Windlas Biotech IPO

IPO Status: Closed [4th Aug 2021 to 6th Aug 2021]

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Windlas Biotech IPO Details

Windlas Biotech, a leading market player in the domestic pharmaceutical formulations contract development and manufacturing company is coming up with an IPO. The IPO opens for subscription on 4 August and closes on 6 August. It is a book building offer that price band is fixed at Rs.448-460 and lot sizes is 30 shares.. Stay updated here to get complete information about the Windlas Biotech including business overview, profitability track record, financial metrics, GMP, live subscription status, allotment, and more.

IPO Issue Opening Date: 4th Aug 2021
IPO Issue Closing Date: 6th Aug 2021
IPO Issue Price: ₹448-460
IPO Listing At: BSE, NSE
IPO Category: Mainline
IPO Issue Type: Book Built Issue IPO
IPO Issue Size: ₹401.54 Cr
Offer for Sale: 5,142,067 Eq Shares at ₹448-460 each (Aggregating up to ₹236.54 Cr]
Fresh Issue: ₹165 Cr
Face Value: ₹5 Per Equity Share
IPO Discount: NA
Market Lot: 30 Shares
Min Retail Qty: 30 shares (1 lot)
Max Retail Qty: 420 shares (14 lots)
Promoter Holding Pre IPO: 78%
Promoter Holding Post IPO: 65.16%
BSE Code: 543329

About Company - Windlas Biotech

Windlas Biotech is a strong market player in the domestic pharmaceutical manufacturing contract development and manufacturing organizations (CDMO) in India. The company provides a complete CDMO solution with a range of offerings from product development to licensing, registration, and commercial manufacturing of generic products comprising complex generics.

It has 3 verticals or SBUs 1. CDMO services and products, 2. Domestic Trade Generics and OTC brands; and 3. Export in high-growth markets. The business generates most of the revenue over 85% from the CDMO segment. The company also offers its own branded trade generic products and looking to the increasing prevalence of chronic diseases (cardiovascular, neuropsychiatry, anti-diabetic, respiratory therapies, etc.), the company aims to launch new complex generic products in the future.

Pfizer Limited, Sanofi India Limited, Cadila Healthcare Limited/ Zydus Healthcare Limited, Emcure Pharmaceuticals Limited, Eris Lifesciences Limited, Intas Pharmaceuticals Limited, and Systopic Laboratories Private Limited are some of the customers of Windlas Biotech. Currently, the firm owns 4 manufacturing plants at Dehradun, Uttarakhand with an aggregated installed capacity of 7,063.83 million tablets/ capsules, 54.46 million pouch/ sachet, and 61.08 million liquid bottles.

Incorporation Sector IPO Issue Size Website
2001 Pharmaceutical ₹401.54 Cr

Windlas Biotech IPO Objective

The company intends to utilize the net proceed from the IPO towards the following purposes;

  1. To acquire equipments for production capacity expansion at Dehradun manufacturing plant.
  2. Finance company's working capital requirements.
  3. To make repayment or pre-payment of company's borrowings.
  4. To meet general corporate purposes.

Windlas Biotech IPO Important Dates

In this section we have covered all important dates related to Windlas Biotech IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.

Windlas Biotech IPO important dates
IPO Activity Date
IPO Issue Open 4th Aug 2021
IPO Issue Close 6th Aug 2021
Basis of Allotment Finalisation Date* 11th Aug 2021
Refunds Initiation* 12th Aug 2021
Credit of Shares to Demat Account* 13th Aug 2021
IPO Listing Date* 16th Aug 2021

* - Tentative Dates

Windlas Biotech IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 1,723,700 Shares
  • Non-Institutional Investors: 1,323,766 Shares
  • Retail Individual Investor: 3,088,786 Shares
IPO Bidding Live Updates from BSE + NSE
 # of Shares Offered1,723,7001,323,7663,088,7866,136,252
14th Aug 2021 17:030.00x0.34x6.15x3.17x
25th Aug 2021 17:030.04x1.11x13.40x7.00x
36th Aug 2021 18:5224.40x15.73x24.22x22.44x

Windlas Biotech Financials for past 3 Years

Past performance and financial results of Windlas Biotech.

Windlas Biotech financial
Windlas Biotech Ltd Financials 31-Mar-2021 31-Mar-2020 31-Mar-2019 31-Mar-2018
Total Assets ₹296.12 Cr ₹338.49 Cr ₹298.18 Cr ₹289.89 Cr
Total Income ₹430.70 Cr ₹331.34 Cr ₹311.52 Cr ₹356.58 Cr
Net Profit/Loss ₹15.57 Cr ₹16.21 Cr ₹63.82 Cr ₹11.20 Cr

Windlas Biotech IPO Strengths

  • One of the leading companies in the domestic pharmaceutical;CDMO segment.
  • Strong market presence in India and export to several countries.
  • State-of-the-art and modern infrastructure manufacturing facilities in Dehradun, Uttarakhand.
  • Highly experienced team of promoters and managers.
  • Strong focus on complex generic product launches to capture a strong market share with high demand in India.

Windlas Biotech IPO Threats/Weaknesses

  • Maximum revenue 85%+ is being generated from CDMO segment, evident high revenue dependency.
  • Revenue concentration from products sell in few therapeutic areas as in fiscal 20, 48% of revenues was derived from the sale of products in Chronic and sub-chronic segment.
  • Strict technical specifications, quality requirements, and inspections.
  • The adverse impact of ongoing COVID-19 pandemic on business operations.
  • Indian pharma is a highly competitive industry, domestic pharma formulation is highly fragmented in terms of manufacturers and products.

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  NRI Form ⇒

Windlas Biotech IPO DRHP >>Document

Windlas Biotech IPO RHP >>Document

Windlas Biotech IPO Allotment Status >>Link

Company Address

Windlas Biotech Limited
40/1, Mohabewala Industrial Area,
Phone: +91 135 6608000
Email: [email protected]

Windlas Biotech IPO Registrar

Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: [email protected]

Windlas Biotech IPO Lead Manager

  1. SBI Capital Markets Limited
  2. DAM Capital Advisors Ltd (Formerly IDFC Securities Ltd)
  3. IIFL Holdings Limited
Windlas Biotech IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Windlas Biotech? Should I apply in Windlas Biotech IPO?

Last Updated on 2021-08-16T11:39:42+00:00

Windlas Biotech IPO FAQs

  1. 1. How to subscribe Windlas Biotech IPO with Zerodha?

    Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Windlas Biotech IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Windlas Biotech IPO with Zerodha.

    Alternate approch to apply in Windlas Biotech IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

    Windlas Biotech IPO Review and Important Updates

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  2. 2. How to apply in Windlas Biotech IPO online?

    Apply in Windlas Biotech IPO online

    To subscribe or apply in Windlas Biotech IPO, you can use the following methods:

    Windlas Biotech IPO Applying ModeMethodDetails
    Online Application3-in-1 Trading Account

    If your broker is 3-in-1 service provider, you can apply in Windlas Biotech IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

    Online Application2-in-1 Trading Account

    Brokers like Zerodha, TradeSmart Online provides access to applying in Windlas Biotech IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

    Online ApplicationASBA

    This is one of the most popular mode of applying in Windlas Biotech IPO. Most of the Syndicate Banks provide access to apply in Windlas Biotech IPO via ASBA process. You must have your net banking access, DP ID information to apply in Windlas Biotech IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

    Offline ApplicationPhysical Form

    You can apply in Windlas Biotech IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

    Windlas Biotech IPO Review and Important Updates

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  3. 3. How to download online application form for Windlas Biotech IPO?

    Applying in Windlas Biotech IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Windlas Biotech IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.

    For more details on how to use UPI payment method to apply Windlas Biotech IPO, please refer article >> Link

    Windlas Biotech IPO Review and Important Updates

    Steps to download the online application form for Windlas Biotech IPO

    • Step1:Click here.
    • Step2: Click on “Bid-cum Application Form Download
    • Step3: Above Step will open an online form.
    • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
    • Step5: Fill bid details - min 30 and max 420 shares (14 lots).
    • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
    • Step7: This will fill your application online and give you a pdf file.
    • Step8: Take a print of this document and go to your bank for UPI transactions.
    • Or

    • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

    Other relevant questions:

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  4. 4. What is the listing date of Windlas Biotech IPO?

    Windlas Biotech IPO is going to be list on 16-08-2021. NSE Code for Windlas Biotech is WINDLAS. BSE Code for Windlas Biotech is 543329.

    Other relevant questions:

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  5. 5. When Windlas Biotech IPO will be allocated?

    Windlas Biotech IPO Allotment Date is 11-08-2021.

    Other relevant questions:

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User Comments

6. Arunarun  8/1/2021 1:22:23 PM Reply
Looks like good issue
5. Muhammad Shahim Pm  7/26/2021 12:35:27 AM Reply
Windlas Biotech IPO expected listing gain.
4. Balla.Alivelu  7/26/2021 12:35:27 AM Reply
Please confirm Windlas Biotech IPO GMP (grey market premium) and kostak.
3. G.chiranjeevi  7/26/2021 12:35:27 AM Reply
Windlas Biotech IPO good or bad.
2. prince  7/26/2021 12:35:27 AM Reply
Windlas Biotech IPO whether to invest or not.
1. K MADHU SUDHAN  7/26/2021 12:35:27 AM Reply
Windlas Biotech IPO - CRISIL Rating, Apply or not?.