IPO of Winny Immigration lists at a 71% premium on NSE SME
Winny Immigration is a visa consulting firm that was established in 2008 to help people get study visas, tourist visas, work visas, business visas, and migration visas. Winny’s team is professional, with immigration and education consultants as members of the team. Many clients of the company shift to the USA, Canada, Australia, New Zealand, the United Kingdom, and Europe.
The care centre utilizes the concept of the “Winny App” in client relationship management as a means of handling clients.
Winny Immigration and Education Services’s shares debuted on the NSE SME platform on June 27, and the shares listed at Rs. 240, 71% higher than the issue price of Rs. 140. Winny Immigration made its Initial Public Offering (IPO) live and raised Rs. 9.13 crore through a fresh issue of equity shares of 6.52 lakh.
The bidding process of the IPO started on June 20 and ended on June 24. It is worth mentioning that the allotment for the shares of Winny Immigration’s IPO was last determined on June 25.
This was sold at Rs. 140 per stock, where investors were allowed to apply with a 1000-share lot, meaning a minimum investment of Rs. 1.4 lakh for retail investors. Similarly, high-net-worth individuals (HNIs) either had the option to invest in at least 2 lots, that is, 2000 shares costing Rs. 2.8 lakh.
The underwriters for the IPO were provided by Interactive Financial Services so that the offering would be run to the standards set for book-running lead managers. The issue was managed with the help of the registrar, Bigshare Services, while the market maker function was delegated to Aftertrade Broking.
