Inflation trajectory and the actions of global central banks, especially the US Fed will be keenly watched by market participants. In this backdrop, primary markets will remain in wait and watch mode
Shares of new-age companies have dropped more than 60% amid liquidity squeeze.
API Holdings, the parent company of PharmEasy, wrote to shareholders announcing withdrawal of DRHP
Indian drug and medical services startup PharmEasy is in talks with investors to raise $200 million, but at a valuation that could be 15% or even 25% lower than last year's $5.1 billion
Falling valuations, slowing funding rounds add to woes; move aimed at conserving cash and shore up profitability
After the boom of 2021, when 44 Indian startups became unicorns, the markets are more selective and investors less enthusiastic in participating at unrealistic valuations
Oyo made preliminary filings in September aiming for an IPO in early 2022
Sebi probing IPO-bound firms on non-financial metrics, says report; the push comes after Paytm's IPO debacle
API Holdings, the parent company of PharmEasy, Adar Poonawalla-backed Wellness Forever Medicare and metal recycling firm CMR Green Technologies received Sebi's nod for IPOs
Planned smaller IPOs could have a harder time pricing shares if there is a reduced appetite for new listings
Success depends on its ability to integrate various entities across the healthcare value chain
The issue will comprise only primary share sale
Debutant Nykaa almost doubled from its issue price of Rs 1,125 at the day's high of Rs 2,248, and finally ended with a 96 per cent premium over its issue price
API's subsidiary PharmEasy, which is planning an IPO, will acquire 975,937 equity share in the company
The API board now has 12 members, including five independent directors
The company, backed by TPG and Temasek Holdings Pte, is working with advisers on a potential offering
Softbank is still evaluating proposal. The firm aims to acquire a company in the healthcare space and to clear loans raised earlier, says source
Docon Technologies, along with API Holdings, the parent company of unicorn PharmEasy, also made an open offer for acquisition of additional 26% stake in Thyrocare at a price of Rs 1,300 per share
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Of the three healthcare baskets that PharmEasy is targeting, it has already created a significant presence in consultation and treatment