Winny Immigration IPO: Financial Analysis, Opening Dates, GMP & Subscription Details

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Winny Immigration & Education Services Ltd IPO Review: Key Details, Timeline, and Market Sentiment

Overview

Winny Immigration & Education Services Ltd, established in 2008, specializes in visa consultancy services. The company offers assistance for various types of visas, including student, travel, work, business, and migration visas. With the increasing globalization and demand for skilled professionals, Winny Immigration aims to streamline the visa application process for its clients.

Company Information

  • Incorporation Date: June 9, 2008
  • Corporate Identification Number (CIN): U93000GJ2008PLC054150
  • Registered Office: 103-104, ATP Arcade, Above Mr. Bean's Coffee Shop, Nr. National Handloom House, Law Garden, Ahmedabad, Gujarat, India, 380006
  • Promoter: Jignesh Patel
  • IPO Docs: Winny Immigration DRHP

IPO Details

  • Issue Open Date: June 20, 2024
  • Issue Close Date: June 24, 2024
  • Listing Date: June 27, 2024
  • Issue Price: ₹140 per share
  • Face Value: ₹10 per share
  • Fresh Issue Size: Upto 6,52,000 Equity Shares
  • Market Maker Reservation Portion: Details to be provided

Tentative Timeline

Event Date
IPO Open Date June 20, 2024
IPO Close Date June 24, 2024
Basis of Allotment June 25, 2024
Initiation of Refunds June 26, 2024
Credit of Shares to Demat June 26, 2024
Listing Date June 27, 2024
Cut-off time for UPI mandate confirmation 5 PM, June 24, 2024

Winny Immigration & Education Services Ltd Financial Information

Particulars 31st March, 2024 31st March, 2023 31st March, 2022
Assets (` in Lakhs) 542.84 541.93 276.26
Revenue from Operation 1102.12 1197.91 1004.07
Profit after Tax  39.27 144.71 127.63
Net worth  230.72 191.46 46.75
Reserves and Surplus  78.92 188.16 43.45
Total borrowings  206.84 232.02 127.91

Objects of the Issue

The net proceeds from the IPO will be used for the following purposes:

  1. Opening of new offices in India: ₹96.96 Lakhs
  2. Software Development: ₹287.81 Lakhs
  3. Repayment of Debt: ₹159.00 Lakhs
  4. Branding and Advertisement: ₹100.00 Lakhs
  5. General Corporate Purposes: [Amount to be determined]

Promoter and Promoter Group Shareholding

Name Pre-issue Shares Pre-issue % Post-issue Shares
Jignesh Patel 12,65,000 83.33% 12,65,000
Binal Patel 4,600 0.30% 4,600

Grey Market Premium (GMP) and Subscription Details

Date IPO GMP Kostak Subject to
Today ₹70 ₹- ₹50,000
20th June ₹50 - ₹35,000
19th June ₹45 - ₹30,000
18 June ₹45 ₹- ₹30,000
17 June ₹45 ₹- ₹30,000


How To Get/Claim:


Risk Factors

  1. Market Risks: No assurance of active trading post-listing.
  2. General Risks: Investments in equity involve risks.
  3. Regulatory Risks: Changes in laws and regulations can impact the business.

Conclusion

The IPO of Winny Immigration & Education Services Ltd provides an opportunity to invest in a company that is well-positioned in the growing visa consultancy market. However, potential investors should carefully consider the risk factors and their own investment strategies before making a decision.

For more detailed information, refer to the company's Draft Prospectus and consult financial advisors before making any investment decisions.

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