VLCC Health Care will utilise the internet IPO proceeds to determine VLCC Wellness Clinics
VLCC Health Care has filed the draft crimson herring prospects with markets regulator Sebi to lift funds by way of an initial public offering (IPO). The major market offering of one of the largest beauty and wellness companies in India will comprise a recent problem of shares price Rs 300 crore and an offer-for-sale (OFS) of 89.22 lakh fairness shares by promoters and current shareholders. VLCC Health Care shares are prone to be listed on each, BSE and NSE.
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VLCC Health Care will utilise the internet IPO proceeds to determine VLCC Wellness Clinics in India and GCC Region, and VLCC institutes in India. It will even use the cash to refurbish current VLCC Wellness Clinics in India and GCC Region, and to repay money owed.
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VLCC Health Care operates VLCC branded wellness and beauty clinics and VLCC branded institutes for ability growth in beauty and vitamin, and additionally sells VLCC private care merchandise. Vandana Luthra and Mukesh Luthra are promoters of the firm.
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ICICI Securities, DAM Capital Advisors and IIFL Securities are the service provider bankers to the public problem.
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