Winny Immigration IPO booked nearly 10 times on day 1: Check subscription update, price band, lot size and other details

Winny Immigration (Winny Immigration and Education Services Ltd) launched its Initial Public Offer (IPO) on Thursday, June 20. Winny Immigration IPO witnessed strong demand on the first day of bidding as the issue was booked nearly 10 times.

The NSE SME IPO of Winny Immigration and Education Services Ltd received bids for over 59.58 lakh shares against 6.18 lakh shares on offer, leading to an overall subscription of 9.64 times.

The demand for Winny Immigration Ltd shares was led by Non-Institutional Investors (NIIs) as they placed bids for 32.92 lakh shares compared to the 3.09 lakh shares set aside for the category. The issue was booked 10.65 times in the NIIs’ category.

Retail investors bid for 24.49 lakh shares against 3.09 lakh shares reserved for the category. The issue was subscribed 7.92 times in the category.

The Qualified Institutional Buyers (QIB) placed bids for 2.17 lakh shares.

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Winny Immigration IPO offer size and price band

Winny Immigration IPO is a fixed price issue of ₹9.13 crore comprising an entirely fresh issue of 6.52 lakh shares. Winny Immigration IPO price band has been set at ₹140 per share.

Winny Immigration IPO lot size and minimum investment

Retail investors interested in applying for Winny Immigration IPO can place bids for a minimum lot size of 1000 shares, which translate to an investment of ₹1,40,000. High Net-Worth Individuals (HNIs) can bid for a minimum lot size of 2 lots or 2,000 shares, which aggregates to ₹2,80,000.

Winny Immigration IPO dates

Winny Immigration IPO’s bidding window opened today on Thursday, June 20 and will close on Monday, June 24. Winny Immigration IPO share allotment status is likely to be finalised by Tuesday, June 25. Refunds for unsuccessful bidders will be issued by Wednesday, June 26, and shares will be credited to demat accounts of successful bidders on the same day. Winny Immigration IPO listing date has been tentatively fixed as June 27.

Winny Immigration Limited IPO registrar

Winny Immigration IPO’s book running lead manager is Interactive Financial Services Ltd. Bigshare Services Pvt Ltd will serve as the registrar for the visa consultancy company’s public issue and the market maker for the issue is Beeline Broking.

Winny Immigration Limited key financials

The company’s revenue for the fiscal year ended March 31, 2024 fell nearly 8% to ₹11.02 crore compared to ₹11.97 crore in FY23. Winny Immigration’s Profit-After-Tax (PAT) for FY24 declined nearly 73% to ₹39.27 lakh compared to ₹1.44 crore in FY23. The immigration consultancy firm’s net worth in FY24 grew over 20% to ₹2.3 crore from ₹1.91 crore in the preceding fiscal.

Winny Immigration Limited promoters

Winny Immigration’s promoter is Jignesh Patel and holds 83.63% stake in the company before the issue, after the issue the promoter will hold 58.51% stake in the company.

Winny Immigration Limited IPO objective

Winny Immigration Limited’s plans to use the funds raised through the issue for opening new offices in India, developing software, repaying debts and for branding and advertisement. The funds raised will also be used for general corporate purposes and for meeting public issue expenses.

About Winny Immigration Limited

Winny Immigration and Education Services Ltd was established in 2008 and is engaged in the visa consultancy business. The company counsels individuals regarding study, travel, work, business, and migration purposes.

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