Winny Immigration IPO: Review, Valuation, Opening Date & GMP

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.

• 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:

• Setting up new offices in India.

• Software development.

• Payments of loans, promotion, and advertisement.

• Corporate Purpose.

• 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

• The staff is experienced and knowledgeable.

• Modification Expertise.

• Technical convergence.

• A variety of services under one roof.

• Straightforward and clear terms.

 

IPO’s Weaknesses

• The organization does not own an officially recognized office space.

• All of its branch offices are leased or rented.

• The issue aims to raise Rs.287.81 lacs in cash to fund the company's software development efforts.

• The company's promoter has postponed payments on the credit card and the property loan.

• The business additionally works on an affiliate model.

• 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.

• 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

• 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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