Winwin Maritime IPO – Review, Allotment, Subscription, GMP & DRHP
Last Updated Date: Nov 16, 2022Winwin Maritime IPO comprises of 21,00,000 Equity shares, face value of Rs.10 each. Let’s have a detailed review of the company and analytics of the Winwin Maritime IPO release date, IPO offer price, subscription, Winwin Maritime IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
Winwin Maritime IPO Review & Ratings
| IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 8.5/10 |
| Industry Ranking | 7.8/10 |
| Company Background | 7.9/10 |
| Company Reputation | 7.9/10 |
| Competitive Edge | 7.7/10 |
| Financial Statements | 7.8/10 |
| Popularity Index | 8.4/10 |
| Promoters Reputation | 7.7/10 |
| Retail Appetite | 7.9/10 |
| Top Brokers Review | 7.9/10 |
| Overall Ratings | 8.1/10 |
| Star Ratings | ★★★★☆ |
Summary of Winwin Maritime IPO
Winwin Maritime Limited was incorporated in the year 2014, our Company is an ISO 9001: 2015 certified company engaged in providing various logistic services such as Non-Vessel Operating Common Carrier (“NVOCC”) and Freight Forwarding. The Company believe their business model enables them to act as a service provider that can comprehensively cover their customer’s needs. They provide solutions that enable their customers to leverage their distribution network and which, they believe, optimises the performance, cost and efficiency of their supply chains, shortening their lead-time to market .The Issue comprises of a Public Issue of 21,00,000 Equity shares of face value of Rs.10.00 each fully paid up.
From FY 2014-15 to FY 2016-2017, as per the Restated Financial Statements,
From fiscal 2016 to 2017, company’s revenue from operations has increased at a growth rate of 92.21% respectively.
For the period ended March 31, 2018, FY 2016-17 and FY 2015-16, its revenue from operations was Rs. 6,921.75 Lakhs, Rs. 4,472.93 Lakhs and Rs.2,326.97 Lakhs, respectively representing growth of 92.21% from the FY 2015-16 to FY 2016-17. For the period ended March 31, 2018, FY 2016-17 and FY 2015-16 our net profit was Rs. 401.59 Lakhs, Rs.604.25 Lakhs and Rs.363.96 Lakhs, respectively, representing a gain of 66.02% from the FY 2015-16 to FY 2016-17.
- During the financial year 2017-18 the Other Income of our company increased to Rs. 47.85 Lakhs as against Rs.19.34 Lakhs for the financial year 2016-17, representing increase by 147.41% due to increase in interest income & insurance claim in FY 2017- 18.
- Company’s Net Profit after tax for the year 2016-17 is Rs.436.20 Lakhs from the year 2015-16 of Rs. 243.71 Lakhs showing remarkable performance and increase of 78.98% from the FY 2016-17 to FY 2017-18.
The Promoter of this company is Ajay Janardhan Nair, Edwin Alexander, Moncy George Puthenpurackal and Niraj Ashok Israni . The lead manager to the issue is Saffron Capital Advisors Private Limited and the Registrar to this issue is Link Intime India Private Limited .
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Winwin Maritime IPO Date
The opening and the closing date of Winwin Maritime Limited IPO is not known yet.
Winwin Maritime IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| Day 1 | ||||
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| Day 3 | ||||
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| Day 5 | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.
Winwin Maritime IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Winwin Maritime IPO Price Band
The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed.
Winwin Maritime IPO Equity Share Offering
21,00,000 Equity Shares of Rs 10/- each but Issue Price is yet to be disclosed .
Winwin Maritime Limited – Company Overview
Winwin Maritime Limited was incorporated in the year 2014, our Company is an ISO 9001: 2015 certified company engaged in providing various logistic services such as Non-Vessel Operating Common Carrier (“NVOCC”) and Freight Forwarding. The Company believe their business model enables them to act as a service provider that can comprehensively cover their customer’s needs. They provide solutions that enable their customers to leverage their distribution network and which, they believe, optimises the performance, cost and efficiency of their supply chains, shortening their lead-time to market .
With a vision to provide comprehensive logistic solutions for international trade, the Company commenced their operations in 2017 as a freight forwarding agent for various shippers, wherein their Company acts as an intermediary between the clients and various shipping lines .
The Company is promoted by Ajay Janardhan Nair, Edwin Alexander, Moncy George Puthenpurackal and Niraj Ashok Israni and is the guiding force behind the growth and strategic decisions of the Company.
Competitive Strengths of Winwin Maritime Limited :
- Strong existing relationship with reputed shipping lines
- Strong Customer Base
- Quality of Service
- Consistently accredited and recognized for quality performance
- PAN India Presence
Business strategies of Winwin Maritime Limited :
- Reaching out to other ports
- Purchase of new/preused containers
- Setting their global footprint and expanding domestic presence
- Strengthening existing services
- Continue to improve operating efficiencies
- Explore inorganic growth opportunities
Winwin Maritime Limited – Financial Statements
A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:
Financial Summary:
| Amount (in Rs.Lakhs) | |||||
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Total Assets | 1,529.32 | 1,296.04 | 900.45 | 287.78 | 78.53 |
| Total Revenue | 3,636.92 | 6,969.60 | 4,492.27 | 2,328.02 | 139.74 |
| Total Expense | 3,235.34 | 6,365.36 | 4,128.31 | 2,146.61 | 125.35 |
| Profit After Tax | 288.92 | 436.20 | 243.71 | 121.44 | 9.86 |
Earnings per Equity Share (in Lakhs)
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | |
| Basic & Diluted | 17.45 | 243.71 | 121.44 |
From the above statements, one could find that the Winwin Maritime Limited may perform well.
Winwin Maritime IPO – Promoters
The Promoter of this company are:
- Ajay Janardhan Nair
- Edwin Alexander
- Moncy George Puthenpurackal
- Niraj Ashok Israni
List of Related Parties (Key Managerial Personnel)
- Sebin Joseph Pottamplackal
- Anuradha Bhagwanbhai Maharana
Interest in promotion of the Company
Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.
Property Interest
The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.
Interest in Intellectual Rights of the Company
Promoters has not shown any interest in acquiring the intellectual rights of the company.
Winwin Maritime IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 21,00,000 Equity Shares of Rs. 10 each fully paid-up of our Company for cash at a price of Rs. [] per Equity Share aggregating to Rs. [] Lacs. |
| Of which: | |
| Reserved for Market Makers | Up to 1,08,000 Equity Shares of Rs. 10 each fully paid-up of our Company for cash at a price of Rs. [] per Equity Share aggregating to Rs. [] Lacs |
| Net Issue to the Public | Up to 19,92,000 Equity Shares of Rs. 10 each fully paid-up of our Company for cash at a price of Rs. [] per Equity Share aggregating to Rs. [] Lacs. |
| Of which: | |
| Allocation to Retail Individual Investors for upto Rs. 2.00 lakhs | Up to 996000 Equity Shares of Rs. 10 each fully paid-up of our Company for cash at a price of Rs. [] per Equity Share aggregating to Rs. [] Lacs. |
| Allocation to Retail Individual Investors for above Rs. 2.00 lakhs | Up to 996000 Equity Shares of Rs. 10 each fully paid-up of our Company for cash at a price of Rs. [] per Equity Share aggregating to Rs. [] Lacs. |
| Equity Shares outstanding prior to the Issue | 56,00,000 |
| Equity Shares outstanding after the Issue | 77,00,000 |
Winwin Maritime IPO Issue Object
These are the IPO Issue Objects of the company
- Purchase of new/preused containers;
- Refabrication of existing and proposed preused containers;
- General corporate purposes.
Winwin Maritime IPO – Basis of the Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Strong existing relationship with reputed shipping lines
- Strong Customer Base
- Quality of Service
- Consistently accredited and recognised for quality performance
- Experienced management team with strong domain expertise
- PAN India Presence
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-16 | 121.44 | 91.79 | – |
| 31-Mar-17 | 243.71 | 64.82 | – |
| 31-Mar-18 | 17.45 | 53.71 | 32.49 |
Winwin Maritime IPO Lead Managers
| Lead Managers |
| SAFFRON CAPITAL ADVISORS PRIVATE LIMITED 605, 6th floor, Centre Point, Andheri Kurla Road, J.B. Nagar, Andheri (East) Mumbai – 400 059, Maharashtra, India. Telephone: +91 22 4082 0914 Facsimile: +91 22 4082 0999 E-mail: sme.ipos@saffronadvisor.com Website: www.saffronadvisor.com Investor grievance: investorgrievance@saffronadvisor.com SEBI Registration Number: INM 000011211 Validity of Registration: Permanent Contact Person: Amit Wagle/Shikha Jain |
Winwin Maritime IPO Registrar to offer
| Registrar to the Offer |
| LINK INTIME INDIA PRIVATE LIMITED C 101, 247 Park, L.B.S.Marg, Vikhroli (West), Mumbai – 400083 Tel No.: +91 22 4918 6200 Fax No.: +91 22 4918 6195 Email: winwin.ipo@linkintime.co.in Website: www.linkintime.co.in Investor Grievance Id: winwin.ipo@linkintime.co.in SEBI Registration Number: INR000004058 Validity of Registration: Permanent Contact Person: Shanti Gopalkrishnan |
Other Details:
- Statutory Auditor – M/s Nirup Pomal & Associates, Chartered Accountants
- Peer Review Auditor – M/s Nirup Pomal & Associates, Chartered Accountants
- Bankers to the Company – Axis Bank Limited
Winwin Maritime IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
Winwin Maritime IPO Grey Market Premium
The Winwin Maritime IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
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