Talwalkars IPO : Files DRHP with SEBI

by khalid on 19/12/2009 · 0 comments

Talwalkars

Talwalkars Better Value Pvt Ltd (TBVF), commonly famous as Talwalkars, is India’s largest chain of health centers. The company established in 1932, it has 45 ultramodern branches across major cities in India. Talwalkars has filed a draft red herring prospectus (DRHP) with the market regulator SEBI to raise over Rs 70 crore by coming out with a public issue of 6050000 equity shares of Rs 10 each.

The proceeds will be used for setting up of additional health clubs and repaying certain unsecured loans. The issue will constitute 25.09% of the fully diluted post issue paid-up capital of the company. Promoters’ stake will be reduced to 59.39% and non-promoters to 15.42% post issue.

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