Meena Ganesh
Co-founder & Chairperson,
Portea Medical
THE leading home healthcare player of the healthcare industry, Portea Medical will soon make its debut on both, the Bombay Stock Exchange and the National Stock Exchange under its parent company’s name Healthvista India. And this feat can be seen as the arrival of the home healthcare industry on the centre stage, with Healthvista India becoming the first company of the sector to offer an Initial Public Offering (IPO).
The company will be looking to raise approximately Rs 1000 crore from its IPO with a fresh issue of equity shares worth Rs 200 crore and an offer for sale (OFS) of up to 56,252,654 shares worth Rs 800 crore as part of its impending IPO. In its IPO bid at the Indian stock exchanges, the company will seek inorganic growth initiatives, while also looking to fund working capital requirements in its pharmaceutical company Medybiz Pharma, purchase of medical equipment and pay back certain debts incurred by the company over the years.
This story is from the 01 July 2023 edition of Business World India.
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This story is from the 01 July 2023 edition of Business World India.
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