Winny Immigration and Education Services Ltd plans to raise up to Rs. 9.13 crore from public issue; IPO opens June 20

Mr. Jignesh Patel, Director, Winny Immigration and Education Services Ltd, said, “Winny Immigration aspires to stand as the foremost visa consulting firm globally, renowned for its expertise, ethics, and steadfast commitment to client success. The first plan is to develop an in-house, complete digital consultation and service delivery module to enhance the accessibility and efficiency of services. For this, the company has recently implemented AI-based automation in their operations and service delivery methods, which has led to a notable enhancement in service timelines. Moreover, they are actively working on the development of an AI-based web portal and a mobile application to provide all solutions on a single platform. The company is also actively working on expanding its presence in the Middle East and other South Asian markets.”

Incorporated in 2008, Winny Immigration and Education Services Ltd. is primarily involved in the visa consultancy business. The company assists individuals for study, travel, work, business, and migration purposes. The company has assisted thousands of clients with immigration and visa processes, providing visa consultancy. The company has 12 offices in Gujarat, Maharashtra, and Delhi, including branches, franchisees, and a virtual office in Canada.

Winny offers visa guidance, immigration assistance, and documentation services. The company provides consultations for the following services:

1. Training for Language Proficiency Examinations,

2. Consulting and processing a variety of Temporary Residence Visas,

3. Consulting and processing Permanent Residency Visas.

For FY23-24 ended March 2024, company has reported net profit of Rs. 39.27 lakh and revenue of Rs. 11.02 crore as compared to profitability and revenue of Rs. 1.45 crore and Rs. 11.97 crore for 12 months of FY22-23.

As on 31^st March 2024, Net Worth of the company was reported at Rs. 2.30 crore, Reserves & Surplus at Rs. 79 lakh and Asset base of Rs. 5.43 crore. As on 31^st March 2024, ROE of the company was at 18.6%, ROCE at 15.74% and RONW at 17.02%. Shares of the company will be listed on NSE’s Emerge platform.                   

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