VLCC IPO : Plans to raise Rs 100 crore

by khalid on 11/12/2009 · 0 comments

vlcc

VLCC is a Delhi based wellness firm. The company is planning to float an IPO in the next 18 months and to raise Rs 100 crore. The proceeds of the proposed issue would be used in expansion and fund acquisitions.

The company, which had earlier deferred its IPO plan due to the economic slowdown, proposes to add 100 more wellness centres to its existing network of 225 across India, the middle-east and Nepal. Of the 225 centres, 215 are in India, while 19 are across the UAE, Oman, Bahrain and Nepal.

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