers Logo

Winsol Engineers Limited

WINSOL

71-75

per share
Bidding Dates
6-9 May
Min. Investment
₹1,13,600.00
Lot Size
1600 shares
Issue Size
₹23.36 Cr
IPO Timeline
Bidding starts
06 May ‘24
Bidding ends
09 May ‘24
Allotment finalisation*
10 May ‘24
Refund initiation*
13 May ‘24
Demat transfer
13 May ‘24
Listing
14 May ‘24
* Refund is a 7-10 days process. If you don’t get refund then please contact your bank.

About Winsol Engineers Limited

Incorporated in 2015, Located at Jamnagar, Winsol Engineers Limited is an integrated engineering, procurement, construction and commissioning company providing Balance of Plant (BoP) Solutions for both Wind and Solar power generation companies. Their core services for BoP Solutions includes Foundation work, Substation Civil and Electrical work, Right of Way services, Cabling to substation and Grid, and Miscellaneous work. 

The company has a Wholly owned subsidiary namely Repower Infrastructure Private Limited. Repower Infrastructure Private Limited is also engaged in the same line of business. Pursuant to which, the company acquired entire stake of Repower Infrastructure Private Limited on February 10, 2024 making it their Wholly owned subsidiary as on date.

The materials essential for executing projects are meticulously sourced and managed to ensure the highest quality and compliance with project specifications. The materials required for performing the scope of work are Conductors, Earthwires and staywires, Fabrication material, Bird Guard and Bird Diverter, Insulators, Isolators, Surge arrestors, Optical Ground Wire, Beams and poles, various tower structures, fasteners and other required hardware. While the specifics of raw materials can vary based on project requirements, they maintain comprehensive records of each type of material procured. These records include details such as material specifications, supplier information, quality certificates, and any relevant compliance documentation. They procure raw material from domestic sources only. 

End users of their services are Companies engaged in the renewable energy sector. Their company has total team strength of more than 200 (Engineers and Technicians) for execution of various projects. The company has been executing various projects on a Turnkey basis for various clients including Suzlon, Adani Green Energy, Powerica Limited and KP Energy Limited. 

Company has demonstrated a prominent presence in execution of projects and has developed significant expertise and competencies in this field &  the aim is  to leverage on its strength and continue expansion into sector which will put them to desired growth trajectory.

Winsol Engineers Limited Prepares for its Initial Public Offering (IPO), the proceeds generated from the Fresh Issue will be allocated towards crucial objectives:

  1. Working Capital Requirements 
  2. General Corporate Purposes.

IPO analysis

Registrar information
Name
KFIN TECHNOLOGIES LIMITED
Phone number
+91 40 6716 2222
Email ID
npil.ipo@kfintech.com
Red herring prospectus
View documents submitted by company in filing to understand more details about them.

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