WINNY IMMIGRATION & EDUCATION SERVICES IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details

Winny Immigration & Education Services Limited, is India's most trusted brand for Visa, Immigration and Travel Solutions with decades of experience. 

Winny Immigration IPO, a Fixed Price issue amounting to ₹9.13 crores, consisting entirely of a fresh issue of 6.52 lakh shares. The subscription period for the Winny Immigration IPO opens on June 20, 2024, and closes on June 24, 2024. The allotment is expected to be finalized on or about Tuesday, June 25, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Thursday, June 27, 2024.

The price of Winny Immigration IPO is set at ₹140 equity per share, with a minimum lot size of 1000 shares. Retail investors are required to invest a minimum of ₹140,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (2000 shares), amounting to ₹280,000.

INTERACTIVE FINANCIAL SERVICES LIMITED is the book-running lead manager, BIGSHARE SERVICES PRIVATE LIMITED is the registrar. AFTERTRADE BROKING PRIVATE LIMITED is the market maker for Winny Immigration IPO.

Winny Immigration IPO GMP Today

The Grey Market Premium is expected in the range of ₹0  based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Winny Immigration IPO Live Subscription Status Today

As of 06:07 PM on 21 June 2024, the Winny Immigration IPO live subscription status shows that the IPO fully subscribed on the day 1 itself. The Winny Immigration IPO subscriped  times on NSE. Check the Winny Immigration IPO Live Subscription Status Today at NSE

Winny Immigration IPO Allotment Status

Winny Immigration IPO allotment date is 25 June 2024, Wednesday. Medicamen Organics IPO Allotment will be out on 25th June 2024 and will be live on Registrar Website. Check Medicamen Organics IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Winny Immigration from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Winny Immigration & Education Services Limited

Winny Immigration Issue Proceeds from the Fresh Issue will be utilized towards the following objects :
1. Opening of new offices in India
2. Software Development
3. Repayment of Debt
4. Branding and Advertisement
5. General corporate purposes

Refer to Winny Immigration & Education Services Limited RHP for more details about the Company.

Check latest IPO Review & analysis, Live GMP today, Live Subscription Status Today, Share Price, Financial Information, latest IPO news, Upcoming IPO News before applying in the IPO.

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WINNY IMMIGRATION & EDUCATION SERVICES IPO Details

IPO Date June 20, 2024 to June 24, 2024
Listing Date June 27, 2024
Face Value ₹10
Price ₹140 per Equity Share
Lot Size 1000 Shares
Total Issue Size 652,000 EQUITY SHARES (aggregating to ₹9.13 Cr)
Fresh Issue 652,000 EQUITY SHARES (aggregating to ₹9.13 Cr)
Offer for Sale Nil
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Share holding pre issue 15,18,000
Share holding post issue 21,70,000

WINNY IMMIGRATION & EDUCATION SERVICES IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1000 ₹140,000
Retail (Max) 1 1000 ₹140,000
HNI (Min) 2 2000 ₹280,000

WINNY IMMIGRATION & EDUCATION SERVICES IPO Timeline (Tentative Schedule)

IPO Open Date Thursday, June 20, 2024
IPO Close Date Monday, June 24, 2024
Basis of Allotment Tuesday, June 25, 2024
Initiation of Refunds Wednesday, June 26, 2024
Credit of Shares to Demat Wednesday, June 26, 2024
Listing Date Thursday, June 27, 2024
Cut-off time for UPI mandate confirmation 5 PM on 24 June 2024

WINNY IMMIGRATION & EDUCATION SERVICES IPO Reservation

Investor Category Shares Offered Reservation %
Retail Shares Offered 3,09,000 50% of the Net Issue
Non-Retail Shares Offered 3,09,000 50% of the Net Issue
Market Maker Portion 34,000 -

WINNY IMMIGRATION & EDUCATION SERVICES IPO Promoter Holding

Share Holding Pre Issue 83.63%
Share Holding Post Issue 58.51%

WINNY IMMIGRATION & EDUCATION SERVICES IPO Subscription Status

Investor Category Shares Offered Shares Bid For No oF Times Subscribed

About WINNY IMMIGRATION & EDUCATION SERVICES Limited

Winny Immigration and Education Services Ltd. (popularly known as Winny) is India’s Number 1 Immigration and visa service provider dedicated to helping individual and families achieve their dreams of living, working, traveling or studying in a new country with decades of experience, 12 offices at strategic locations and a team of 290+ dedicated professionals, we have successfully assisted millions of clients in navigating the complex immigration and visa processes.

At Winny, their objective is to simplify the international journey for their clients. They understand that the immigration, visa and travel process can be overwhelming and confusing, which is why they are committed to providing expert guidance, personalized solutions, and exceptional customer service. Over the past decades, Winny has emerged as an image of reliability and class in the immigration and Visa industry. Over 78% of their clients are through word-of-mouth and references. They are humbled to witness the difference in the lives of over 6 million clients whom they have assisted across the world through their work. With a team that is focused on persistent evolution and organic growth; Winny strive to make global opportunities accessible to all, ensuring a smoother and more successful journey towards achieving their clients' international aspirations and aiming to be the leading Consultancy Firm, globally recognized for their expertise, ethics, and commitment to client success. They envision a world where borders do not limit opportunities, and they aim to play a pivotal role in making this vision a reality by offering innovative solutions and unmatched support in the field of immigration, visa and travel services.

The primary objective of their Company is to streamline the visa application process for their clients. They are providing consultancies in the below stated range of services:
1. Training for Language Proficiency Examinations
2. Consulting and processing a range of Temporary Residence Visas.
3. Consulting and processing Permanent Residency Visas.

TRAVELLERS & TOURISM FROM INDIA

India is blessed with abundant talent and skills that can be utilized in the global workplace. Our people increasingly travel abroad, whether it is in the quest for education, the search for work or the execution of services. At the same time, travellers and tourists from India have also increased, reflecting our growing interest in other countries and regions.

The Ministry of External Affairs has the responsibility for issuing Passports to Indian citizens. Indians abroad, whether on a longer-term stay or a short duration visit, are a special responsibility for the Government. It has again been the approach of the Modi Government that we must reach out to Indians in distress, however difficult the circumstances. Sometimes, this has been demonstrated dramatically through rescue and relief operations. But the day-to-day processes to assist Indians are even more important, precisely because they apply everywhere everyday. Expanding resources, reforming their application and changing the mindset and work culture of Embassies abroad have all been part of this change. The usage of digital platforms and tools to this end has been particularly notable.

India Centre for Migration (ICM)

ICM conducts research studies which entails monitoring and analysis of the trends and dynamics of international labour market. It has also been contributing towards programs for skill development and skill upgradation to facilitate employment opportunities overseas. The centre is the implementing partner representing MEA in the ongoing technical support project under the aegis of Joint Declaration on India-EU Common Agenda on Migration and Mobility (CAMM). ICM has broadened its scope by playing a pivotal role in conducting Training of Trainers (ToT) workshops and certifying Master Trainers. The trainers impart Pre-Departure Orientation (PDO) Training to migrant workers in order to ensure that workers migrate safely for overseas employment with an enhanced skill-set. In this regard the PDO resource material in the form of comprehensive manuals and handbooks in seven languages has been developed. ICM has also developed a PDO manual on Specified Skilled Workers (SSW) Scheme of Government of Japan.


WINNY IMMIGRATION & EDUCATION SERVICES LIMITED STRENGTHS & STRATEGIES

1. Experienced and Knowledgeable team
2. Customization Expertise
3. Technology Integration
4. Range of services under one Roof
5. Clear and Transparent Terms
6. Increase in Technology Integration to the Business
7. Strategic Partnerships to offer more services
8. More market penetration by increasing branch offices and franchisees

WINNY IMMIGRATION & EDUCATION SERVICES LIMITED RISK FACTORS & CONCERNS

1. Company also operates through Franchisee model.
2. The study materials for IELTS, CELPIP, PTE, TOFEL prepared by them for their students may be copied which can affect their business.
3. They are highly dependent on the Canada Immigration Revenue compared to other countries.
4. The major source of revenue is generated from the state of Gujarat.
5. Rejection of VISA by the foreign Embassy may adversely affect their Reputation.
6. They may not be able to sustain effective implementation of their business and growth strategies. 

WINNY IMMIGRATION & EDUCATION SERVICES Limited Financial Information (Restated Consolidated)

Amount in (₹ in Lakhs)

Period Ended Mar 31, 2024 Mar 31, 2023 Mar 31, 2022
Reserve of Surplus 78.92 188.16 43.45
Total Assets 542.84 541.93 276.26
Total Borrowings 206.84 232.02 127
Fixed Assets 82.12 109.78 40.62
Cash 104.49 57.78 57.27
Net Borrowing 102.39 174.24 70.64
Revenue 1,080.69 1,177.38 998.81
EBITDA 98.45 245.76 196.72
PAT 39.27 144.71 127.63
EPS 2.59 9.53 8.41

Note 1:- ROCE & ROE calculation is based on 31st Mar, 2024 Data, given in RHP.
Note 2:- Pre EPS and Post EPS is based on 31st Mar, 2024 Data, given in RHP.
Note 3:- RoNW calculation is based on 31st Mar, 2024 Data, given in RHP.
Note 4:- Price to Book Value is calculated based on After completion of offer price at Cap Price.

Key Performance Indicator

KPI Values
EPS Pre IPO (Rs.) ₹2.59
EPS Post IPO (Rs.) ₹1.80
P/E Pre IPO 54.05
P/E Post IPO 77.77
ROE 18.60%
ROCE 15.74%
P/BV 2.65
Debt/Equity 0.90
RoNW 51.06%

WINNY IMMIGRATION & EDUCATION SERVICES Limited IPO Peer Comparison

Company Name EPS ROCE ROE P/E (x) P/Bv Debt/Equity RoNW (%)
Winny Immigration & Education Services Limited ₹1.80 15.74% 18.60% 77.77 2.65 0.90 51.06%
Thomas Cook (India) Ltd ₹5.50 19.0% 13.7% 42.9 5.43 0.20 19.0%
WINNY IMMIGRATION & EDUCATION SERVICES Limited Contact Details

WINNY IMMIGRATION & EDUCATION SERVICES LIMITED

103-104, ATP Arcade, Above Mr. Bean's Coffee Shop, Nr. National Handloom House, Law Garden, Ahmedabad, Gujarat, India, 380006
Contact Person : Ishita Shah
Telephone : 079-61906190
Email Id : compliance@winnyimmigration.com
Website : https://winnyimmigration.com/

WINNY IMMIGRATION & EDUCATION SERVICES IPO Registrar and Lead Manager(s)

Lead Manager : INTERACTIVE FINANCIAL SERVICES LIMITED
Contact Person : Pradip Sandhir
Telephone : 079 3521 7439
Email Id : mbd@ifinservices.in
Website : http://www.ifinservices.in/

Registrar : BIGSHARE SERVICES PRIVATE LIMITED
Contact Person : Sagar Pathare
Telephone : +91 22-62638200
Email Id : ipo@bigshareonline.com
Website https://www.bigshareonline.com/

WINNY IMMIGRATION & EDUCATION SERVICES IPO Review

WINNY IMMIGRATION is mainly in the visa consultancy business. In their company they provide assistance (Service) to individual for study, travel, work, business and migration purpose. At Winny, their objective is to simplify the international journey for their clients. Winny is backed by strong promoter named, Jignesh Patel, who has experience of more than two decades in the immigration and other visa sectors. 

Financially, Winny Immigration's revenue increased from ₹998.81 Lakhs in FY22 to ₹1,177.38 Lakhs in FY23 but decreased to ₹1,080.69 Lakhs in FY24. Similarly, EBITDA was ₹196.72 Lakhs in FY22 and increased in FY23 to ₹245.76 Lakhs but decreased to ₹98.45 Lakhs in FY24. PAT increased from ₹127.63 Lakhs in FY22 to ₹144.71 Lakhs in FY23 but fallen in FY24 to ₹39.27 Lakhs. This does not indicate steady financial performance.

For the Dindigul Farm IPO, the company is issuing shares at a pre-issue EPS of ₹2.59 and a post-issue EPS of ₹1.80. The pre-issue P/E ratio is 54.05x, while the post-issue P/E ratio is 77.77x against the Travel agencies industry P/E ratio of 63.3x. The company's ROCE for FY24 is 15.74%, and ROE for FY24 is 18.60%These metrics suggest that the IPO is fully priced.

The Grey Market Premium (GMP) indicates potential listing gains of 0. Given the company's financial performance and the valuation of the IPO, we recommend Investors to avoid the IPO for listing gains or long term Investment purposes.

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