Windlas Biotech IPO GMP TODAY (LIVE DATA) Latest Grey Market Premium Updates

Windlas Biotech IPO GMP Today, Windlas Biotech IPO Grey Market Premium Updates | Windlas Biotech IPO Listing Gain, Latest target, Opening gain

Windlas Biotech Ltd initial public offer (IPO) is set to open for subscription on Aug 04 and close on Aug 06, after it received capital market regulator Sebi’s go-ahead to raise Rs 401.54 crore through public issue.

Windlas Biotech Ltd is one of the leading companies in the pharmaceutical formulations contract development and manufacturing organizations (CDMO) segment in India. The company offers a range of CDMO services from product discovery to product development, licensing, and commercial manufacturing of generic products including complex generics.

Check out Windlas Biotech IPO grey market premium, Kostak rates, and subject to sauda rates as of today.

Windlas Biotech IPO Details:

Issuer Windlas Biotech Ltd
Issue Type Book Built Issue IPO
Issue Period Issue Opens: Aug 04, 2021
Issue Closes: Aug 06, 2021
Price Brand ₹448 to ₹460 Per Share
Issue Size ₹401.54 Crores
Face Value Rs.5 per Equity Share
Market Lot 30 Shares
Maximum Bid amount for Retail Rs. 2 Lakhs
QIB 50% of the issue size
NIB 15% of the issue size
Retail Individual Bidders 35% of the issue size
Fresh Issue ₹ 165 Cr
Offer for Sale ₹ 236.54 Cr
Listing at NSE & BSE
Apply With Upstox Free DEMAT Account
Equity 13424000 Shares
Grey Market Price Windlas Biotech IPO GMP Today

UPCOMING IPO IN AUGUST 2021

IPO ALLOTMENT TIPS & TRICKS

Windlas Biotech IPO Review

Windlas Biotech IPO GMP Rates day by day

Windlas Biotech IPO Grey market premium as on today

Date GMP (in INR) Kostak (in INR) Subject to Sauda
17 AUG 2021
16 AUG 2021
15 AUG 2021 90
14 AUG 2021 90
13 AUG 2021 90
12 AUG 2021 22
11 AUG 2021 70
10 AUG 2021 40
06 AUG 2021 50
05 AUG 2021 90
04 AUG 2021 90
03 AUG 2021 90
02 AUG 2021 91
01 AUG 2021 90
31 July 2021 80
30 July 2021 70
29 July 2021

How to Apply for Windlas Biotech IPO :

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In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.

Windlas Biotech IPO Market Lot:

 Lot Size:  Minimum 30 Shares & Maximum 420 Shares
 Minimum Amount:  ₹13800
 Maximum Amount: ₹193200

Windlas Biotech IPO Allotment & Listing:

 Basis of Allotment: AUG 11, 2021
 Refunds: AUG 12, 2021
 Credit to Demat Account: AUG 13, 2021
 Listing Date: AUG 17, 2021

Check:- Windlas Biotech IPO Allotment Status

Disclaimer:

– IPO Grey Market Premium (IPO GMP) mention is valid for the specific date as mentioned in the header.
– We are not buying and selling IPO forms on IPO Grey Market.
– Kostak Rate is the premium one gets by selling his/her IPO application (in an off-market transaction) to someone else even before allotment or listing of the issue.
– Do not subscribe for IPO by just seeing premium Price as it may change anytime before listing. Subscribe only considering Fundamental of the companies.
– This is only coverage of News related to Grey Market . We don’t deal in Grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

IPO GMP rates are provided as sourced from market intelligence. Please note these IPO GMP rates may be different depending on geographies and markets.

We don’t trade into grey market nor do we facilitate buying or selling of IPO forms.

What is Grey Market?

Grey Market is the term used to describe unregulated over-the-counter market for trading IPO applications and IPO shares before the stock is listed at a stock market. This is a way for dealers to support their customers who may want to exit before listing.

This is also a way to boost the listing price and support the issue before listing happens. There are two kinds of transactions that happen in thee IPO grey market:

  • Trade of IPO shares at a grey market premium
  • Trade of IPO application at a kostak.

What is Grey Market Premium?

GMP or Grey Market Premium is the premium at which equity shares from the IPO are being traded in the grey market.

This could either be a positive or negative – meaning the trading price in the grey market is either higher or lower than issue price respectively, based on demand and supply for the shares.

Typically, investors who do not want to take the risk of allocation not happening through IPO will buy shares in the gray market and hope to flip the shares on listing to make a good profit.

What is Kostak?

Kostak is the premium at which IPO application is being traded in the grey market. Applications are typically traded after the application window is closed but the allotment has not yet been finished.

It is rare for someone to trade IPO application post-allocation. This is a way for investors to increase their chance of shares being allotted as the allocation process treats each retail application equally. An example (indicative) for kostak is:

Example:

Windlas Biotech Limited
Issue Price: Rs 306 Per Equity Share (Maximum Bid price)
Lot Size: 45
Grey Market Premium: Rs 220 to Rs 230
Kostak (Rs 13770): Rs 680 to Rs 720

This means Windlas Biotech applications of Rs 14400 are being traded in IPO Grey Market at Rs 695 to Rs 720.

Despite the fact that this IPO’s Grey Market Premium is roughly 75% of the issue price, the ‘Kostak’ is just 5% of the application value.

As can be seen the Kostak is at a much lower %age than GMP. This indicates that the grey market expects the issue to be oversubscribed and expects on an average only one lot to be allocated per application.

Kostak rate is the amount an investor gets by selling his/her IPO application in grey market. This is the amount an investor stands to gain, irrespective of allotment status.

Subject to Sauda simply reflects the amount which an investor stands to get by selling his/her application for firm allotment. The key operative word here is firm allotment. In case of no allotment to the applicant, the sauda stands cancelled.

In case of ‘Subject to Sauda’ deal, while selling IPO application in the grey market, buyer and seller agree that deal is only valid if the seller will get the allotment. If the seller doesn’t get any shares in IPO process, the deal gets avoid.

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