Tuesday, 5 January 2016

VLCC gets Sebi nod for Rs. 400 crore IPO

Report says that the company is planning IPO to fund its expansion in domestic as well as international markets.


IPO
Capital markets regulator Sebi has given approval to beauty and wellness firm VLCC Health Care to raise at least Rs. 400 crore through IPO, according to reports.

Report says that the company is planning IPO to fund its expansion in domestic as well as international markets. 
The firm had filed draft red herring prospectus (DRHP) with Sebi on September 23.

The initial public offer (IPO) comprises fresh issue of shares worth Rs 400 crore and an offer for sale of up to 37.67 lakh equity shares by the existing shareholders, says report.
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