Windlas Biotech IPO Opens Today. Here Are Some Key Points About It Windlas Biotech IPO Opens Today. Here Are Some Key Points About It Windlas Biotech IPO: The proceeds of the IPO will be used by the company to purchase equipments needed for capacity expansion at its Dehradun plant.
Windlas Biotech IPO opened today for subscription
Windlas Biotech, a manufacturer of pharmaceutical formulations initial public offer (IPO) opened for public subscription on August 4.
The IPO comprises of fresh issuance of equity shares worth Rs 165 crore and an offer for sale of up to 5,142,067 equity shares. Its price band is Rs 448 to Rs 460 per equity share and Windlas aims to raise Rs 401.53 crore at the higher end of the price band. The issue will close on August 6.
Windlas Biotech raises over Rs 120 crore from anchor investors ahead of IPO
The company has decided to allocate 26,18,706 equity shares at Rs 460 apiece to 22 funds aggregating to Rs 120.46 crore, according to a circular uploaded on BSE website The Initial Public Offer (IPO) comprises fresh issuance of equity shares worth Rs 165 crore (Source: PTI) PTI
Updated Aug 04, 2021, 1:18 PM IST
Windlas Biotech, a manufacturer of pharmaceutical formulations, on Tuesday said it has raised over Rs 120 crore from anchor investors ahead of its IPO that opens on Wednesday. The company has decided to allocate 26,18,706 equity shares at Rs 460 apiece to 22 funds aggregating to Rs 120.46 crore, according to a circular uploaded on BSE website.
Windlas Biotech collects over Rs 120 cr from anchor investors ahead of IPO freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
Sona BLW Precision Forgings ia an Offer of Equity Shares aggregating up to Rs 5550 Cr (Fresh Issue of Equity shares aggregating upto Rs 300 Cr and Offer for sale of Equity shares aggregating up to Rs 5250 Cr). The Face value of Sona BLW Precision Forgings is 10. Sona BLW Precision Forgings Price band is Rs 285 - 291. Sona BLW Precision Forgings Bid Lot is of 51 Shares and in multiple thereof. Sona BLW Precision Forgings Post Issue Implied Market.
IPO alert: Windlas Biotech files draft papers for IPO
Representational image/IPO
Windlas Biotech Ltd has filed preliminary papers with markets regulator Sebi for an initial public offer that includes a fresh issue of Rs 165 crore.
Besides the fresh issue, there will be an offer for sale of shares. The company is into domestic pharmaceutical formulations contract development and manufacturing business.
According to the Draft Red Herring Prospectus (DRHP), the company will also consider a pre-IPO (Initial Public Offer) placement of up to Rs 50 crore.
The proposed offer includes fresh issue of Rs 165 crore and an offer for sale of up to 5,142,067 equity shares. The latter will comprise up to 1,136,000 equity shares by the individual selling shareholder and up to 4,006,067 equity shares by the investor selling shareholder , as per the document.