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Vlcc receives approval from Sebi for IPO;  Likely launch in December

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.

Founded by Vandana Luthra, VLCC was one of the first multi-point-of-sale companies in the wellness and beauty industry, which at the time was mostly made up of small, individually run businesses.
The company has created an ecosystem of comprehensive services and products, including wellness programs, weight management solutions, personal care products, nutraceuticals, and skills development trainings. ICICI Securities, DAM Capital Advisors, IIFL Securities have been appointed as investment bankers to advise the company on the public offering. The company’s shares will be listed on BSE and NSE.

(Edited by : Anshul)

First publication: STI


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