Winny Immigration IPO will open for subscription from 20 June 2024. The company aims for an issue size of ₹9.13 Cr through this IPO.
Company Overview
| Full name | Winny Immigration and Education Services Ltd |
| Sector | Other |
| Industry | Professional Services |
| Company Website | http://www.winnyimmigration.com/ |
About Company
Winny Immigration & Education Services specializes in visa consultancy services for individuals seeking assistance with study, travel, work, business, and migration purposes. In response to the growing need for professionals, students, and travelers to cross borders, the company has expanded its business to provide expert guidance on the visa application process.
The company’s role in facilitating global mobility and connecting individuals with international opportunities is crucial with decades of experience, a network of 12 strategically located offices (9 Branches, 2 Franchisees, and 1 Virtual office), and a dedicated team of over 100 professionals. Most clients choose to migrate to countries such as the USA, Canada, Australia, New Zealand, the UK, and Europe. As on 31 March 2024, the company has employed around 145 employees at various levels of the organization. The company is providing consultancies in the below-stated range of services:
- Training for Language Proficiency Examinations
- Consulting and processing a range of Temporary Residence Visas.
- Consulting and processing Permanent Residency Visas.
The Objectives of the Issue
- Opening new offices in India
- Software development
- Repayment of Debt
- Branding and Advertisement
- General Corporate Purpose
- Meeting Public Issue Expenses.
Winny Immigration IPO Timetable
| IPO Opening date | 20 June 2024 |
| IPO Closing | 24 June 2024 |
| Basis of Allotment | 25 June 2024 |
| Initiation Refund | 26 June 2024 |
| Credit to Demat Account | 26 June 2024 |
| Listing Date | 27 June 2024 |
Winny Immigration IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹9.13 Cr – 652,000 shares |
| Fresh Issue | ₹9.13 Cr – 652,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹140 per share |
| Lot size | 1000 Shares |
| Market Maker portion | 34,000 shares |
| Shareholding pre-issue | 1,518,000 |
| Shareholding post-issue | 2,170,000 |
| Listing Exchange | BSE & NSE SME |
Winny Immigration IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹140,000 |
| Retail (Max) | 1 | 1000 | ₹140,000 |
| HNI (Min) | 2 | 2,000 | ₹280,000 |
Winny Immigration Offer Documents
Winny Immigration Offer Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 34,000 (5.21%) |
| Other Shares Offered | 309,000 (47.39%) |
| Retail Shares Offered | 309,000 (47.39%) |
| Total Shares Offered | 652,000 (100%) |
Winny Immigration Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 9.99 | 11.77 | 10.81 |
| Expenses | 8.33 | 10.04 | 10.50 |
| Net income | 1.28 | 1.45 | 0.39 |
Winny Immigration Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 8.41 | 9.53 | 2.59 |
| PE ratio | – | – | 54.05 |
| RONW (%) | 273.00 | 75.58 | 17.02 |
| NAV | 141.67 | 580.17 | 15.20 |
| ROCE (%) | 114.93 | 51.64 | 15.74 |
| EBITDA (%) | 19.72 | 20.90 | 9.07 |
| Debt/Equity | 2.74 | 1.21 | 0.90 |
Company Promoters
- Jignesh Patel
Promoter Holding
| Pre Issue Share Holding | 83.63% |
| Post Issue Share Holding | 58.51% |
Winny Immigration Offer GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 26 June 2024 | 73 | – | 56,500 |
| 25 June 2024 | 73 | – | 56,500 |
| 24 June 2024 | 70 | – | 52,500 |
| 22 June 2024 | 65 | – | 48,000 |
| 21 June 2024 | 70 | – | 52,000 |
| 20 June 2024 | 48 | – | 35,000 |
| 19 June 2024 | 45 | – | 33,500 |
| 18 June 2024 | 45 | – | 32,500 |
| 17 June 2024 | 44 | – | 32,000 |
Winny Immigration IPO Subscription Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 26 June 2024 | 73 | – | 56,500 |
| 25 June 2024 | 73 | – | 56,500 |
| 24 June 2024 | 70 | – | 52,500 |
| 22 June 2024 | 65 | – | 48,000 |
| 21 June 2024 | 70 | – | 52,000 |
| 20 June 2024 | 48 | – | 35,000 |
| 19 June 2024 | 45 | – | 33,500 |
| 18 June 2024 | 45 | – | 32,500 |
| 17 June 2024 | 44 | – | 32,000 |
Winny Immigration IPO Allotment Status
Winny Immigration IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Winny Immigration IPO Listing Details
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Winny Immigration IPO Listing Day Update
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Winny Immigration IPO Lead Manager(s)
INTERACTIVE FINANCIAL SERVICES LIMITED
Office No. 508, Fifth Floor, Priviera,
Nehru Nagar, Ahmedabad – 380 015, Gujarat
Phone: +91-9898055647 / 079 3521 7439
Email: info@ifinservices.in
Website: www.ifinservices.in
Winny Immigration Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Winny Immigration Contact Details
WINNY IMMIGRATION & EDUCATION SERVICES LIMITED
103-104, ATP Arcade, Above Mr. Bean’s Coffee Shop,
Nr. National Handloom House, Law Garden,
Ahmedabad, Gujarat, India, 380006
Phone: 079-61906190
E-mail: compliance@winnyimmigration.com
Website: www.winnyimmigration.com
Winny Immigration IPO FAQs
What is the Winny Immigration offer size?
Winny Immigration’s offer size is ₹ 9.13 crores.
What is the Winny Immigration offer price band?
Winny Immigration public offer price is ₹ 140 per share.
What is the lot size of the Winny Immigration IPO?
Winny Immigration offer a lot size is 1,000 shares.
What is Winny Immigration Offer GMP today?
Winny Immigration IPO GMP today is ₹ 73 per share.
What is the Winny Immigration kostak rate today?
Winny Immigration kostak rate today is ₹ NA per application.
What is Winny Immigration Subject to the Sauda rate today?
Winny Immigration is Subject to the Sauda rate today is ₹ 56,500 per application.
Final thoughts
Winny Immigration IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
