IPO · Healthcare & Life Sciences
API Holdings files for six thousand crore IPO
By Startup Enthusiast ·
- Date
- Company
- API Holdings
- What it does
- Parent company of PharmEasy
- Kind
- IPO
- Amount
- ₹6,250 Cr
- Stage
- public
- Based in
- Mumbai
What they do
API Holdings operates as the parent entity for the digital healthcare platform PharmEasy
What happened
The company filed for an IPO (initial public offering; first-time sale of shares to the public) worth ₹6,250 crore
Why it matters
Funds will be used to repay debt and support both organic and inorganic growth initiatives
The details
- API Holdings has filed for an IPO to raise up to ₹6,250 crore.
- The offering includes a pre-IPO placement of up to ₹1,250 crore which may reduce the total issue size.
- The company will issue equity shares with a face value of ₹1 each.
- The minimum issue size is set at 10% of the post-issue paid-up equity capital.
- The final price band and minimum bid lot will be determined by the company at a later date.
The bigger picture
- The company intends to use the proceeds to repay or prepay existing borrowings of the firm and its subsidiaries.
- Capital will be allocated toward organic growth initiatives and general corporate purposes.
- The funds will also support inorganic growth through future acquisitions and strategic initiatives.
About the business
- API Holdings serves as the parent company for the online pharmacy brand PharmEasy.
- The company operates out of its registered office in Vikhroli West, Mumbai.
- It manages a network of digital healthcare services and pharmaceutical distribution.
- The firm coordinates its corporate operations through its dedicated secretarial department.
- It maintains a public presence through its official website and corporate contact channels.
What happens next
- The company will finalize the price band and bid lot size before the public offering.
The deal
- Type
- ipo
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