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Winsol Engineers Limited

Winsol Engineers Limited

Winsol Engineers Limited is a leading provider of renewable energy solutions limited.

About Company

Winsol Engineering Limited: Pioneering Sustainable Energy Solutions


Winsol Engineering Limited, a name synonymous with sustainable energy solutions, has been making waves in the renewable energy sector since its inception. Established with a vision to harness the power of science for unparalleled performance of natural resources, Winsol Engineering is dedicated to building a future where energy sustenance is a reality for the next generation.


Expanding Horizons


With a thriving presence in India, Winsol Engineering has executed many Balance of Plant ("BoP") solutions across various states, completing numerous projects that stand as a testament to their expertise and commitment to renewable energy. The company's portfolio is a showcase of their capability to lead the way in sustainable energy, with a client base that spans an eclectic mix of industries and sectors.


IPO: A New Chapter


Recently, Winsol Engineering Limited announced its Initial Public Offering (IPO), marking a significant milestone in its journey. The IPO, which opened for subscription on May 6, 2024, and closed on May 9, 2024, was a fresh issue of 31.15 lakh shares, aggregating to INR 23.36 crores. The price band was set at INR 71 to INR 75 per share, with a minimum lot size of 1600 shares, making it accessible for retail investors at INR 120,000 and for High Net-worth Individuals (HNIs) at INR 240,000.


Integrated Solutions for a Greener Tomorrow


Incorporated in December 2015, Winsol Engineers Limited has carved a niche for itself by providing integrated engineering, procurement, construction, and commissioning services for BoP solutions for both solar and wind power generation firms. Their approach is holistic, ensuring that every aspect of the project, from inception to completion, aligns with the highest standards of quality and sustainability.


The Future of Renewable Energy


As the world gravitates towards renewable sources of energy, companies like Winsol Engineering Limited play a pivotal role in the transition. With their innovative solutions and unwavering dedication to the cause, they are not just a company but a movement towards a cleaner, greener, and more sustainable future.


For more information on Winsol Engineering Limited and their services, you can visit their official website or contact them directly at their office in Jamnagar, Gujarat.


Winsol Engineering Limited is more than just a company; it's a beacon of hope for a world in dire need of sustainable energy solutions. As they continue to expand their horizons and break new ground, they remain a company to watch in the renewable energy sector.


Winsol Engineers Limited

Company Financials

Winsol Engineers Limited

IPO Timeline (Tentative Timetable)

IPO Announcement


Winsol Engineers Limited announced its intention to go public, a strategic move aimed at raising capital to bolster its growth and market presence. The announcement was met with considerable interest from potential investors, given the company's strong foothold in the BoP solutions for both solar and wind power generation firms.


IPO Timeline


The IPO timeline was officially set, with the issue opening on May 6, 2024, and closing on May 9, 2024. The price band for the IPO was determined to be INR 71 to INR 75 per share, with a total issue size aggregating up to INR 23.36 crores. The company offered a fresh issue of 31.15 lakh shares, with the IPO structured as a book-built issue.


Subscription Period

During the subscription period, investors showed keen interest, with bids pouring in for the shares on offer. The IPO was structured to accommodate various investor categories, including Qualified Institutional Buyers ("QIBs"), Retail Individual Investors ("RIIs"), and Non-Institutional Investors ("NIIs"), with specific portions of the issue reserved for each category.


Allotment and Refunds


Post the closure of the subscription period, the basis of allotment will be finalized on May 10, 2024. Following this, the initiation of refunds for unsuccessful bidders will be carried out on May 13, 2024, ensuring a smooth transition towards the final stages of the IPO process.


Credit of Shares and Listing

The credit of shares to successful investors' Demat accounts will be completed on May 13, 2024, setting the stage for the much-anticipated listing. Winsol Engineers Limited's shares are slated for listing on the NSE SME platform on May 14, 2024, marking the culmination of the IPO journey and the beginning of a new chapter for the company as a publicly-traded entity.

Winsol Engineers Limited

IPO Details

Competitive Strength

The Competitive Edge of Winsol Engineering Limited


Winsol Engineering Limited ("WEL") has established itself as a formidable player in the engineering, procurement, construction, and commissioning ("EPCC") sector, particularly within the renewable energy industry. The company's competitive strengths are rooted in its comprehensive approach to providing Balance of Plant (BoP) Solutions for both solar and wind power generation firms. Here's a detailed look at the factors that contribute to WEL's competitive edge in the market.


Experienced Promoters and Management Team

At the helm of WEL's operations is a team of seasoned promoters and a management team whose extensive experience in the renewable energy sector has been pivotal to the company's success. This leadership has not only steered the company through various industry cycles but has also been instrumental in forging long-standing relationships with key players in the renewable energy sector.


End-to-End Execution Capabilities

WEL prides itself on its end-to-end execution capabilities. From the initial stages of project conceptualization to the final stages of commissioning, WEL has the expertise and the resources to manage all aspects of BoP solutions. This turnkey approach ensures that projects are delivered on time and within budget, which is a significant advantage in an industry where time is often of the essence.


Optimal Utilization of Resources

Efficient utilization of resources is another cornerstone of WEL's competitive strength. By optimizing the use of both human and material resources, WEL maximizes effectiveness and minimizes waste. This not only leads to cost savings but also enhances the company's reputation for delivering projects that adhere to the highest standards of quality and sustainability.


Strong Order Book and Financial Performance

WEL's financial performance has been robust, marked by a quantum jump in its bottom lines from FY23 onward, thanks to its prudent cost management plans. As of the filing of its offer document, WEL boasts an impressive order book of approximately INR 98+ crore, indicative of the company's strong market position and the trust it has garnered from its clients.


Certifications and Compliance

WEL's commitment to quality is further underscored by its ISO certifications, which include ISO-9001-2015, ISO-14001-2015, and ISO-45001-2018. These certifications are a testament to the company's adherence to international standards in quality management, environmental management, and occupational health and safety.


Client Relationships and Market Presence

The company has nurtured enduring relationships with its clientele, which includes prominent names like Suzlon, Adani Green Energy, Powerica Limited, and KP Energy Limited. These relationships are built on a foundation of trust, reliability, and WEL's ability to deliver comprehensive solutions that meet the unique needs of each client.


Conclusion

Winsol Engineering Limited's competitive strengths lie in its experienced leadership, comprehensive service offerings, resource optimization, strong financials, adherence to quality standards, and solid client relationships. These factors collectively position WEL as a leader in the EPCC sector for renewable energy, poised for continued growth and success in the years to come.


For more information on Winsol Engineering Limited and its services, interested parties can refer to the detailed IPO review and analysis available on various financial platforms.

Company's Past Financial Performance

Analyzing the Financial Trajectory of Winsol Engineers Limited: A Three-Year Overview


Winsol Engineers Limited, a company recognized for its comprehensive engineering, procurement, construction, and commissioning services, has demonstrated a remarkable financial performance over the past three years. The company's journey, especially in terms of revenue and profit, reflects its strategic growth and market resilience.


Revenue Growth: A Steady Ascent

The financial year ending March 31, 2021, marked a pivotal point for Winsol Engineers Limited with a total revenue of INR 22.25 crore. This period was crucial as it set the foundation for subsequent growth. The following year, the company saw a significant increase, with revenues climbing to INR 60.80 crore, indicating a strategic expansion in operations and market reach.


The upward trajectory continued into the financial year ending March 31, 2023, with revenues further rising to INR 65.45 crore. This consistent growth can be attributed to the company's robust business model and its ability to adapt to market dynamics.


Profitability: A Remarkable Surge

The profit margins of Winsol Engineers Limited have been equally impressive. From a net profit of INR 0.49 crore in FY21, the company witnessed a substantial leap to INR 1.09 crore in FY22. This more than double increase in profits underscores the company's operational efficiency and cost management strategies.


The most notable surge came in the financial year ending March 31, 2023, where the profit after tax (PAT) soared by an astonishing 377.66%, reaching INR 5.18 crore. Such a dramatic rise in profitability highlights the company's strong financial discipline and its focus on high-margin projects.


Recent Performance and IPO Insights

As of December 31, 2023, Winsol Engineers Limited reported a revenue of INR 5,202.28 lakhs and a profit after tax of INR 677.26 lakhs. These figures not only consolidate the company's financial health but also showcase its ability to sustain profitability in a dynamic economic environment.


The company's recent decision to go public through an IPO, with a price band set at INR 71 to INR 75 per share, reflects confidence in its financial stability and future growth prospects. The IPO details reveal a fresh issue of 31.15 lakh shares, aggregating up to INR 23.36 crores, which is expected to further bolster the company's market position.


Conclusion: A Promising Outlook


Winsol Engineers Limited's financial performance over the past three years paints a picture of a company on the rise. With steady revenue growth and a remarkable increase in profitability, the company stands as a testament to strategic planning and execution. The successful IPO venture is likely to open new avenues for growth, making Winsol Engineers Limited a noteworthy player in the engineering and construction sector.

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