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E-pharmacy giant PharmEasy files DRHP for INR 6,250 Cr IPO

Shortpedia

Content Team
Image Credit: Inc42

API Holdings, the parent company of epharmacy unicorn PharmEasy has filed its draft red herring prospectus with market regulator SEBI. PharmEasy will be raising up to INR 6,250 Cr through a fresh issue of shares. The offer does not include offer-for-sale, meaning no existing shareholders will sell their stakes. The company will consider an option of pre-IPO fundraise of up to INR 1,250 Cr through private placement.