Winsol Engineers IPO allotment expected on May 10: Steps to check share allocation

Winsol Engineers Limited IPO share allotment status is expected to be finalised on Friday, May 10, following bumper bidding for the initial public offer. The Gujarat-based EPC and Balance of Plant solutions provider for both Wind and Solar power generation firms launched its public offer on May 6 to raise around ₹23.36 crore from public investors.

The Winsol Engineers IPO received a stellar response from public investors. Investors will be keeping a close watch on the Winsol Engineers share allotment on May 10.

The IPO listing is tentatively fixed on May 14 with the shares scheduled to make debut on the NSE SME platform.

The company will inform successful bidders through emails and SMS about the share allotment. Investors can check the status on the official portals of NSE and IPO registrar Kfin Technologies Pvt Ltd.

How to check Winsol Engineers share allotment on IPO Registrar’s website

• Visit Kfin Technologies Ltd official website (https://www.kfintech.com)
• Go to Products sections
• Click on IPO share allotment
• Select Company name as Winsol Engineers
• Enter your application number or PAN number, or client ID.
• Enter the captcha code and click Submit.

Steps to check IPO share allotment on NSE website

• Visit the link: https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Register and login with username and password provided by NSE.
• Select Winsol Engineers Limited
• Verify PAN details
• Enter IPO application No
• Click on Submit

The investors should know that the company name and share allocation details will appear on screen only after the company finalises the share allotment status.

Winsol Engineers IPO subscription

According to exchange data, Winsol Engineers IPO was subscribed more than 684 times at the close of bidding on May 9, Thursday. The IPO received robust demand from both retail and non-institutional investors.

The IPO received applications for 141.89 crore shares against 20.73 lakh shares offered for subscription, translating into a huge oversubscription of 684 times.

Qualified Institutional Buyers’ (QIBs) portion was subscribed more than 207 times. QIBs placed bids for 12.30 crore shares worth ₹922 crore against 5.93 lakh shares on offer.

The Non-Institutional Investors’ category was booked more than 1,087 times. NIIs placed applications for 48.38 crore shares worth ₹ 3,628 crore against 444,800 shares on offer.

The Retail Investors’ category was booked more than 780 times. Retail investors placed bids for 81.14 crore shares worth ₹6,057 crore against 10.35 lakh shares on offer.

Winsol Engineers IPO Objects

Jamnagar, Gujarat-based company is an integrated engineering, procurement, construction and commissioning firm offering Balance of PlantSolutions for Wind and Solar power companies.

The company has more than 41 major ongoing projects having a total value of ₹119.53 crore.

According to Winsol Engineers IPO, the company plans to utilise ₹15 crore of the IPO proceeds to meet working capital requirements.

The ₹23.36 crore Winsol Engineers IPO was a fresh issue of 31.15 lakh shares.