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Pharmeasy IPO (API Holdings IPO)
#pharmeasy #apiholdings #pharmeasyipo
A thread on the key takeaways from DHRP .....
IPO expected in Feb 2021
investmentbank.kotak.com/downloads/api-…
#pharmeasy #apiholdings #pharmeasyipo
A thread on the key takeaways from DHRP .....
IPO expected in Feb 2021
investmentbank.kotak.com/downloads/api-…
The parent company of PharmEasy, API Holdings, has filed for its DRHP with SEBI on 08th Nov for a fresh issue of ₹6,250cr ($830m) value equity shares and there is no offer for sale (OFS) by the promoters.
They are also looking for a pre-IPO placement of ₹1,250 cr in this issue
They are also looking for a pre-IPO placement of ₹1,250 cr in this issue
Objectives of the issue
1. Repay its outstanding debt of ₹1,930cr
2. Fund organic growth initiatives ₹1,260cr (marketing and promotional activities, supply chain and ramp up technology infra)
3. Fund inorganic growth initiatives ₹1,500cr
4. Corporate purposes ₹1,560cr
1. Repay its outstanding debt of ₹1,930cr
2. Fund organic growth initiatives ₹1,260cr (marketing and promotional activities, supply chain and ramp up technology infra)
3. Fund inorganic growth initiatives ₹1,500cr
4. Corporate purposes ₹1,560cr
