IPO Details

Bidding Dates

20 Jun '24 - 24 Jun '24

Minimum Investment

₹140,000/1 Lot ( 1000 Shares )

Price Range

₹140

Maximum Investment

₹140,000/1 Lot ( 1000 Shares )

Retail Discount

Not Applicable

Issue Size

₹9.13 Cr

Investor category and sub category

Qualified Institutional Buyers  |   Retail Individual Investors  |   Non-institutional Investors  |   Eligible Employees and Eligible Shareholders  |  

IPO Dates

Important dates with respect to IPO allotment and listing

Opening Date

Jun 20, 2024

Closing Date

Jun 24, 2024

Allotment Date

Jun 25, 2024

Initiation of Refunds

Jun 26, 2024

Credit of Shares to Demat

Jun 26, 2024

Listing Date

Jun 27, 2024

Cut-off time for UPI mandate confirmation

Jun 24, 2024

About Winny Immigration and Education Services Limited

Winny Immigration and Education Services Limited specialises in visa consultancy, offering comprehensive assistance for study, travel, work, business, and migration purposes. As global connectivity increases, the demand for skilled professionals, students, and travelers crossing borders has surged. Winny has capitalised on this trend by providing expert guidance through the complex visa application process.

With decades of experience and a network of 12 strategically located offices, Winny boasts a dedicated team of over 100 professionals. The company has successfully helped thousands of clients navigate intricate immigration and visa procedures, playing a pivotal role in facilitating global mobility and connecting individuals with international opportunities.

Winny's services include training for language proficiency tests such as IELTS, CELPIP, PTE, and TOEFL. Experienced faculty members provide both classroom and online sessions, along with comprehensive study materials, interactive workshops, and mock tests to help students improve their proficiency.

For those seeking temporary residence visas (TRV), Winny assists clients in planning and applying for these visas, which allow individuals to stay temporarily in a foreign country for purposes such as tourism, work, or study. The company's expertise ensures clients meet eligibility criteria and navigate seasonal considerations effectively.

Permanent residence visas (PRV) are another key service offered by Winny. These visas enable individuals to establish long-term or permanent residence in a foreign country. Winny provides detailed guidance on the PRV process, including understanding points-based systems, documentation requirements, and strategic planning to maximise the chances of a successful application.

The visa application process typically involves determining the type of visa needed, checking eligibility, completing online application forms, gathering required documents, paying fees, scheduling appointments, providing biometric data, attending interviews, and receiving visa decisions. Winny supports clients throughout each step of this process, ensuring they are well-prepared and informed.

Winny's strengths lie in its experienced and knowledgeable team, customisation expertise, integration of technology, comprehensive range of services under one roof, and clear and transparent terms. This holistic approach ensures a smooth and successful visa application experience for clients, making Winny a trusted name in the immigration and education consultancy industry.

Industry Outlook:

  1. India's service exports reached US$164.89 billion in the first half of 2023-24, boosting overall exports to US$376.29 billion. This rise in exports and global interactions increases the demand for professionals to travel and work abroad. Winny can offer specialised services for business visas, and work permits to help clients seize these international opportunities.
  2. More Indians are traveling abroad for education, work, and tourism, driven by improved passport and consular services. The robust growth of the Indian economy and the service sector provides more opportunities for migration. Winny can meet this demand by offering tailored visa and immigration services.
  3. Since 2014, the Indian government has reformed passport issuance and consular services, making it easier and faster for citizens to travel abroad. This streamlining allows Winny to assist clients in obtaining travel documents efficiently, aligning with their mission of providing smooth and hassle-free immigration experiences.

Winny Immigration and Education Services Limited IPO (Winny Immigration IPO) Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. The company aims to expand its presence in India by establishing new offices, with an estimated allocation of ₹96.96 lakh.
  2. To enhance technological capabilities, the company plans to invest ₹287.81 lakh in software development.
  3.  A portion of the funds, amounting to ₹159.00 lakh, will be utilised to repay existing debts, thereby reducing financial liabilities.
  4. The company intends to allocate ₹100.00 lakh towards strengthening its brand and increasing market visibility through advertising campaigns.
  5. An estimated ₹199.03 lakh will be dedicated to supporting overall business operations and miscellaneous expenses.

Peer Details

According to DRHP, Winny Immigration and Education Services Limited does not have any peer group company for comparison.

How to Check the Allotment Status of the Winny Immigration and Education Services Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the individual order details page of the IPO that you had applied for. 
  • Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email, and SMS.

Contact Details of Winny Immigration and Education Services Limited 

Registered office: 103-104, ATP Arcade, Above Mr. Bean's Coffee Shop, Nr.National Handloom House, Law Garden, Ahmedabad, Gujarat, India, 380006

Email:  compliance@winnyimmigration.com

Phone: 079-61906190

IPO Financials

Particulars Year ending on 31st March, 2024 Year ending on March 31, 2023 Year ending on March 31, 2022
Revenue from Operations (in ₹ lakh) 1,080.69 1,177.38 998.81
Profit After Tax (PAT) (in ₹ lakh) 39.27 144.71 127.63
Cash & Cash Equivalents (in ₹ lakh) 104.49 57.78 57.27
Return on Net Worth (%) 17.02 75.58 273.00
Earnings Per Share (“EPS”) (%) 2.59 9.53 8.41
EBDITA (in ₹ lakh) 98.45 245.76 196.72
Return On Capital Employed (%) 15.74 51.64 114.93
Total Borrowing (in ₹ lakh) 206.84 232.02 127.91

Know before investing

Strengths

5
  1. Winny's experienced team ensures successful visa procedures

  2. Tailored guidance at Winny meets each client's unique needs.

  3. Advanced technology at Winny enhances client interaction.

  4. Comprehensive services under one roof at Winny.

  5. Strategic partnerships and expanding branches boost Winny's market reach.

Risks

5
  1. Winny Immigration lacks an owned office and relies on leased premises for operations.

  2. High dependency on Canadian immigration revenue, susceptible to policy changes.

  3. Funds for software development are risky if not delivered as planned.

  4. The promoter's credit history includes delays, impacting company's financial health.

  5. The franchise model expands but risks inconsistent standards and brand impact.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Winny Immigration and Education Services IPO (Winny Immigration IPO) FAQs

What is Winny Immigration and Education Services Limited's IPO?

Winny Immigration and Education Services Limited IPO is a fixed price issue . The IPO will be open from June 20, 2024, to June 24, 2024.

When will Winny Immigration and Education Services Limited's IPO be allotted?

The Basis of Allotment will happen on Tuesday, June 25, 2024.

When will Winny Immigration and Education Services Limited's IPO open for subscription?

The IPO subscription window will open on June 20, 2024.

What minimum lot size can retail investors subscribe to?

The lot size for Winny Immigration and Education Services Limited’s IPO is 1 lot of 1000 shares, with a minimum investment of ₹1,40,000.

When will Winny Immigration and Education Services Limited list on exchanges?

The listing date for Winny Immigration and Education Services Limited is Thursday, June 27, 2024.

How do I check the allotment status of the Winny Immigration and Education Services Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the individual order details page of the IPO that you had applied for.
  • Check the IPO allotment status as such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.

What would be the listing gains on the Winny Immigration and Education Services Limited IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

I have finished the application process for the Winny Immigration and Education Services Limited IPO, but the funds still need to be debited. What is the reason?

Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.

How do I approve the UPI mandate request for Winny Immigration and Education Services Limited IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Winny Immigration and Education Services Limited using one PAN?

You can submit only one application using your PAN card.