IPO Details
Bidding Dates
20 Jun 24 - 24 Jun 24
Price Range ₹
140 - 0
Total Equity
₹ 9.13Cr
Lot Size
1000
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
20 Jun 2024
Offer end
24 Jun 2024
Allotment
25 Jun 2024
Refund initiation
26 Jun 2024
Demat transfer
26 Jun 2024
Listing
27 Jun 2024
Offer start
20 Jun 2024
Offer end
24 Jun 2024
Allotment
25 Jun 2024
Refund initiation
26 Jun 2024
Demat transfer
26 Jun 2024
Listing
27 Jun 2024
About Company
Incorporated in 2008, Winny Immigration and Education Services Ltd. specializes in visa consultancy. The company assists individuals with study, travel, work, business, and migration visas. With decades of experience, Winny has helped thousands of clients navigate immigration and visa processes. They operate 12 strategically located offices, offering expert guidance through these complex procedures. Winny provides visa guidance, immigration assistance, and documentation services. Their consultation services include: 1. Training for Language Proficiency Examinations 2. Consulting and processing various Temporary Residence Visas 3. Consulting and processing Permanent Residency Visas The company has 12 offices in Gujarat, Maharashtra, and Delhi, along with branches, franchisees, and a virtual office in Canada.
Year Founded
09-06-2008
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 83.63 | 58.51 |
| Share Capital | 1269600 | 1269600 |
Offer to Public
6,52,000.00 Cr
Project Details
- Opening of new offices in India - 9.7cr
- Repayment of Debt - 15.9cr
- General corporate purposes - 19.903cr
- Branding and Advertisement - 10cr
- Software Development - 28.78cr
Objectives
- Opening of new offices in India.Software development.Repayment of Debt.Branding and Advertisement.General Corporate Purpose.Meeting Public Issue Expenses.
Highlights
- Skilled and knowledgeable team.
- Expertise in customization.
- Seamless technology integration.
- Comprehensive range of services.
- Clear and transparent terms.
Challenges
- The company leases all its branch office premises and does not own a registered office.
- The company aims to raise Rs. 97.00 Lakhs to open new branches across India and Rs. 287.81 Lakhs for software development.
- The promoter has a history of delayed payments on credit card and property loans.
- The company operates through a franchise model and may face business risks if study materials for IELTS, CELPIP, PTE, and TOEFL are copied.
- The company relies heavily on revenue from Canada immigration services, making it vulnerable to regulatory changes by the Canadian government.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2024 | 523.27 | 151.80 | 144.69 | 144.69 | 9.5316 |
| 2022 | 261.15 | 3.30 | 80.92 | 80.92 | 5.3307 |
| 2021 | 195.06 | 3.30 | 39.27 | 39.27 | 2.587 |
| 2023 | 524.13 | 3.30 | 127.63 | 127.63 | 8.4078 |
