VLCC keen on IPO for expansion

Delhi-based wellness chain VLCC will soon float its Initial Public Offer (IPO) to raise funds for expansion.The company had earlier postponed the IPO due to adverse capital market conditions following the global meltdown.“We are on with the IPO plan for expansion,” VLCC regional operations head Surabhi Singh said.VLCC is looking at investing Rs 400 crore on expansion in near future. It has 225 centres in 75 Indian cities, besides 10 international centres in the UAE, Oman, Bahrain and Nepal.