What you must know about Winny Immigration and Education Services IPO?
by 5paisa Research Team
18 Jun 2024
Winny IPO Details
- Open Date 20-Jun-24
- Close Date 24-Jun-24
- Lot Size 1000
- IPO Size ₹ 9.13 Cr
- IPO Price Range ₹ 140
- Min Investment ₹ 140,000
- Listing Exchange NSE SME
- Basis of Allotment 25-Jun-24
- Refunds 26-Jun-24
- Credit to Demat Account 26-Jun-24
- Listing Date 27-Jun-24
Winny Immigration & Education Services IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 20-Jun-24 | - | 11.38 | 8.16 | 10.12 |
| 21-Jun-24 | - | 18.56 | 35.49 | 27.72 |
| 24-Jun-24 | - | 109.65 | 190.66 | 154.67 |
Winny IPO Synopsis
Last Updated: 24th June, 2024 by 5paisa
Winny Immigration and Education Services IPO is all set to open from 20th June to 24th June 2024. The company operates a visa consultancy business. The IPO includes a fresh issue of 652,000 shares worth ₹9.13 cr. The share allotment date is 25th June 2024, and the IPO will be listed on 27th June 2024 on the stock exchanges. The price band is ₹140 and the lot size is 1000 shares.
Interactive Financial Services Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar.
Objectives of Winny Immigration and Education IPO
Winny Immigration and Education Services Limited plans to utilize the raised capital from the IPO to:
● To fund the working expenditure requirement for Opening new offices in India and Software development.
● To repay the borrowings obtained by the company
● To fund Branding and Advertising expenses.
● General corporate purposes.
● To fund the public issue expenses.
About Winny Immigration & Education Services
Winny Immigration and Education Services operates a visa consultancy business. It helps individuals with visas for study, travel, work, business and migration purposes for countries like the USA, Canada, Australia, New Zealand, the UK and Europe. It has 12 offices with a staff of over 100 professionals.
Its business verticals include: i) Training for Language Proficiency Examinations ii) Consulting and processing a range of Temporary Residence Visas. iii) Consulting and processing Permanent Residency Visas.
Peer Comparison
● No listed peers.
For More Information:
Webstory on Winny Immigration IPO
Winny Immigration & Education Services Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue from operations | 10.80 | 11.77 | 9.98 |
| EBITDA | 0.98 | 2.45 | 1.96 |
| PAT | 0.39 | 1.44 | 1.27 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 5.42 | 5.41 | 2.76 |
| Share Capital | 1.51 | 0.03 | 0.03 |
| Total Borrowings | 3.12 | 3.50 | 2.29 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 0.74 | 0.05 | 1.20 |
| Net cash from / (used in) investing activities | 0.16 | -0.85 | -0.042 |
| Net cash flow from / (used in) financing activities | -0.44 | 0.80 | -1.06 |
| Net increase (decrease) in cash and cash equivalents | 0.46 | 0.0051 | 0.10 |
Winny IPO Key Points
-
Strengths
1. The company offers individualized advice and guidance tailored to each client.
2. It has a well-equipped infrastructure.
3. From training to consultation and application processing to reaching the final destination, the company offers all visa-related services.
4. Clear and Transparent Terms are a big plus.
5. Experienced promoters and management team.
-
Risks
1. The company is highly dependent on the Canada Immigration Revenue.
2. Changes in the foreign policy on VISA and Immigration may affect the business adversely.
3. The major source of revenue is generated from the state of Gujarat.
4. It operates in a competitive environment.
5. It has reported negative cash flow in the past.
Winny
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Winny IPO FAQs
When does Winny Immigration IPO opens and closes?
Winny Immigration IPO opens from 20th June to 24th June 2024.
What is the size of Winny Immigration IPO?
The size of Winny Immigration IPO is ₹9.13 cr.
How to apply for Winny Immigration IPO?
To apply for Winny Immigration IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for Winny Immigration IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of Winny Immigration IPO?
The price band of Winny Immigration IPO is fixed at ₹140 per share.
What is the minimum lot size and investment required for Winny Immigration IPO?
The minimum lot size of Winny Immigration IPO is 1000 shares and the investment required is ₹1,40,000.
What is the allotment date of Winny Immigration IPO?
The share allotment date of Winny Immigration IPO is 25th June 2024.
What is Winny Immigration IPO listing date?
The Winny Immigration IPO will be listed on 27th June 2024.
Who are the book runners for Winny Immigration IPO?
Interactive Financial Services Limited is the book-running lead manager for Winny Immigration IPO.
What is the objective of Winny Immigration IPO?
Winny Immigration plans to utilize the raised capital from the IPO to:
● To fund the working expenditure requirement for Opening new offices in India and Software development.
● To repay the borrowings obtained by the company
● To fund Branding and Advertising expenses.
● General corporate purposes.
● To fund the public issue expenses.
Contact Details of Winny Immigration & Education Services IPO
Contact Information
Winny Immigration and Education Services Ltd
103-104, ATP Arcade, Above Mr. Bean's Coffee Shop,
Nr. National Handloom House,
Law Garden, Ahmedabad- 380006
Phone: 079-61906190
Email: compliance@winnyimmigration.com
Website: https://winnyimmigration.com/
Winny Immigration & Education Services IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Winny Immigration & Education Services IPO Lead Manager
Interactive Financial Services Ltd
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