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VLCC Health Care Ltd, one of the largest homegrown beauty and wellness companies in India, has filed preliminary papers with markets regulator Sebi to raise funds through an initial share-sale. The initial public offer (IPO) comprises fresh issuance of equity shares worth Rs 300 crore and an offer-for-sale (OFS) of 89.22 lakh equity shares by promoter and existing shareholders, according to draft red herring prospectus. ....
As per the initial prospectus submitted with SEBI, ixigo's IPO would comprise a fresh issue of Rs 750 crore and an offer for sale (OFS) to the tune of Rs 850 crore by existing stakeholders ....
The near Rs 3,000 crore IPO of the company has received strong response from high net-worth investors, institutional investors and retail investors. ....
The company has already decided to allocate 55,59,664 equity shares to anchor investors at Rs 1,618 apiece, valuing the transaction size to Rs 899.55 crore. ....
The owner of platforms such as CarWale, CarTrade, BikeWale and AutoBiz has a dozen brokerages recommending ‘subscribe ratings to the ‘exorbitantly priced issue, with some suggesting subscribing to it for listing gains while others seeing it worthy of medium to long-term investment. ....