Blockbuster debut! Winsol Engineers shares list at 387% premium over issue price
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The shares of Winsol Engineers debuted on the NSE SME platform with a premium of 387% on Tuesday. The stock was listed at Rs 365 as against an issue price of Rs 75. Ahead of the debut, the company's shares traded with a premium of Rs 200 in the unlisted market. The IPO, which was completely a fresh equity issue of 31.15 lakh shares, received a bumper subscription of over 600 times at close. The net proceeds from the public offer will be used for setting up working capital requirements, general corporate purposes, and public issue expenses. Based in Jamnagar, Winsol Engineers is an integrated engineering, procurement, construction and commissioning company providing Balance of Plant (BoP) solutions for both wind and solar power generation companies.Its core services for BoP Solutions include foundation work, substation civil and electrical work, right of way services, cabling to substation and Grid, and other miscellaneous activities.A...