Winny Immigration and Education Services Limited IPO

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Winny is a distinguished player in the visa consultancy industry, offering comprehensive services to individuals seeking to study, travel, work, conduct business, or migrate internationally. In an era where global mobility is increasingly vital, Winny has positioned itself as a pivotal facilitator of cross-border movements. The company’s mission is to simplify the visa application process, ensuring a seamless journey for clients through the complex immigration landscape.

Extensive Experience and Network

With decades of experience and a robust network of 12 strategically located offices (9 branches, 2 franchises, and 1 virtual office), Winny boasts a team of over 100 seasoned professionals. This extensive network enables Winny to provide unparalleled support to thousands of clients, assisting them in navigating the intricate visa and immigration processes.

Service Offerings

Winny’s array of services is designed to address various aspects of the visa application process, ensuring clients receive comprehensive support:
1. Training for Language Proficiency Tests (IELTS, CELPIP, PTE, TOEFL, and more):
i. Experienced Faculty: Winny employs experienced and well-trained faculties who provide tailored training for language proficiency tests.
ii. Standard and Custom Materials: The training utilizes both market-standard and in-house developed materials, focusing on reading, writing, listening, and speaking skills.
iii. Interactive Workshops: Workshops for speaking and writing sections help students develop coherent responses, improve pronunciation, and refine writing skills.
iv. Comprehensive Resources: Winny provides textbooks, online resources, and practice exercises, supplemented by access to an extended library and exclusive study materials.

2. Temporary Residence Visa (TRV):
i. Purpose and Duration: TRVs are granted for specific purposes and durations, such as tourism, work, or study.
ii. Eligibility and Guidance: Winny assists clients in understanding eligibility criteria, preparing applications, and maximizing their chances of successful TRV applications.

3. Permanent Residence Visa (PRV):
i. Long-term Residency: PRVs enable individuals to establish long-term or permanent residence in a foreign country.
ii. Points-based Systems: Winny provides guidance on navigating points-based systems, understanding point allocation, and strategic planning to enhance PRV applications.
iii. Documentation Support: Clients receive comprehensive support in preparing and verifying required documentation, ensuring well-prepared applications.

Clientele and Commitment

Winny’s clientele primarily seeks migration to the USA, Canada, Australia, New Zealand, the UK, and Europe. The company is committed to transparency, keeping clients well-informed at every stage of the process. Winny offers end-to-end services, from English proficiency exams coaching to immigration processes and post-visa procedures. Clients also benefit from post-landing services, including airport pick-up and temporary accommodation arrangements through references from settled clients.

Conclusion

Winny’s commitment to excellence, extensive experience, and comprehensive service offerings make it a trusted partner for individuals navigating the complexities of visa applications and immigration processes. By streamlining these procedures, Winny plays a crucial role in facilitating global mobility and connecting individuals with international opportunities.

Objects of the Winny Immigration and Education Services Limited IPO:

The company proposes to use the Net Proceeds from the issue for the following objects: i. Opening new offices in India ii. Software development iii. Repayment of Debt iv. Branding and Advertisement v. General Corporate Purpose vi. Meeting Public Issue Expenses.
DRHP of Winny Immigration and Education Services Limited IPO
RHP of Winny Immigration and Education Services Limited IPO

Winny Immigration and Education Services Limited IPO Details:

Open Date: Jun 20 2024
Close Date: Jun 24 2024
Total Shares: 652,000
Face Value: ₹ 10 Per Equity Share
Issue Size: 9.13 Cr.
Lot Size: 1000 Shares
Issue Price: ₹ 140 Per Equity Share
Listing At: NSE Emerge
Listing Date: Jun 27 2024

Promoters And Management:

Jignesh Patel, 53, is the Chairman and Managing Director of the company. A Commerce Graduate from Gujarat University, he has over two decades of experience in the immigration and visa sectors. He sets the strategic direction of the company and ensures effective execution of these strategies. Jignesh oversees company operations, devises growth strategies, manages finances, and ensures profitability. He navigates market conditions, ensures compliance, mentors the Quality Control team for immigration applications, and has been instrumental in establishing the company's global network. Pathik Savla, 38, is the Whole Time Director of the company. He holds a Bachelor’s Degree in Mechanical Engineering and a Post Graduate Diploma in Management from Asia Pacific Institute of Management Studies, New Delhi. With over 15 years of experience, he excels in client acquisition, business development, and revenue generation. At Winny, he has streamlined sales processes, refined customer acquisition strategies, and managed the company’s brand. For the past 12 years, Pathik has mentored sales and marketing professionals, fostering an innovative culture. Previously, he headed the Sales and Marketing Department. Hirenkumar Patel, 52, is the Whole Time Director of the company. He completed his Post Diploma in Plastics Mould Design from the Central Institute of Plastics Engineering and Technology. With 27 years of experience in business development and team management, he has held senior management roles for over 12 years and middle management positions for over 7 years. His expertise lies in business operation management, demonstrating a keen understanding of business priorities and operational dynamics. Hirenkumar is skilled in team management, coaching, and mentoring, and is instrumental in defining and delivering new Standard Operating Procedures (SOPs), driving process improvements, and successfully executing projects.

Financials of Winny Immigration and Education Services Limited IPO:

Particular (In lakh) Mar-22 Mar-23 Mar-24
Revenue from Operations 999 1,177 1,081
Employee Cost 508 599 644
Other Expenses 293 345 354
EBITDA 198 233 83
EBIDTA Margin 19.82% 19.80% 7.68%
Other income 5 20 21
Depreciation 13 36 33
Interest 18 14 19
Profit before tax 171 193 52
Tax 43 48 13
Net profit 128 145 39
NPM (%) 12.75% 12.11% 3.54%
EPS 5.90 6.68 1.80

Comparison With Peers:

Company does not have any peer group company for comparison.

Recommendation on Winny Immigration and Education Services Limited IPO:

1. "WINNY" is a leading visa consultancy firm specializing in providing comprehensive assistance to individuals for study, travel, work, business, and migration purposes. As globalization intensifies and the need for international mobility increases, WINNY has positioned itself as a crucial facilitator in the visa and immigration process, helping clients navigate the complexities of obtaining various types of visas. 2. Services Offered WINNY offers a wide range of services designed to streamline the visa application process for clients: i. Language Proficiency Training ii. Temporary Residence Visa (TRV) Assistance iii. Permanent Residence Visa (PRV) Assistance 3. Key Market Destinations The majority of WINNY’s clients seek to migrate to the USA, Canada, Australia, New Zealand, the UK, and Europe. WINNY’s team of seasoned immigration and education consultants ensures that clients are well-informed and supported throughout the entire process, from initial consultation to post-landing services. 4. SWOT Analysis Strengths i. Specialized knowledge of immigration laws, regulations, and procedures. ii. Established networks with related agencies and legal professionals. iii. A positive reputation for successful client assistance. iv. A broad range of services, including coaching, visa applications, and legal advice. Weaknesses i. Susceptibility to frequent regulatory changes in the immigration landscape. ii. Impact of changes in government policies on the business. iii. Extensive documentation and compliance requirements can be time-consuming and error-prone. iv. High competition with many consultants offering similar services. Opportunities i. Increased globalization and international mobility expand the client base. ii. Potential for lucrative collaborations with companies for employee immigration services. iii. Leveraging technology for streamlined processes, online consultations, and document management. Threats i. Political instability or economic downturns affecting immigration patterns. ii. Instances of fraud or unethical practices within the industry leading to negative public perception. iii. Failure to comply with changing immigration laws and regulations, resulting in legal consequences. iv. Intense competition among immigration consultants. 5. Competitive Landscape The immigration and visa consultancy sector is highly competitive due to the growing demand for professional assistance. Numerous firms operate in major cities and regions of India, creating a saturated market. However, WINNY differentiates itself through its comprehensive range of services, skilled staff, and dedication to providing high-quality, transparent support to its clients. 6. The Revenue has Increased from Rs.9.9 Crores in FY22 to Rs.10.8 Crores in FY24. 7. The EBITDA has Decreased from 2 Crores in FY22 to 83 Lakhs in FY24. 8. The PAT has Decreased from 1.2 Crore in FY22 to 39 Lakhs in FY24. 9. As per FY24, CFO/EBITDA is 0.98, and EPS is 1.80, 10. Market Capitalization is 30 Crores and P/E is 77.36x based on FY24.

Lead Manager of Winny Immigration and Education Services Limited IPO:

  1. Interactive Financial Services

Registrar of Winny Immigration and Education Services Limited IPO:

  1. Bigshare Services Private Limited

Company Address:

Winny Immigration and Education Services Ltd 103-104, ATP Arcade, Above Mr. Bean's Coffee Shop, Nr. National Handloom House, Law Garden, Ahmedabad- 380006 Phone: 079-61906190 Email: compliance@winnyimmigration.com Website: https://winnyimmigration.com/

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