The entire IPO of Pharmeasy will be of fresh shares.
online pharmacy PharmEasy is going to bring an IPO of 6000 to 6500 crores. PharmEasy’s parent company API Holdings is soon going to file its draft paper i.e. DRHP in SEBI for this. According to sources, this IPO will be completely based on fresh share issue.
Entire IPO will be of fresh share
Sources related to the process of bringing IPO say that the size of the IPO can be from 6000 to 6500 crores. could. It says that under this completely fresh shares will be issued. Earlier the IPO was to come in October but it took time to complete the free-IPO round and now it may come in the early months of November.
Nykaa IPO oversubscribed almost 5 times on second day, can invest money till November 1
The valuation of the company is currently Rs 5600 crore.
Mumbai-based company Pharmeasy recently completed a pre-IPO round of around Rs 2650 crore. After this the valuation of the company increased to Rs 5600 crore. It may get listed at a higher valuation. The company wants to bring the IPO at such a price that its valuation can increase further.
After listing, Pharmeasy will also join the top tier start-up to bring IPO. After the record breaking IPO of Zomato, the enthusiasm of start-up companies bringing IPO has increased further. Paytm and Policybazaar are about to bring their IPO, while Nykaa’s IPO has arrived. Delhivery may also file its draft paper by next week. Nykaa’s IPO was subscribed 4.82 times on the second day. This issue will close on 1st November. Investors bid for 2.64 crore shares as against 12.77 equity shares of this primary issue.
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