The initial public offer of Windlass Biotech, a manufacturer of pharmaceutical formulations, was subscribed 22.46 times on August 6, 2021, the closing day for subscription.

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The three-day IPO received bids for 13,77,39,750 shares against 61,36,252 shares on offer, as per NSE data. The category for Qualified Institutional Buyers(QIBs) was subscribed 24.40 times, non-institutional investors 15.73 times, and retail individual investors(RIIs) 24.27 times.

 

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