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Winny Immigration & Education Services IPO

  • Status: Closed
  • RHP:
  • ₹ 140,000 / 1000 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    27 Jun 2024

  • Listing Price

    ₹ 240.00

  • Listing Change

    71.43%

  • Last Traded Price

    ₹ 306.00

IPO Details

  • Open Date

    20 Jun 2024

  • Close Date

    24 Jun 2024

  • IPO Price Range

    ₹ 140

  • IPO Size

    ₹ 9.13 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    27 Jun 2024

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Winny Immigration & Education Services IPO Subscription Status

Last Updated: 05 July 2024 10:33 AM by 5Paisa

Last Updated: 24th June, 2024 by 5paisa

Winny Immigration and Education Services IPO is all set to open from 20th June to 24th June 2024. The company operates a visa consultancy business. The IPO includes a fresh issue of 652,000 shares worth ₹9.13 cr. The share allotment date is 25th June 2024, and the IPO will be listed on 27th June 2024 on the stock exchanges. The price band is ₹140 and the lot size is 1000 shares.    

Interactive Financial Services Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar. 

Objectives of Winny Immigration and Education IPO

Winny Immigration and Education Services Limited plans to utilize the raised capital from the IPO to:

●    To fund the working expenditure requirement for Opening new offices in India and Software development.
●    To repay the borrowings obtained by the company
●    To fund Branding and Advertising expenses. 
●    General corporate purposes.
●    To fund the public issue expenses. 

Winny Immigration and Education Services operates a visa consultancy business. It helps individuals with visas for study, travel, work, business and migration purposes for countries like the USA, Canada, Australia, New Zealand, the UK and Europe. It has 12 offices with a staff of over 100 professionals. 

Its business verticals include: i) Training for Language Proficiency Examinations ii) Consulting and processing a range of Temporary Residence Visas. iii) Consulting and processing Permanent Residency Visas.

Peer Comparison

●    No listed peers. 
 

For More Information:
Webstory on Winny Immigration IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue from operations 10.80 11.77 9.98
EBITDA 0.98 2.45 1.96
PAT 0.39 1.44 1.27
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 5.42 5.41 2.76
Share Capital 1.51 0.03 0.03
Total Borrowings 3.12 3.50 2.29
Particulars (in Rs. Crores) FY24 FY23 FY22
Net cash generated from / (used in) operating activities 0.74 0.05 1.20
Net cash from / (used in) investing activities 0.16 -0.85 -0.042
Net cash flow from / (used in) financing activities -0.44 0.80 -1.06
Net increase (decrease) in cash and cash equivalents 0.46 0.0051 0.10


Strengths

1.    The company offers individualized advice and guidance tailored to each client. 
2.    It has a well-equipped infrastructure.
3.    From training to consultation and application processing to reaching the final destination, the company offers all visa-related services. 
4.    Clear and Transparent Terms are a big plus. 
5.    Experienced promoters and management team.
 

Risks

1.    The company is highly dependent on the Canada Immigration Revenue. 
2.    Changes in the foreign policy on VISA and Immigration may affect the business adversely.
3.    The major source of revenue is generated from the state of Gujarat.
4.    It operates in a competitive environment.
5.    It has reported negative cash flow in the past. 
 

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FAQs

Winny Immigration IPO opens from 20th June to 24th June 2024.
 

The size of Winny Immigration IPO is ₹9.13 cr. 
 

To apply for Winny Immigration IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for Winny Immigration IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The price band of Winny Immigration IPO is fixed at ₹140 per share. 
 

The minimum lot size of Winny Immigration IPO is 1000 shares and the investment required is ₹1,40,000.
 

The share allotment date of Winny Immigration IPO is 25th June 2024.
 

The Winny Immigration IPO will be listed on 27th June 2024.
 

Interactive Financial Services Limited is the book-running lead manager for Winny Immigration IPO.
 

Winny Immigration plans to utilize the raised capital from the IPO to:

●    To fund the working expenditure requirement for Opening new offices in India and Software development.
●    To repay the borrowings obtained by the company
●    To fund Branding and Advertising expenses. 
●    General corporate purposes.
●    To fund the public issue expenses.