Personal care and wellness company VLCC Health Care has filed its draft proposal with the Securities and Exchange Board of India (Sebi) for Rs 400 crore plus initial public offering (IPO) this year.
VLCC being the 29th company to file draft papers with the market regulator comprises fresh shares worth Rs 400 crore and an offer for sale of 37.7 lakh shares by existing shareholders.
Delhi-based VLCC plans to use the proceeds to fund its expansion in the domestic and international markets.
In the last one month, four companies, Matrimonial.com, Teamlease Services, Alkem Labs and Dr Lal Path Labs had filed draft with Sebi and plan to raise total of Rs 1,000 crore.
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