Healthtech Startup Portea Receives SEBI Nod For INR 1,000 Cr IPO

Healthtech Startup Portea Receives SEBI Nod For INR 1,000 Cr IPO

SUMMARY

Portea filed its draft papers with the market regulator in July 2022, along with an addendum to its DRHP on March 10, 2023

The IPO comprises a fresh issue of equity shares worth INR 200 Cr and an OFS of up to 56,252,654 shares worth INR 800 Cr

In FY22, the healthtech startup posted a net standalone loss of INR 53.82 Cr, as against a revenue of INR 96.37 Cr from operations

Healthvista India, the parent company of the healthtech startup Portea Medical, has received approval from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO), per a SEBI update last week.

Portea filed its draft papers with the market regulator in July 2022, along with an addendum to its draft red herring prospectus (DRHP) on March 10, 2023.

No results were found for "".
  • «
  • 1
  • »
modal lock

Continue Reading With A Free Inc42 Account

Get the most out of your Inc42 experience by creating a free account. Enjoy personalized recommendations, ad-lite browsing, and access to our exclusive newsletters.