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Home » Business » Winsol Engineers IPO Set to Open on May 6: Check Price, GMP, Quota, Lot Size

Winsol Engineers IPO Set to Open on May 6: Check Price, GMP, Quota, Lot Size

On May 10, Winsol Engineers' IPO allotment will be finalised, and its listing on the NSE SME is likely to take place on May 14.

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Winsol Engineers IPO Set to Open on May 6

Winsol Engineers IPO Set to Open on May 6: Winsol Engineers Ltd will open its initial public offering on May 6 for public subscription.

On May 9, the Rs 23.36-crore SME IPO with a price band of Rs 71-Rs 75 per share will close.

For both solar and wind power generation companies, Winsol Engineers offers integrated engineering, procurement, construction, and commissioning services.

On May 10, Winsol Engineers’ IPO allotment will be finalised, and its listing on the NSE SME is likely to take place on May 14.

In this IPO, 31.15 lakh shares are being offered at a price range of Rs 71 to Rs 75 per share.

Lot size for Winsol Engineers’ IPO

Retail investors must invest Rs 1,20,000 for a minimum lot size of 1,600 shares.

HNIs are required to invest a minimum of 2 lots (3,200 shares) amounting to Rs 2,40,000.

IPO GMP for Winsol Engineers today

In the grey market, Winsol Engineers Ltd shares are trading at Rs 95 higher than their issue price, according to market observers.

Based on the Rs 95 grey market premium, the grey market expects a listing gain of 126.67 percent.

Market sentiments determine the GMP, which keeps changing.

Grey market premiums indicate investors’ willingness to pay more than the issue price.

The book-running lead manager of the Winsol Engineers IPO is Beeline Capital Advisors Pvt Ltd, while Kfin Technologies Limited is the registrar.

Spread X Securities is the market maker for Winsol Engineers’ IPO.

Winsol Engineers IPO Quota

Qualified institutional buyers will receive 50% of the IPO, retail investors will receive 35%, and high net worth individuals and non-institutional investors (NIIs) will receive 15%.

During the financial year 2022-23, Refractory Shapes Ltd’s revenue grew 7.64 percent, and its net profit grew 377.66 percent.

Also Read: Can You Take a Loan for IPO Subscription? Find Out All the Details

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