Winsol Engineers shares debut at 387% premium on NSE SME. Listed at Rs 365 vs Rs 75. Oversubscribed 600 times. Proceeds for working capital, corporate needs, public issue expenses. Offers BoP solutions and maintenance services.
The of debuted on the with a of 387% on Tuesday. The stock was at Rs 365 as against an issue price of Rs 75.Ahead of the debut, the company's shares traded with a premium of Rs 200 in the unlisted market.
The , which was completely a fresh equity issue of 31.15 lakh shares, received a bumper subscription of over 600 times at close.
The net proceeds from the public offer will be used for setting up working capital requirements, general corporate purposes, and public issue expenses.
Based in , is an integrated engineering, procurement, construction and commissioning company providing (BoP) solutions for both wind and solar power generation companies.
Its core services for BoP Solutions include foundation work, substation civil and electrical work, right of way services, cabling to substation and Grid, and other miscellaneous activities.
The company's clients are in the industry, who prefer Winsol BoP solutions due to the historic track record of timely completion of projects, expertise and extensive experience in the business and cost efficiency.
In addition to the core BoP Solutions, Winsol also provides services for plant handling and monitoring.
Balance of Plant solutions for Wind and Solar projects refers to all the components of a power generation facility excluding
the main generating equipment. This includes structures, equipment, and systems necessary for the plant's operation.
This can involve the design, procurement, installation, and commissioning of the balance of plant systems necessary for the overall functioning of the facility.
Winsol is responsible for delivering the entire project, including balance of plant components but excluding the main generating equipment (such as turbines or generators). Under operation and maintenance vertical, the company provides support to site operations for optimized performance.
Source: Stocks-Markets-Economic Times