Strong Demand for Winsol Engineers IPO; Allotment Status Expected Today

Winsol Engineers, a company specializing in BoP Solutions for solar and wind power generation, witnessed a massive response to its Initial Public Offering (IPO). The IPO was open for subscription from May 6 to May 9, with the allotment status set to be finalized today.

Investors eagerly await news of the allotment to determine the number of shares they have been assigned. Winsol Engineers has engaged Kfin Technologies as the registrar for the IPO.

Shares of Winsol Engineers are expected to be credited to successful bidders on May 13. Investors awaiting refunds for rejected bids can expect those on the same day.

To check the Winsol Engineers IPO allotment status online, investors can visit the official website of the NSE or Kfin Technologies. By entering relevant information, such as application number, Demat account details, or PAN, investors can check their allotment status.

The IPO of Winsol Engineers, which was worth Rs 23.36 crore, saw overwhelming demand from investors. It received 682.14 times subscription, with bids coming in for 141.44 crore equity shares against the 20.73 lakh shares offered.

Beeline Capital Advisors Pvt Ltd served as the book running lead manager for the Winsol Engineers IPO, while Spread X Securities was the market maker.

Winsol Engineers experienced a revenue surge of 7.64% in FY23, demonstrating its growth trajectory. The company focuses on providing integrated engineering services for BoP Solutions, offering construction services for solar and wind power generation companies.

With a strong interest from investors and a robust grey market premium, Winsol Engineers looks set to make a significant market debut. Those involved in the IPO will be closely monitoring the listing on NSE SME, currently anticipated for May 14.