Digital Healthcare Platform The fire pharmaceutical firet company was submitted for initial public offering (IPO) to 6,250 Crore Rs on Tuesday.
This problem does not have a supply component for sale (ofs), which means that no shareholders in Farmeasy will sell their shares in the company now.
Business Prosus, TPG growth, CDPQ and Temasek are included among Top Plainsy investors.
Their decision not to cash during the IPO showed the trust between the Farmureasy investor about the potential for the company’s growth.
Archiving IPO FarmEasy came on the day when e-commerce mode Mode Nykaa was registered at a 79 percent premium at the price of the problem on the stock market, while the Paytm Fintech platform closed the subscription before his debut.
Pharmacy also considered pre-IPO fundraising through private placements with 1,250 crore Rs tones.
After the pre-IPO round is complete, it will reduce the amount raised from the size of the IPO problem and the size of the minimum problem will be at least 10 percent of the company’s post-edition equity stock capital.
The company has collected $ 350 million (RS 2,635.22 Crore) in the new equity financing round of a group of new investors in October, assessing the company at $ 5.6 billion (Rs 42,197.79 Crore).
The main funding of $ 205 million was secured from new investors, including Singapore-based AMANSA capital, Hedge Fund Apah Capital, As Janus Henderson, Orbimed, Orbimed, SteadView Capital, ABQ, New York -Based Hedge Fund Neuberger Berman and London’s Sanne Group.
In April, he raised $ 350 million from the Prosus Ventures (formerly Naspers) and TPG growth in the assessment of $ 1.5 billion, became the first unicorn e-pharmacy of India.
Until now, pharmacy has collected more than $ 1.2 billion in equity and debt funds.
In an effort to diversify its operations, the company has obtained Thyrrocare Technologies, the largest diagnostic test provider in India with volume, in June 2021 for $ 600 million.
In May 2021 it completed a smaller rival medal acquisition to become the largest pharmaceutical and health care aggregator in the country.
On September 2021, the company acquired the majority of Bengaluru-based technology, a medical supply chain startup for an uncovered amount.
The results of fresh problems will be used for advance payments or payment of debt circulating to RS Nada 1,929 Crore.
This will use Rs 1,259 Crore to fund organic growth initiatives while Rs 1,500 Crore on an inorganic growth opportunities through acquisition and other strategic initiatives.
Mahindra Capital Company Ltd., Morgan Stanley India Company Private Ltd, Bofa Securities India Limited, Citigroup Global Markets India Private Ltd, JM Financial Ltd is a banker for public problems.
Established in 2015 by Sheth and Shah, the phereasy joined his investor entity, his climbing, to form a fire holdings in 2019.
Five founders of fire holdings, Siddharth, Harsh, Harsh, Dharmil and Dhaval were friends of childhood, commonly referred to as ‘Gang Ghatkopar’, because they all grew up on the outskirts of Ghatkopar in Mumbai.
According to the RedSeer report, Fire Holdings is the largest digital health care platform in India based on the value of gross traders (GMV) products and services sold for the year ending March 31, 2021.
It is an integrated business, end to end which aims to provide a solution For consumer health needs provide digital tools and information about diseases and health, offering telecasting, offering diagnostic and radiological tests, and providing treatment protocols including products and devices.