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Winny Immigration IPO: Review, Valuation, Opening Date & GMP
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Table of Contents
- Winny Immigration IPO: Complete Overview
- Winny Immigration IPO Overview
- Company Financial
- The Objective of the Issue
- Peers of Winny Immigration LTD IPO
- Evaluation
- IPO's Strengths
- IPO’s Weaknesses
- IPO GMP Today
- Promoters and Management of Winny Immigration IPO
- Winny Immigration IPO Lead Managers
- Dividend Policy
- Conclusion
Winny Immigration IPO: Complete Overview
Winny Immigration And Education Services ("WINNY") specializes in visa advice. They offer support (service) to persons for study, travel, work, business, and migration.
The company founded in 2008, is largely in the visa consultancy sector. The corporation assists persons with study, travel, work, business, and migration objectives.
Thousands of clients have benefited from the company's immigration and visa consulting services. With decades of experience and a network of 12 strategically positioned offices, they have successfully led numerous clients through these difficult procedures.
Winny provides visa information, immigration aid, and documentation services. The company offers consulting on the following services:
1. Training for Language Proficiency Exams.
2. A variety of temporary residency visas are processed and consultation is provided.
3. Consultation and processing of permanent residency visas.
The company operates 12 offices in Gujarat, Maharashtra, and Delhi, including branches, franchisees, and a virtual office in Canada.
As of March 31, 2024, the company employed approximately 145 people at various levels within the organization.
Dear readers today we are ready with details of Winny Immigration-IPO.
The company is all set to offer its IPO on June 20, 2024. Let's see this IPO's offerings in detail below.
Winny Immigration IPO Overview
Winny Immigration IPO is an SME IPO that has a Fixed Price Issue of 9.13 crores. It is a totally fresh issue of 6.52 lakh shares valued up to Rs.9.13 crore. The IPO will be available to investors on June 20, 2024, and will conclude on June 24, 2024. The proposed listing date for the IPO is Thursday, June 27, 2024, and it will take place on the NSE and SME. Each share is priced at Rs.140.
Company Financial
Below is the synopsis of Winny Immigration IPO's financial data for the financial year that concluded on 31 March 2023.
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The company's revenue or turnover is Rs.1 crore - 100 crore.
-
The net worth of the company has increased by 197.71%.
-
The company's EBITDA has decreased by 6.66%.
-
The company's total assets have gone up by 97.59%.
-
The company's liabilities have gained by 35.65%.
(Amount in Lacs)
Period |
31 Mar 2024 |
31 Mar 2023 |
31 Mar 2022 |
Total Assets |
542.84 |
541.93 |
276.26 |
Total Revenue |
1,102.12 |
1,197.91 |
1,004.07 |
PAT |
39.27 |
144.71 |
127.63 |
Net worth |
230.72 |
191.46 |
46.75 |
Reserve & Surplus |
78.92 |
188.16 |
43.45 |
Total Borrowings |
206.84 |
232.02 |
127.91 |
Revenue Bifurcation
The following table shows the facts offered in various firm activities. Let's take a look at it to gain a better idea of the company's success.
(Amount in Lacs)
Cash flow in various Activities |
31 October 2023 |
31 March 2023 |
Cash Flow from Operating Activities |
53.81 |
5.20 |
Cash Flow from Investing Activities |
9.89 |
85.03 |
Cash Flow from Financing Activities |
72.85 |
80.34 |
The Objective of the Issue
The company desires to use the Net Proceeds from the Issue to fulfill:
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Setting up new offices in India.
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Software development.
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Payments of loans, promotion, and advertisement.
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Corporate Purpose.
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Funding general expenditures.
Peers of Winny Immigration LTD IPO
The company doesn't have any listed peers in its category.
Evaluation
Each share in the IPO is priced at Rs. 140.
Evaluation of P/E Ratio
The IPO's P/E ratio is not provided.
Comparative Analysis with Listed Peers
The company doesn’t have any listed peers.
IPO's Strengths
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The staff is experienced and knowledgeable.
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Modification Expertise.
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Technical convergence.
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A variety of services under one roof.
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Straightforward and clear terms.
IPO’s Weaknesses
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The organization does not own an officially recognized office space.
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All of its branch offices are leased or rented.
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The issue aims to raise Rs.287.81 lacs in cash to fund the company's software development efforts.
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The company's promoter has postponed payments on the credit card and the property loan.
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The business additionally works on an affiliate model.
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The learning resources for IELTS, CELPIP, PTE, and TOFEL that the company creates for our students could be copied, leading to a negative impact on the business's activities and services.
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The corporation is largely dependent on the Canada Immigration Revenue in comparison to other nations, which might be affected by legislative changes and established policies.
IPO GMP Today
The Latest GMP of Winny Immigration is Rs. 77.
Winny Immigration IPO Timetable (Tentative)
The IPO is scheduled from June 20 to June 24, 2024, with allotment on June 25, refund initiation on June 26, and listing on June 27, 2024.
Events |
Date |
IPO Opening Date |
June 20, 2024 |
IPO Closing Date |
June 24, 2024 |
IPO Allotment Date |
June 25, 2024 |
Refund initiation |
June 26, 2024 |
IPO Listing Date |
June 27, 2024 |
Winny Immigration IPO Details
Winny Immigration and Education Services Ltd IPO with a face value of Rs.10 per share is set to start on June 20 and close on 24 June and will offer a total issue size of 652,000 shares (aggregating up to Rs.9.13 Cr).
IPO Opening & Closing Date |
June 20, 2024 to June 24, 2024 |
Face Value |
Rs.10 per share |
Issue Price |
Rs.140 |
Lot Size |
1000 Shares |
Price of 1 lot |
Rs. 140000 |
Issue Size |
652,000 shares (aggregating up to Rs.9.13 Cr). |
Offer for sale |
- |
Fresh Issue |
652,000 shares (aggregating up to Rs.9.13 Cr). |
Listing at |
NSE, SME |
Issue Type |
Fixed Price Issue IPO |
Registrar |
Bigshare Services Pvt Ltd |
Winny Immigration IPO Lot Details
This IPO allows retail investors to invest in a minimum and maximum of 1 lot (1000 shares) at Rs.140000 while for HNI investors, the minimum lot is 2 (2000 shares) at Rs.280000.
Minimum Lot Investment (Retail) |
1 lot |
Maximum Lot Investment (Retail) |
1 lot |
HNI (Min) |
2 lot |
Winny Immigration IPO Reservation
Other’s Share Portion |
50% |
Retail Investors’ Share Portion |
50% |
Promoters and Management of Winny Immigration IPO
-
Mr. Jignesh Patel
Pre-issue Promoter shareholding |
83.63% |
Pre-issue Promoter shareholding |
58.51% |
Winny Immigration IPO Lead Managers
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Interactive Financial Services Ltd
Dividend Policy
Since its establishment, the company has not paid any dividends.
Conclusion
The company has noticed the growth in its net revenue, and total assets in the previous Financial Year(s). To achieve its goals, the company is currently launching an initial public offering to the general public.
Hope the information presented in this blog will help you in letting you know about the company’s financial performance.
We believe this blog would be very beneficial to you if you are looking for such information related to this upcoming IPO since this blog would provide you with accurate information about the company's, insights, financials, and past performance. If the information and figures presented in this blog match your interest, you might be interested in reading our other related useful blogs on our website.
Finowings IPO Analysis
Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
You must consult your financial advisor before making any financial decisions.
To Apply for the IPO, Click Here.
To Read the Prospectus of the Company Click Here to Download the DRHP.
Disclaimer: This IPO analysis is only for informational purposes and should not be considered as investment advice. Always do your research and consult with a financial advisor.
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Frequently Asked Questions
The IPO is set to open its subscription on June 20, 2024.
The issue price of the IPO is Rs.140 for each share.
The total issue size of the IPO is up to Rs.9.13 crore
The IPO closing date is June 24, 2024.
The company desires to use the Net Proceeds from the Issue to fulfill setting up new offices in India, Software development, Payments of loans, promotion, and advertisement, Corporate Purpose, and Funding general expenditures.