100  Total SME IPOs listed in 2025

4,441.26 Crs.  Total funds raised in 2025

69  SME IPOs listed with Gain in 2025

31  SME IPOs listed with loss in 2025

100  Total SME IPOs listed in 2025

4,441.26 Crs.  Total funds raised in 2025

69  SME IPOs listed with Gain in 2025

31  SME IPOs listed with loss in 2025

100  Total SME IPOs listed in 2025

4,441.26 Crs.  Total funds raised in 2025

69  SME IPOs listed with Gain in 2025

31  SME IPOs listed with loss in 2025

100  Total SME IPOs listed in 2025

4441.26 Crs.  Total funds raised in 2,025.00

69  SME IPOs listed with Gain in 2025

31  SME IPOs listed with loss in 2025

Windlas Biotech Limited IPO Analysis

Windlas Biotech IPO is a Book Building listing on BSE,NSE exchange, with an ipo size of ₹ 401.54 Cr. The company is based in Dehradun and caters to Pharmaceutical sector. Dam Capital Advisors (Formerly Idfc Securities ) , IIFL Securities , SBI Capital Markets are the merchant bankers of Windlas Biotech IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 13th May 2021.

Windlas Biotech IPO posted revenues of ₹ 430.70 crores and PAT of ₹ 15.57 crores in FY25 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 427.60 Cr.
            EBITDA: ₹ 36.00 Cr.
            PAT: ₹ 15.57 Cr.
  • EBITDA Margin: 8.42 %
            Pat Margin: 3.64 %
  • Net Worth: ₹ 199.12 Cr.
  • Market Capitalisation: [●]
  • P/E: 64.00 times
  • P/BV: [●]
  • EV/EBITDA: 0.40 times
Nature of IPO : MainBoard
Exchange : BSE,NSE
IPO Type : Book Building

Windlas Biotech IPO Financial Performance (Restated)

Financial results of Windlas Biotech IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials FY21 FY20 FY19
Balance Sheet
Assets 296.12 338.49 298.18
Net Worth 199.12 209.66 193.59
Total Debt 30.24 22.16 22.90
Profit & Loss
Revenue
Revenue on annualised basis
427.60 328.85 307.27
EBITDA
EBITDA on annualised basis
36.00 36.49 91.54
PAT
PAT on annualised basis
15.57 16.21 63.82
Financials
FY21
FY20
FY19
Balance Sheet
Assets
296.12
338.49
298.18

Net Worth
199.12
209.66
193.59

Total Debt
30.24
22.16
22.90

Profit & Loss
Revenue
Revenue on annualised basis
427.60
427.60
328.85
307.27

EBITDA
EBITDA on annualised basis
36.00
36.00
36.49
91.54

PAT
PAT on annualised basis
15.57
15.57
16.21
63.82

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Windlas Biotech IPO Key performance Indicators (KPI)

Windlas Biotech IPO PAT Margin is 3.64 % , ROCE (Return on Capital Employed) is [●] % as per latest financial. The below table shows Windlas Biotech IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars FY21 FY20 FY19
EBITDA Margin (%) 8.42 11.10 29.79
PAT Margin (%) 3.64 4.93 20.77
EPS (₹) 8.70 8.90 38.61
ROE (%) 7.82 7.73 32.97
ROCE (%) [●] [●] [●]
ROA (%) 5.26 4.79 21.40
Debt to Equity 0.15 0.11 0.12
Particulars
FY21
FY20
FY19

EBITDA Margin (%)
8.42
11.10
29.79

PAT Margin (%)
3.64
4.93
20.77

EPS (₹)
8.70
8.90
38.61

ROE (%)
7.82
7.73
32.97

ROCE (%)
[●]
[●]
[●]

ROA (%)
5.26
4.79
21.40

Debt to Equity (x)  
0.15
0.11
0.12

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Windlas Biotech IPO Valuation Metrics

The market Capitalisation of Windlas Biotech IPO is ₹ 0.00 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
[●]

Enterprise Value (EV) (₹ Cr.):
[●]

EV/EBITDA (times) :
[●]

PE Multiple (times) :
64.00

P/B (times) :
[●]

NAV (₹) :
109.36

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Windlas Biotech prospectus?

The Windlas Biotech IPO prospectus highlights an Return on Equity (ROE) of 7.82 % , Return on Assets (ROA) of 5.26 %, and an EBITDA Margin of 8.42 %, showcasing financial performance.

How do profitability ratios impact the evaluation of Windlas Biotech IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Windlas Biotech IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Windlas Biotech IPO ?

The post-IPO market capitalisation of Windlas Biotech IPO is ₹ 0.00 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Windlas Biotech IPO?

The Windlas Biotech IPO has a Price-to-Earnings (PE) ratio of 64.00 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Windlas Biotech IPO?

Windlas Biotech IPO reported revenue of ₹ 430.70 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Windlas Biotech IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Windlas Biotech IPO?

Windlas Biotech recorded an EBITDA of ₹ 36.00 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Windlas Biotech IPO?

Windlas Biotech Profit After Tax (PAT) is ₹ 15.57 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 427.60 Cr.
            EBITDA: ₹ 36.00 Cr.
            PAT: ₹ 15.57 Cr.
  • EBITDA Margin: 8.42 %
            Pat Margin: 3.64 %
  • Net Worth: ₹ 199.12 Cr.
  • Market Capitalisation: [●]
  • P/E: 64.00 times
  • P/BV: [●]
  • EV/EBITDA: 0.40 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Windlas Biotech operates in Pharmaceutical and Domestic Pharmaceutical Formulations Contract Development And Manufacturing. The Issue is listed on BSE,NSE in Aug, 2021. Windlas Biotech IPO size was 401.54 with Issue price of 460.00 .

Merchant Banker(s) of Windlas Biotech IPO: Dam Capital Advisors Limited (Formerly Idfc Securities Limited) , IIFL Securities Limited , SBI Capital Markets Limited

Windlas Biotech IPO subscription was 22.44 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Windlas Biotech IPO listed at a listing price of 406.70 against the offer price of 460.00.

The current market price of Windlas Biotech is 901.25.

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