News > PharmEasy parent API Holdings files DRHP for IPO

PharmEasy parent API Holdings files DRHP for IPO

10/11/2021 11:07 AM | Click to read full article

API Holdings, the parent company of pharmacy platform PharmEasy, has filed draft red herring prospectus (DRHP) for an IPO with the SEBI. The company seeks to raise Rs 6,250 crore via fresh equity issuance.

API Holdings is also exploring the option of a pre-IPO fundraise via private placement to the tune of Rs 1,250 crore. If the Pre-IPO round is done, it will reduce the amount from the IPO issue size.