Windlas Biotech is set to finalize the share allotment on August 11. The IPO which was opened on August 4 was subscribed 22.37 times. The price band for the 401.53 crore IPO was fixed at Rs 448-460 per equity share. The shares allocated for qualified institutional buyers were subscribed 24.1 times, while the portion for retails investors was subscribed 24.54 times. Non-institutional buyers subscribed to their allocated portion 15.73 times.
According to The Indian Express, the proceeds from the IPO will be utilized for purchasing of equipment required for capacity expansion of the facility at Dehradun Plant -IV and addition of injectables dosage capability at the facility at Dehradun Plant-II.
Investors can check the allotment status on BSE and Link Intime websites.
Here is a step by step guide to check allotment on the BSE website:
- Go to the BSE website (https://www.bseindia.com/investors/appli_check.aspx)
- It will redirect you to a page ‘Status of Issue Application’, from where the ‘Equity’ option has to be selected.
- In the drop-down menu, select ‘Windlas Biotech’
- Enter your application number and PAN card details
- Click the ‘I am not a robot’ to verify yourself and click ‘Search’ to see the allotment status
Steps to check allotment status on the Link Intime website:
- Go to Link Inktime website (https://linkintime.co.in/MIPO/Ipoallotment.html)
- Select Windlas Biotech as IPO name from the drop-down menu
- Enter Application number or PAN card details
- If you have entered the application number, select the application type
- Enter the captcha code and click ‘submit’
