New i p oPublic Interest

IPO Update: Healthvista India Limited receives final SEBI observations for their proposed IPO

*SEBI Link:*

Healthvista India Limited, the leading out-of-hospital healthcare provider in India with brand Portea (out-of-hospital healthcare services) has received final observations from SEBI for their proposed IPO.

The Company plans to raise funds through an offer of equity shares of face value ₹1 each. The offer consists of fresh issue aggregating up to ₹2,000 million, (the “Fresh Issue”) and an offer for sale up to 56,252,654 by Investor Selling Shareholders (the “Offer for Sale”).

Healthvista India is the leading out-of-hospital healthcare provider in India, based on revenue and highest market share of 21% of the organised out-of-hospital healthcare market in Fiscal 2021, as well as in terms of the number of cities covered as of December 31, 2021. (Source: F&S Report) Under its well established brand Portea, it provides a comprehensive range of out-of-hospital healthcare services, including primary care, geriatric (elderly) and palliative (end-of-life) care, intensive care unit (“ICU”) care, post-operative and post-hospitalization care, chronic care, mother and baby care and cancer care, all at home.

*Book Running Lead Managers to the IPO:* SBI Capital Markets Limited, IIFL Securities Limited and JM Financial Limited

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