InvestorQ : Can you tell me about the proposed Windlas Biotech IPO?
prachi Patwardhan made post

Can you tell me about the proposed Windlas Biotech IPO?

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sara Kunju answered.
5 months ago
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Windlas Biotech, a leading CDMO player in India, has scheduled to open its IPO on 04-Aug. The IPO will have a new issue component of Rs.165 crore as well as an offer for sale of another 51.42 lakh shares by existing shareholders. While the promoter group will also be selling a part of their stake in the company, the Tano India PE Fund will divest its entire 22% holding through the OFS to exit its position in Windlas completely.

The price band for the IPO is yet to be announced and is expected towards the end of this week. Windlas Biotech will utilize the proceeds of the IPO fresh component to purchase equipment that are needed for capacity expansion at its Dehradun Plant. Windlas will also use part of the funds for repaying certain high-cost borrowings of the company. The issue is slated to close on 06 August 2021.

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