New Delhi:
Shares of Winny Immigration and Education Services made a robust debut on Dalal Street on Thursday.
Listed on NSE SME at ₹ 240 per share, they surged 71.4% from the IPO price of ₹ 140 per share.
The company’s shares reached a high of ₹ 250 after listing.
IPO Details and Timeline
Winny Immigration & Education Services IPO was launched on June 20 and closed on June 24.
The IPO allotment was finalized on June 25, and the shares were listed on NSE SME on June 27.
Funds raised from the IPO will be utilized for general corporate activities, branding,
and advertising to enhance market visibility and customer reach.
Investor Response
Winny Immigration and Education Services’ IPO garnered significant investor interest, being subscribed nearly 154.67 times in three days.
Bids were received for 9.55 crore equity shares worth ₹1,338.16 crore against 6.18 lakh shares offered.
The IPO saw a subscription of 190.66 times in the retail category and 109.65 times in other categories.
Winny Immigration and Education Services Limited specializes in visa consultancy.
Financial Management of IPO
Interactive Financial Services Limited served as the book running lead manager of the Vini Immigration IPO, with Bigshare Services Private Limited acting as the IPO registrar.
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