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Winny Immigration and Education Services Ltd IPO Review: Winny Immigration and Education Services Limited is launching an IPO with a fresh issue of 6,52,000 shares valued INR 9.13 crores. The company’s goals include expanding in India, developing software, repaying debt, branding, advertising, and pursuing overall corporate objectives.
Winny Immigration and Education Services Ltd IPO – Important Dates
| Winny Immigration & Education Services Limited IPO Date | June 20, 2024 to June 24, 2024 |
| Winny Immigration & Education Services Limited IPO Listing Date | June 27, 2024 |
| Winny Immigration & Education Services Limited IPO Price | INR 140 per share |
| Winny Immigration & Education Services Limited IPO Lot Size | 1000 shares |
| Winny Immigration & Education Services Limited IPO Total Issue Size | INR 9.13 crores |
| Winny Immigration & Education Services Limited IPO Basis of Allotment | June 25, 2024 |
| Winny Immigration & Education Services Limited IPO Initiation of Refunds | June 26, 2024 |
| Winny Immigration & Education Services Limited IPO Credit of Shares to Demat | June 26, 2024 |
| Winny Immigration & Education Services Limited IPO Issue Type | Fixed Price Issue IPO |
| Winny Immigration & Education Services Limited IPO Listing At | NSE, SME |
Winny Immigration And Education Services Ltd IPO – Company Profile
Winny Immigration and Education Services Limited promotes worldwide mobility by offering visa consulting, immigration aid, and documentation services. With its professional team and vast network, it effectively leads clients through challenging procedures.
With a focus on speeding visa applications, the organization provides language proficiency training, temporary residence visa consultation, and permanent residency visa processing to help clients navigate immigration procedures.
Their experienced team offers end-to-end services for clients moving to the United States, Canada, Australia, New Zealand, the United Kingdom, and Europe, ensuring transparency and help from English proficiency coaching to post-landing support, including temporary housing arrangements. The managing director of the company is Mr. Jignesh Patel.
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Winny Immigration and Education Services Ltd IPO Fundamental Analysis
Winny Immigration & Education Services Limited Technologies’ fundamental analysis shows mixed results. Revenue rose initially but fell in March 2024. Equity increased steadily, lowering debt reliance. Profitability has dropped, creating investor concerns. EPS and RoNW decreased, indicating lesser earnings and returns.
- Revenue Trend: The revenue rose from ₹998.81 lakhs in March 2022 to ₹1,177.38 lakhs in March 2023. The current year’s income for the 12 months ending March 2024 is INR 1,080.69 lakhs.
- Equity and Liabilities: Equity has consistently increased over time, indicating potential growth and expansion. However, the debt-equity ratio has fallen, indicating a lower reliance on debt financing.
- Profitability: The profit after tax (PAT) declined from ₹127.63 lakhs in March 2022 to ₹39.27 lakhs in March 2024. The drop in profitability may cause alarm among investors.
- Earnings per Share (EPS): The diluted EPS decreased from ₹8.41 in March 2022 to ₹2.59 in March 2024, indicating lower earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has decreased from 273.00% to 17.02%, suggesting a decline in the company’s capacity to create returns on shareholder equity.
- Financial Position: The RoNW has decreased from 273.00% to 17.02%, suggesting a decline in the company’s capacity to create returns on shareholder equity.
Winny Immigration and Education Services Ltd IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 March 2024 |
| Revenue (₹ in lakhs) | 998.81 | 1,177.38 | 1,080.69 |
| Equity (₹ in lakhs) | 46.75 | 191.46 | 230.72 |
| Expenses (₹ in lakhs) | 832.96 | 1,004.40 | 1049.61 |
| Profit and Loss After Tax (₹ in lakhs) | 127.63 | 144.71 | 39.27 |
| Diluted EPS only (₹) | 8.41 | 9.53 | 2.59 |
| Return on Net Worth (%) | 273.00 | 75.58 | 17.02 |
| NAV per Equity Share (₹) | 141.67 | 580.17 | 15.20 |
| Total Assets (in lakhs) | 276.26 | 541.93 | 542.84 |
| Total Liabilities (in lakhs) | 229.51 | 350.47 | 312.12 |
| Debt Equity Ratio | 2.74 | 1.21 | 0.90 |
| Current Ratio (in times) | 0.87 | 1.34 | 1.51 |
Winny Immigration and Education Services Ltd IPO Peer Comparison
Winny Immigration and Education Services Limited has no peer group company for comparison with Industry Peers.
Winny Immigration and Education Services Ltd IPO Objectives
Winny Immigration and Education Services Limited’s major goal is to grow offices, develop software, repay debt, and improve branding through advertising.
- Opening Of New Offices in India: The company expects to invest INR 0.97 crores over two years to develop branches utilizing a light asset model, largely renting space, in line with its expansion horizon and cost-effective strategy.
- Software Development: The company intends to invest INR 1.72 crores in FY 2024-25 and INR 1.16 crores in FY 2025-26 to create in-house software such as a CRM and workflow system for staff, as well as a customer portal for real-time tracking and communication.
- Repayment of Loan: As of January 31, 2024, the company’s total outstanding loan is INR 2.07 crores. This includes automobile loans from HDFC Bank Limited and Daimler Financial Services India Private Limited, as well as corporate financing and overdrafts from Kotak Mahindra Bank Limited.
- Advertising and Business Promotion: As of January 31, 2024, the company’s total outstanding loan was INR 2.07 crore. HDFC Bank Limited and Daimler Financial Services India Private Limited offer vehicle loans, while Kotak Mahindra Bank Limited provides corporate financing and overdrafts.
- General Corporate Purposes: The INR 1.99 crore balance money will be used for general corporate aims such as financing working capital requirements, capital expenditure, purchasing business premises, dealing with challenges, and other uses as judged essential.
Winny Immigration IPO Risks And Challenges
Winny Immigration and Education Services Limited faces risks such as lease renewal uncertainty and software development failure, which could interrupt operations, cause client loss, and have an impact on profitability and brand image.
- The company has leased space from the promoter’s relatives for three years. Uncertainty over renewal may disrupt operations, resulting in customer loss, business interruption, and time overruns, as well as affecting profitability and brand image.
- Branch offices in Vadodara, Mumbai, Pune, New Delhi, Rajkot, Anand, and Surat are rented under Leave and License agreements. Uncertain renewals may disrupt operations, resulting in customer loss, business interruption, time overruns, and a negative brand image.
- The company intends to raise INR 2.88 crores to build an internal CRM, workflow system, and customer site. Failure to build software may result in financial loss, hurting the company’s profitability and position.
Winny Immigration and Education Services Limited IPO – Industry & Market Potential
The Indian Ministry of External Affairs focuses on easing passport issuance and consular services for citizens both domestically and overseas. Reforms include additional application centers, simplified paperwork, faster processing, and more efficient delivery, all of which will assist Indians, particularly during crises like the COVID-19 pandemic.
The India Centre for Migration (ICM), established by the Ministry of External Affairs, conducts research and pilot projects on international migration, collaborates with partners, and trains migrant workers for stable abroad employment. It aims to enlighten policy and encourage strategic interventions.
The Ministry of External Affairs has a multimodal approach to bridging labor supply gaps in international markets, focusing on skill development, pre-departure orientation, and welfare assistance for Indian workers migrating abroad.
Winny Immigration and Education Services Ltd IPO Allotment Structure
Winny Immigration & Education Services Limited’s IPO allotment structure includes a category for Retail Individual Investors (RII) with deposits less than ₹2 lakhs, a category for other investors above ₹2 lakhs, and a reservation of 34,000 shares for Market Makers.
- Retail Individual Investors (RII): These individual investors apply for shares worth less than Rs. 2 lakhs.
- Other than retail individual investors: Such applications have a value that exceeds INR 2 lakh.
- Market Makers Reservation: Market makers are allocated a specific percentage or number of shares. The corporation has reserved 34,000 shares for this purpose.
Winny Immigration and Education Services Ltd IPO GMP
| IPO OPEN TO CLOSE DATE | IPO PRICE | LATEST GMP | ESTIMATED LISTING GAIN |
| 20 June to 24 June 2024 | 140 | 65 | 205 (46.43%) |
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Note: The information associated with the IPO is for educational purposes only. Consider with your financial advisor before investing in an IPO.
Winny Immigration & Education Services Ltd IPO – FAQs
1. What Is Winny Immigration & Education Services Limited’s Allotment Date?
The Winny Immigration & Education Services Limited initial public offering (IPO) will be allotted on June 25, 2024.
2. What is the Price Band of the Winny Immigration & Education Services Limited IPO?
The price band for the issue is INR 140 per share.
3. What is the Size of the Winny Immigration & Education Services Limited IPO?
The offer size for Winny Immigration and Education Services Limited is INR 9.13 crores, which includes a new issue of 6,52,000 shares. The company wants to raise capital to expand in India, develop software, pay off debt, build a brand, advertise, and pursue general corporate goals.
4. What is the Listing Date of the Winny Immigration & Education Services Limited IPO?
The initial public offering of Winny Immigration & Education Services Limited is scheduled for June 27, 2024.
