This new pharmaceutical company is bringing IPO, know everything
IPO Update: The country’s IPO market is just out there. One after the other, many companies are bringing their initial public offering ie IPO. Now online pharmacy company PharmEasy is also going to bring IPO. FarmEasy’s parent company API Holdings is also now preparing to launch an IPO. The company has filed DRHP with SEBI for this. This is a very important step for bringing an IPO.
issue size
The company wants to raise Rs 6,250 crore by issuing new shares. The company is also exploring options to raise Rs 1,250 crore through pre-IPO placement. If the pre-IPO placement is successful, the size of the IPO issue may come down.
these will be bankers
Kotak Mahindra Capital, Morgan Stanley India, Bank of America Securities, Citigroup Global, JM Financial have been appointed as bankers for this IPO. Apart from this, plans to acquire Thyrocare by API Holdings are also underway. The company will maintain a majority stake in it. Thyrocare is a big name in the diagnostics field.
Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. Anyone from ABPLive.com Also investing money is never advised here.)
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