Quote on PharmEasy IPO by Mr. Yash Gupta, Angel One Ltd
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Below is quote on PharmEasy IPO by Mr. Yash Gupta, Equity Research Analyst, Angel One Ltd
After acquiring a 66% stake in Thyrocare Technologies for ₹4,546 crores in June 2021, since then pharmeasy eyeing the IPO. As per different market news, PharmEasy has raised ₹2,600 crores in a Pre-IPO placement at valuations of $5.6 billion. It includes primary funding as well as a secondary share sale. Earlier in June 2021 at the time of acquiring a stake in Thyrocare, PharmEasy was valued at $4 billion and now after pre-IPO, its valuations have jumped to $5.6 billion. It is expected that in the current year PharmEasy will be filling its DRHP for approval to regulators.
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