Winny Immigration and Education Services Ltd- IPO

Winny Immigration is launching an NSE SME IPO to raise Rs 9.13 crores. The issue is entirely a fresh issue of 6.52 lakh shares. The IPO will open on June 20 and close on June 24. The allotment for the Winny Immigration IPO is expected to be finalized on Tuesday, June 25, 2024. The Winny Immigration IPO price band is fixed at Rs 140, with a market lot of 1,000 shares. The minimum investment amount required by retail investors is Rs 140,000. The minimum lot size investment for HNIs is 2 lots (2,000 shares), amounting to Rs 280,000

Winny Immigration IPO Details

Winny Immigration IPO Lot Size

Winny Immigration IPO Objective

The company proposes to use the Net Proceeds from the issue for the following objects:

1. Opening Of New Offices in India
2. Software Development
3. Repayment of Loan
4. Advertising and Business Promotion
5. General Corporate Purposes.

About Winny Immigration

The Winny Immigration And Education Service company “WINNY” is primarily involved in the visa consultancy business. The company assists individuals for study, travel, work, business, and migration purposes.

As the world becomes increasingly interconnected, the demand for skilled professionals, students, and travelers to cross borders has surged and they have seized this opportunity to expand their business by guiding the complex process of obtaining visas for different purposes in the current era.

Winny offers visa guidance, immigration assistance, and documentation service.

The Company provides consultation for the following service:

1. Training for Language Proficiency Examinations
2. Consulting and processing a range of Temporary Residence Visas.
3. Consulting and processing Permanent Residency Visas.

Winny Immigration and Education Services Ltd Financial Information

Winny Immigration IPO Timeline

Conclusion

Winny Immigration and Education Services Ltd is launching an NSE SME IPO to raise Rs 9.13 crores through a fresh issue of 6.52 lakh shares, priced at Rs 140 each. The IPO will be open from June 20 to June 24, 2024, with allotment finalized on June 25 and listing on June 27. Retail investors need to invest a minimum of Rs 140,000, while HNIs require Rs 280,000.

The funds will be used for opening new offices, software development, loan repayment, advertising, business promotion, and general corporate purposes. Winny Immigration specializes in visa consultancy services, aiding individuals in obtaining various types of visas and providing language proficiency training. Financially, the company has shown growth in assets and revenue, aiming to expand further through the IPO proceeds