PharmEasy parent API Holdings files draft papers for Rs 6,250 crore IPO

NEW DELHI: API Holdings, the parent entity of India’s largest e-pharmacy platform PharmEasy, has filed a draft red herring prospectus (DRHP) with market regulator Sebi for a Rs 6,250 crore initial public offering (IPO).

The company may, in consultation with the BRLMs (book running lead managers), consider a private placement of equity shares for cash consideration aggregating Rs 1,250 crore, prior to filing of the red herring prospectus (RHP) with the RoC, API Holdings said in its DRHP.