InvestorQ : What does VLCC propose to do an IPO for?
indhumathi Sayani made post

What does VLCC propose to do an IPO for?

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4 months ago
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VLCC Health Care, one of India’s leading fitness and beauty chains founded by Vandana Luthra, has filed DRHP with SEBI for proposed IPO. The IPO will comprise of a fresh issue of Rs.300 crore and an OFS of 89.22 lakh shares by early shareholders. VLCC will use fresh IPO proceeds to establish VLCC Wellness Clinics across India and GCC Region as well as refurbish existing VLCC Wellness Clinics. It also proposes to use part of the funds to defray debt.

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