Winny Immigration IPO: Following a strong investor response during the bidding period from June 20 to June 24, attention now shifts to the allotment process for Winny Immigration and Education Services.
The allotment for the Winny Immigration and Education Services IPO is expected to be finalized today. Investors can check their allotment status through the registrar, Bigshare Services Pvt. Ltd.
With oversubscription in the retail category, shares will be allocated to retail individual investors (RIIs) on a proportional basis. For those who do not receive an allotment, Winny Immigration and Education Services will initiate the refund process for the application money on June 26, 2024.
Simultaneously, allotted shares will be credited to investors’ demat accounts on the same day following the refund process. Winny Immigration and Education Services is an SME IPO, with shares scheduled to be listed on the NSE SME platform, tentatively on June 27, 2024.
Steps to check the Winny Immigration and Education IPO allotment status on the registrar’s website:
- Visit the Bigshare URL: https://ipo.bigshareonline.com/ipo_status.html, and enter your login details.
- Select “Winny Immigration and Education Services IPO” from the list of companies.
- Choose either PAN Number, Beneficiary ID, or Application No./CAF No.
- Click on “Search” to view your IPO allotment status.
Winny Immigration and Education Services specializes in visa consultancy services, facilitating individuals with visa applications for study, travel, work, business, and migration purposes. The company aims to streamline the visa application process through its comprehensive range of services, including language proficiency training and visa consulting.
The Winny Immigration and Education Services IPO, valued at ₹9 crore, comprised 6.52 lakh newly issued shares priced at ₹140 each. Interactive Financial Services Ltd. managed the IPO as the book-runner and lead manager, while Aftertrade Broking acted as the market maker.
The IPO’s proceeds will be utilized for expanding office locations across India, enhancing technological capabilities through software development, and repaying existing debts. Additionally, funds will support branding efforts, corporate activities, and expenses related to the public issue.
The Winny Immigration and Education Services IPO witnessed robust demand, oversubscribed by over 154.97 times, with bids worth ₹1,338.16 crore. The retail category alone saw a subscription of 190 times, reflecting strong investor interest in the offering.
Disclaimer: Investors are advised to consult certified experts before making investment decisions.