Winsol Engineers IPO subscribed over 630 times on last day; check key details

The initial public offering (IPO) of Winsol Engineers has drawn massive interest from investors, with the issue being subscribed over 630 times. The window to place the bids was opened on May 6, and is scheduled to close today, on May 9.

The SME public issue, which will be listed on the National Stock Exchange (NSE), has earmarked its shares for qualified institutional buyers (QIBs), non-institutional buyers (NIIs) and retail buyers.

Of the 31.15 lakh shares, the company will allocate not more than 50% of the net issue to the QIBs, not less than 35% of the net issue to retail buyers and not less than 15% of the net issue to NIIs.

Winsol Engineers IPO subscription status

Winsol Engineers has received a total of 140.8 crore bids so far, as per the data available with the NSE as of 4:30 pm. This marked a total subscription of 630.56 times.

QIBs have placed their bid for a total of 12.3 crore shares, whereas the non-institutional investors have placed bids for 40.8 crore shares.

The retail section has drawn the maximum subscription so far, with bids being placed for 80.17 crore shares so far.

Winsol Engineers IPO price band

Winsol Engineers IPO price band has been fixed at ₹71 to ₹75 per share and the minimum lot size for an application at 1,600 shares.

At this price band, a retail investor will require a minimum investment amount of ₹1,20,000 to apply for one lot of shares. For high-networth individuals, the minimum lot size for investment is 2 lots or 3,200 shares, amounting to ₹2,40,000.

Winsol Engineers IPO allotment and listing dates

Winsol Engineers IPO allotment status is expected to be finalised on Friday, May 10. Non-allottees of shares are likely to get their money back on Monday, May 13. Successful applicants will receive shares in their Demat accounts on the same day.

Winsol Engineers IPO shares are likely to get listed on the NSE SME platform, Emerge, on Tuesday, May 14.

About Winsol Engineers

Established in December 2015, Winsol Engineers Ltd is a provider of integrated engineering, procurement, construction (EPC), and commissioning services for Balance of Plant (BoP) solutions for solar and wind power generation companies.

Its core services for BoP Solutions encompass foundation work, substation civil and electrical work, and right-of-way services.

Winsol Engineers Ltd is an ISO-9001-2015, ISO-14001-2015, and ISO-45001-2018 certified firm, with more than 200 engineers and technicians working across more than 41 major ongoing projects.