Healthvista India Limited, the leading out-of-hospital healthcare provider in India with brand Portea (out-of-hospital healthcare services) has received final observations from SEBI for their proposed IPO.

The Company plans to raise funds through an offer of equity shares of face value  ₹1 each. The offer consists of fresh issue aggregating up to Rs.2,000 million, (the “Fresh Issue”) and an offer for sale up to 56,252,654 by Investor Selling Shareholders (the “Offer for Sale”).

Healthvista India is the leading out-of-hospital healthcare provider in India, based on revenue and highest market share of 21% of the organised out-of-hospital healthcare market in Fiscal 2021, as well as in terms of the number of cities covered as of December 31, 2021. (Source: F&S Report) Under its well established brand Portea, it provides a comprehensive range of out-of-hospital healthcare services, including primary care, geriatric (elderly) and palliative (end-of-life) care, intensive care unit (“ICU”) care, post-operative and post-hospitalization care, chronic care, mother and baby care and cancer care, all at home.

Book Running Lead Managers to the IPO are SBI Capital Markets Limited, IIFL Securities Limited and JM Financial Limited.