{"id":5529,"date":"2021-11-26T17:09:53","date_gmt":"2021-11-26T11:39:53","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-ipo-vlcc\/"},"modified":"2021-11-26T17:09:53","modified_gmt":"2021-11-26T11:39:53","slug":"biz-ipo-vlcc","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-ipo-vlcc\/","title":{"rendered":"VLCC gets Sebi&#8217;s clearance to launch IPO; may launch public issue in Dec"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-435393103\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>New Delhi, Nov 26 (PTI) VLCC Health Care Ltd, one of the largest homegrown beauty and wellness companies in India, has received capital markets regulator Sebi&#8217;s go ahead to float the initial public offering, market sources said on Friday.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1977996859\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>\u00a0 \u00a0 \u00a0 The company may launch the initial public offering (IPO) by December-end, they added.<\/p>\n<p>\u00a0 \u00a0 The IPO comprises fresh issuance of equity shares worth Rs 300 crore and an offer for sale (OFS) of 89.22 lakh equity shares by promoter and existing shareholders, according to the Draft Red Herring Prospectus (DRHP).<\/p>\n<p>\u00a0 \u00a0 \u00a0The OFS comprises sale of up to 18.83 lakh equity shares by promoter Mukesh Luthra, up to 18.97 lakh equity shares by OIH Mauritius Ltd and 52.42 lakh equity shares by Leon International.<\/p><div class=\"trade-content_5\" id=\"trade-38721247\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>\u00a0 \u00a0 \u00a0Currently, Vandana Luthra and Mukesh Luthra hold 44.35 per cent and 24.37 per cent stake in the company, respectively. Also, Leon International owns 13.65 per cent stake and OIH Mauritius has 5.04 per cent holding in the firm.<\/p>\n<p>\u00a0 \u00a0 Funds raised through the fresh issuance of shares will be used for setting up VLCC Wellness Clinics in India as well as the Gulf Cooperation Council (GCC) region, and VLCC Institutes in India.<\/p>\n<p>\u00a0 \u00a0 In addition, the proceeds would be utilized for\u00a0refurbishment of certain existing VLCC Wellness Clinics in India and the GCC region. Further, the funds will also be used in brand development, investment in digital and information technology infrastructure and debt payments.<\/p>\n<p>\u00a0 \u00a0 \u00a0 VLCC Health Care, which had filed its preliminary IPO papers with Sebi in August, obtained the regulator&#8217;s go ahead on Thursday to launch the public issue, the market sources said.<\/p>\n<p>\u00a0 \u00a0 \u00a0The company may consider a pre-IPO placement aggregating up to Rs 100 crore.\u00a0 If such placement is completed, the fresh issue size will be reduced.<\/p>\n<p>\u00a0 \u00a0 \u00a0 VLCC Health Care operates VLCC branded wellness and beauty clinics and VLCC branded institutes for skill development in beauty and nutrition. It also manufactures and sells VLCC branded personal care products.<\/p><div class=\"trade-content-10\" id=\"trade-2177055814\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>\u00a0 \u00a0 \u00a0Founded by Vandana Luthra, VLCC\u00a0was amongst the first multi-outlet corporate operations in the wellness and beauty industry, which was at that time mostly composed of individually operated, small scale businesses.<\/p>\n<p>\u00a0 \u00a0 \u00a0As of March 2021, the company has served customers across 310 locations in 143 cities and across 12 countries in South Asia, Southeast Asia, GCC region and East Africa.\u00a0 \u00a0 \u00a0 \u00a0The company has created an ecosystem of comprehensive services and products, including wellness programmes, weight\u00a0management solutions, personal care products, nutraceutical products and skill development training.<\/p>\n<p>\u00a0 \u00a0 \u00a0 ICICI Securities, DAM Capital Advisors, IIFL Securities are the merchant bankers to advise the company on the public issue. The equity shares of the company will be listed on BSE and NSE.\u00a0 \u00a0 \u00a0 \u00a0VLCC had previously filed draft papers for an IPO in 2015 and had received clearance from the regulator to launch the public issue too. However, it had withdrawn its IPO plans. PTI SP BJ       RUJ RUJ<\/p>\n<div class=\"trade-after-content\" id=\"trade-4074124418\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Nov 26 (PTI) VLCC Health Care Ltd, one of the largest homegrown beauty and wellness companies in India, has received capital markets regulator Sebi&#8217;s go ahead to float the initial public offering, market sources said on Friday. \u00a0 \u00a0 \u00a0 The company may launch the initial public offering (IPO) by December-end, they added. [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1516],"tags":[],"class_list":["post-5529","post","type-post","status-publish","format-standard","hentry","category-ipo"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>VLCC gets Sebi&#039;s clearance to launch IPO; may launch public issue in Dec - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-ipo-vlcc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"VLCC gets Sebi&#039;s clearance to launch IPO; may launch public issue in Dec\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Nov 26 (PTI) VLCC Health Care Ltd, one of the largest homegrown beauty and wellness companies in India, has received capital markets regulator Sebi&#8217;s go ahead to float the initial public offering, market sources said on Friday. \u00a0 \u00a0 \u00a0 The company may launch the initial public offering (IPO) by December-end, they added. 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