VLCC Healthcare Ltd IPO Details with Share Price Range and Issue Size | Motilal Oswal

VLCC Healthcare Ltd IPO

Opening Date 

To be announced

Closing Date

To be announced

Face Value

To be announced

IPO Price Band

To be announced

Minimum Order Quantity

To be announced

Issue Size

TBA (*Fresh Issue of Rs 3,000 Million)


 

The month of November saw a string of IPOs releasing, leaving the investors with a mixed feeling. India’s biggest IPO till date, PAYTM, worth Rs 18,300 Crores went public in November 2021. Sigachi Industries, which went public on 15th November, 2021, returned more than 250% on investment, making it one of the top performing IPOs of the Month. Looking at this, here we bring to you the next big IPO which is lined up to go public in the last month of the year 2021. So, let’s take a look at the important elements of the VLCC Healthcare Ltd IPO which is slated to go live in December 2021.

  • About the Company

Founded in 1996, VLCC Healthcare Ltd is a beauty and wellness company. The company primarily operates its business through its three core business models: 1) Wellness & Beauty Clinic; 2) Personal care products; and 3) Institutes for skill development in beauty and nutrition. As of March 31, 2021, the company serves customers across 310 locations in 143 cities and across 12 countries in South Asia, South East Asia, the Gulf Cooperation Council Region (“GCC Region”) and East Africa. In the Fiscal 2021, the company reported a total income of Rs 5,652.42 million, and a profit of Rs 62.42 million, with an EBITDA of Rs 1,501. 19 million. 

  • VLCC Healthcare Ltd IPO details

Let’s now move onto the main part of this article. Here, we’re going to be looking at some of the most important details of this upcoming IPO viz - VLCC Healthcare Ltd IPO date and it’s share price.

  • VLCC Healthcare Ltd IPO date - 

According to the Red Herring Prospectus filed by the company, the public issue of the equity shares is slated to go live from December, 2021. The exact date of the issue will be soon announced.

  • VLCC Healthcare Ltd IPO issue size - 

The IPO will bring out a fresh issue of Rs 3,000 million, which will be coming out in December 2021.

  • VLCC Healthcare Ltd IPO share price

The price band of the company’s upcoming IPO is yet to be declared. 

  • VLCC Healthcare Ltd IPO listing

Since the IPO of VLCC Healthcare Ltd is from the mainboard, it would be listed on both - the National Stock Exchange (NSE) as well as the Bombay Stock Exchange (BSE)

  • VLCC Healthcare Ltd IPO objectives 

According to the Red Herring Prospectus filed by the company, it aims to utilise the Net Proceeds towards funding the following objects: 

- To  set up  VLCC  Wellness  Clinics  in  India  and  GCC  Region,  and  VLCC  Institutes  in  India,  and refurbishment of certain existing VLCC Wellness Clinics in India and GCC Region;

- Repayment  and/ or  prepayment,  in  part  or  full,  of  certain borrowings  availed  by  the Company and Subsidiaries; 

- Investment for brand development; 

- Investment in digital and information technology infrastructure

- General corporate purposes

Conclusion

If you are excited about this upcoming IPO and want to invest in it, you will first need to have an online DEMAT Account of your own! And to get it for Free*, all you need to do is sign-up with Motilal Oswal. 

If you already have an existing account, you can  start your online trading and invest in the upcoming IPO's.

With a plethora of companies coming forward with their own IPOs in quick succession, you can keep a track of all the upcoming IPOs by regularly following our IPO calendar.

 

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