VLCC submits documents for IPO with SEBI
VLCC Healthcare Limited has submitted the initial documents for Initial Public Offering (IPO) with the Securities and Exchange Board of India (SEBI).
VLCC Healthcare is the largest indigenous beauty and wellness company.
According to the documents, new equity shares worth Rs 300 crore will be issued under the IPO and the promoter and existing shareholders will bring an offer for sale (OFS) of 89.22 lakh equity shares.
Under the OFS, promoter Mukesh Luthra will offer 18.83 lakh equity shares, OIH Mauritius Ltd 18.97 lakh and Lyon International 52.42 lakh equity shares.
At present, Vandana Luthra and Mukesh Luthra hold 44.35 per cent and 24.37 per cent respectively in the company. Lyon International holds 13.65 per cent and OIH Mauritius holds 5.04 per cent.
