Windlas Biotech off to a weak start, lists at 5% discount to issue price

The stock listed at Rs 437, 5 per cent below its issue price of Rs 460 on the NSE

Shares of Windlas Biotech (WBL) made a disappointing debut on Monday, as the shares of the company listed at Rs 437, 5 per cent below its issue price of Rs 460 on the National Stock Exchange (NSE). The stock of the pharmaceuticals company, meanwhile, opened at Rs 439 on the BSE.

At 10:19, WBL was trading at Rs 431, down 6 per cent against the issue price on the NSE. The stock hit a high of Rs 452 and a low of Rs 405 so far in trade. A combined 1.9 million equity shares have changed hands on the counter on