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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Previously, the company had withdrawn its IPO in 2016 due to demonetization.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.

Founded by Vandana Luthra, VLCC was one of the first multi-point of sale corporate operations in the wellness and beauty industry, which at the time was primarily comprised of small-scale, individually operated businesses.
The company has created an ecosystem of comprehensive products and services, including wellness programs, weight management solutions, personal care products, nutraceutical products, and skills development training. ICICI Securities, DAM Capital Advisors, IIFL Securities have been appointed as merchant bankers to advise the company on the public matter. The company’s shares will be listed on the BSE and NSE.

(Edited by : Anshul)

First published: IST

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