INSUBCONTINENT EXCLUSIVE:
Windlas Biotech has four manufacturing facilities located at Dehradun in Uttarakhand.Windlas Biotech has filed preliminary papers with
markets regulator Sebi for an initial public offer
The primary market offering will include a fresh issue of Rs 165 crore and an offer for sale of up to 5,142,067 shares, as per the draft
document filed with the market regulator
The company is also in consultation with its book running managers to raise Rs 50 crore through a pre-IPO placement.The company will utilise
It will also be used the funds for incremental working capital requirements, repayment/ prepayment of borrowings and general corporate
purposes.Windlas Biotech is into domestic pharmaceutical formulations contract development and manufacturing business, and has four
manufacturing facilities located at Dehradun in Uttarakhand.SBI Capital Markets, DAM Capital and IIFL Securities are the book running lead
managers to the public issue.
