Inventia Healthcare has submitted Draft Red Herring Papers (DRHP) with the market regulator the Securities and Exchange Board of India to float an IPO worth around INR 450 crore.

This public offer comprises an offer of sale around 31,64,000 equity shares by promoters and some shareholders, besides, a fresh issuance of equity shares around INR 125 crore, according to the draft papers filed with the capital markets regulator Sebi. Promotors Janak Shah, Maya Shah & Jaco balls (private equity fund) will sell their shares.

The proceeds of the public issue will be utilized for repayment of borrowings and general corporate purposes. The lead managers will ICICI Securities & Centrum Capital to handle this initial public offer. The equity shares will be listed on the NSE and BSE.