VLCC Health Care gears up for IPO

VLCC Health Care gears up for IPO

THE WHAT? VLCC Health Care is gearing up to float on the Indian stock market, according to a report published by The Times of India.

THE DETAILS The Indian health and wellness company has filed preliminary papers with the markets regulator.

The offer for sale comprises up to 18.83 lakh equity shares by Mukesh Luthra, up to 18.97 equity shares by OIH Mauritius and 52.42 lakh equity shares by Leon International.

THE WHY? VLCC Health Care is hoping to raise funds in order to set up VLCC Institutes in India as well as its own wellness clinics in India and the GCC, per The Times of India.

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