Financial Insights

PharmEasy parent API Holdings files DRHP for the IPO

API Holdings, the parent company of the pharmacy platform PharmEasy, has submitted a draft of the Red Herring Prospectus (DRHP) for an IPO at SEBI.

The company aims to raise Rs 6,250 crore via fresh equity issuance.  API Holdings is also looking for the option of a pre-IPO fundraise via private placement to the tune of Rs 1,250 crore that it will reduce the amount from the IPO issue size.

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