PharmEasy files for Rs 62.50 billion IPO
Bengaluru: Indian digital healthcare platform PharmEasy filed on Wednesday for an initial public offering (IPO) of up to 62.50 billion rupees ($842.43 million), becoming the latest startup in the country to pursue a domestic stock listing.
The company provides health services ranging from teleconsultation to radiology tests to home delivery of medical products and devices.
For the three months ended June 30, the proforma gross merchandise value or the total monetary value of all sales for the company stood at 30.26 billion rupees.
PharmEasy's IPO filing comes on a day when Indian fashion e-commerce startup Nykaa is set to debut on stock exchanges, while fintech platform Paytm closes subscription prior to its debut.
Citigroup Global Markets India, JM Financial Ltd, Kotak Mahindra Capital, Morgan Stanley India and BoFA Securities India are joint bookrunners in API Holdings' IPO.
Read also: PharmEasy parent appoints 5 independent directors
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