IPO · Healthcare & Life Sciences

Integris Medtech files for initial public offering

By Startup Enthusiast · 12 September 2026

What they do

Integris Medtech develops and manufactures medical devices and healthcare solutions through its various subsidiaries

The company filed for an IPO (initial public offering; first sale of stock to the public) comprising a fresh issue of ₹925 crore

Proceeds from the fresh issue will primarily be used to repay or prepay existing debt held by its various subsidiaries

Integris Medtech filed draft papers for an IPO to raise up to ₹925 crore through a fresh issue of shares.
The offering includes an offer for sale (existing shareholders selling their stakes) of over 21.6 million equity shares.
Promoter shareholders including Evercure Holdings, Gurmit Singh Chugh, and Punita Sharma are participating in the offer for sale.
The company may consider a pre-IPO placement (private share sale before public listing) of up to ₹185 crore.
Any pre-IPO placement will reduce the total size of the fresh issue by up to 20 percent.
The shares will be listed on the NSE (National Stock Exchange) in Mumbai.

The company plans to use the fresh capital to repay or prepay borrowings of its subsidiaries.
Subsidiaries benefiting from the debt reduction include Translumina Therapeutics, Transhealth, and HaleMed Medical Private Limited.
The company was previously known as Integris Health Private Limited.

Integris Medtech operates as a medical technology company focused on healthcare solutions.
The firm manages operations through multiple wholly-owned and step-down subsidiaries.
The company maintains its registered office in the Financial District of Hyderabad.
The business model involves manufacturing and distributing medical devices to healthcare providers.
The company utilizes a book building process to determine the final share price for investors.

The company will determine the final price band and minimum bid lot size before the public launch.

Evercure Holdings Pte. Ltd. (seller) — A promoter shareholder participating in the offer for sale.
Gurmit Singh Chugh (seller) — A promoter shareholder participating in the offer for sale.
Punita Sharma (seller) — A promoter shareholder participating in the offer for sale.