VLCC Health Care Ltd. has got the green signal from SEBI (Securities and Exchange Board of India) to introduce its IPO. Market sources say that its IPO may launch at the end of December.
This issue will be in two parts, new issuance of equity shares and an offer for sale from promoters and existing stockholders. Let’s take a look at some details of the proposed IPO of VLCC Health Care Ltd.
Some of the key details of the VLCC Health Care Ltd IPO are listed below.
Below is a table showing the break-up of the Offer of Sale from various promoters and shareholders.
|Equity shares of up to 18.83 lakhs
|OIH Mauritius Ltd.
|Equity shares of up to 18.97 lakhs
|Equity shares of up to 52.42 lakhs
Every IPO has an objective behind raising funds. VLCC Health Care Ltd. proposes to achieve the following goals with the money raised from their purported IPO.
VLCC offers a series of comprehensive product offerings. It is among India’s largest beauty and wellness brands. Some of the avenues in which the company is engaged are:
This Vandana Luthra founded company, is a pioneer in the Indian beauty and wellness sector. Previously, only small businesses dominated the skyline for this sector.
Presently, the company has served across 143 cities in 12 countries from around 310 outlets. They are widely active in regions like South and Southeast Asia, East Africa, and the GCC region.
Ahead of its IPO, VLCC has raised Rs. 37 crores from the sale of equity shares to Zall Holdings Ltd. Moreover, OIH Mauritius and Leon International are looking to exit as stakeholders of the company.
Further, the Indian wellness industry is set to grow at a 10-12% CAGR. It is also expected to reach $40-42 billion by the financial year 2025. In the financial year ended March 2021, the company reported a profit of Rs. 6.24 crores.
Hence, for those looking to invest in this company, make an informed choice after consultation with financial advisors.
Ans. Below is a break-up of the stakeholders in VLCC Health Care Ltd.
|Name of the Promoter/ Stakeholder
|Percentage of stake held
Apart from Vandana Luthra, all the other stakeholders will dilute their stake in the company should the IPO go ahead.
Ans. VLCC had initially decided to go the IPO route in 2015. However, despite receiving clearance, the company did not go ahead with the plans.
Ans. The merchant bankers to advise on the issue are:
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