Bangalore: online pharmacy PharmEasy The company is ready to file its draft Red Herring Prospectus (DRHP) in the next seven-ten days for an initial public offering (IPO) of Rs 6,000-7,000 crore, people familiar with the matter said. Sources said that the IPO of PharmEasy is expected to be a purely primary share sale.

with this, API HoldingsThe PharmEasy parent will join the top tier startups that are set to go public this year, joining Zomato.
Listed in July What was the record breaking IPO?

While Paytm, Nykaa and Policybazaar will list around Diwali, PharmaEasy is likely to be a publicly traded firm before the end of the current financial year. Logistics tech startup Delhivery is also in the final stages of filing its draft IPO paper next week.

“PharmEasy is looking to raise anywhere between Rs 6,000-6,500 crore from the IPO. The DRHP will be at least Rs 6,000 crore and they can potentially increase it by 20% (as per SEBI rules),” said a person aware of the plans.

“This is purely a primary share sale,” the person said. Company aims to file draft IPO papers
till october But it took time to close its pre-IPO round. “So it has now spread to early November,” a source said.

Mumbai based PharmEasy has recently almost closed
$350 million pre-IPO round As reported by ET earlier this month. After the pre-IPO round, the company was valued at approximately $5.6 billion. “They (PharmEasy) will be listed at a higher valuation than in the pre-IPO round, but it has not been finalized yet. They want to price it in such a way so that there is scope for further growth post listing (in valuation),” said a person familiar with the company’s thinking.

A PharmEasy spokesperson was not immediately available for comment when contacted by ETtech.