Beauty and wellness firm VLCC Health Care has received the go-ahead from market regulator Sebi for the initial public offering (IPO). The IPO size for the same will be Rs 700-800 crore. VLCC can launch the IPO in mid-December.
When contacted, VLCC, however, did not comment on CNBC-TV18 query.
Previously, the company had withdrawn its IPO in 2016 due to demonetization.
VLCC Health Care operates VLCC-branded beauty and wellness clinics and VLCC-branded institutes for the development of beauty and nutrition skills. It also manufactures and sells VLCC brand personal care products.
(Edited by : Anshul)
First published: IST