Beauty and wellness company VLCC Health Care has received approval from market regulator Sebi for its initial public offering (IPO). The size of the IPO for the same will be Rs 700-800 crore. VLCC could launch the IPO around mid-December.
Contacted, however, the VLCC did not comment on CNBC-TV18 to question.
Previously, the company pulled its IPO back in 2016 due to demonetization.
VLCC Health Care operates VLCC branded wellness and beauty clinics and VLCC branded institutes for the development of beauty and nutrition skills. It also manufactures and sells VLCC brand personal care products.
(Edited by : Anshul)
First publication: STI