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initial public offering of three companies – API Holdings, parent company of online pharmacy retailer PharmEasy, Adar Poonawalla-backed Wellness Forever Medicare and metal recycling firm CMR Green Technologies.
As per the information on the processing status of issues on SEBi’s website, the three companies have been issued observation letters by the market regulator last week on February 16-17, 2022. These companies had filed their preliminary IPO papers with SEBI between September and November last year.
In SEBI’s parlance, its observation implies go-ahead to launch an Initial Public Offering (IPO).
API Holdings (PharmEasy)
According to the draft red herring prospectus filed with the regulator, API Holdings is aiming to raise Rs 6,250 crore through its IPO.
