Hotline: 1800 102 2007
Hotline: 1800 102 2007
Jun, 17 2017

VLCC plans to add 70 wellness centres by 2019

The company plans to acquire four to five companies

VLCC plans to add 70 wellness centres by 2019

Homegrown beauty and wellness company, VLCC is planning its IPO by the fourth quarter of the current fiscal.

Vandana Luthra, Founder, VLCC, said, "Our IPO should have been completed but due to demonitisation our merchant bankers advised us to wait. Now, we are going to file fresh DRHP with the regulator soon. We hope to come out with IPO between November '17 and March '18."

As per the old DRHP, the IPO comprised issue of fresh shares worth Rs 400 crore and an offer for sale of up to 37.67 lakh equity shares by the existing shareholders - Indivision India Partners and Leon International.

Luthra said, "We have a plan to acquire four to five companies - all in wellness space."

The company was eyeing both international and domestic targets.

The company would add some 70 wellness centres and a few institutes in the next two years.

Luthra said that at least three fourth of the wellness industry was controlled by the unorganised sector but with proposed GST in place, the picture was set to change.

She added, "The unorganised sector not paying service tax was always a concern for us but with GST it will help us."

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Others Consultancy
    About Us: Want to invest in a Water Care franchise business?..
    Locations looking for expansion Chhattisgarh
    Establishment year 2006
    Franchising Launch Date 2012
    Investment size Rs. 2lac - 5lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Raipur Chhattisgarh
  • Ice Creams & Yogurt Parlors
    Gelato has redefined the ice cream eating culture worldwide. Because..
    Locations looking for expansion Haryana
    Establishment year 2010
    Franchising Launch Date 2020
    Investment size Rs. 5lac - 10lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Computer And ICT Services
    Welcome to VISO, your number one source for all information..
    Locations looking for expansion MAHARASHTRA
    Establishment year 2020
    Franchising Launch Date 2020
    Investment size Rs. 10000 - 50000
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater NAGPUR MAHARASHTRA
  • Quick Service Restaurants
    About Us: Incorporated in 2012, Munchies Bite is all about midnight..
    Locations looking for expansion Gujarat
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 1800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities