Winny Immigration IPO: Sizzling Start as SME Issue Hits 10.12x Subscription on Day 1; NIIs Lead the Charge

Mumbai: The IPO of Winny Immigration and Education Services Ltd, an SME based in Ahmedabad, opened for subscription on Thursday, 20th June, and saw enthusiastic participation, being fully subscribed 10.12 times by the end of the day, according to stock exchange data. The IPO will remain open until 24th June 2024.

Details of the Offer:

• Total Shares Offered: 652,000
• Allocation:
  • Retail Investors: 309,000 shares (47.39%)
  • Non-Institutional Investors (NIIs): 309,000 shares (47.39%)
  • Market Makers: 34,000 shares (5.21%)

Subscription Status

By the end of the first day, the IPO received applications for 6,18,000 shares, compared to the 62,54,000 shares available. NIIs showed the highest interest, with their portion being subscribed 11.38 times (25,22,000 shares). The retail segment was also very active, with a subscription rate of 8.16 times (25,22,000 shares).

The strong response highlights the appeal of Winny Immigration’s services, which include visa assistance and educational consultancy, to investors in the SME sector.