Thyrocare Technologies Ltd.
Issue Open: Apr 27, 2016 – Apr 29, 2016
Issue Type: 100% Book Built Issue IPO
Issue Size: 10,744,708 Equity Shares of Rs. 10
Face Value: Rs. 10 Per Equity Share
Diagnostics company Thyrocare Technologies will hit the capital markets on April 27 to raise funds through an initial public offering.
The IPO is scheduled to close on April 29, as per the Red Herring Prospectus (RHP). The firm, which runs a diagnostics laboratory chain across the country, will come out with a public issue of up to 10,744,708 equity shares. These shares would be sold by the company’s existing shareholders including A Velumani HUF and Anand Velumani. The company has proposed to list its shares on BSE and NSE.
Thyrocare competes with diagnostics chains such as Dr Lal Path Labs , SRL Diagnostics, Metropolis Healthcare and Apollo Clinic etc.