This strategic transfer comes as the corporate prepares for its upcoming IPO within the second half of subsequent 12 months. The corporate, which makes a speciality of lively diet and wellness merchandise, goals to gas its progress and make the most of the booming well being and wellness market.
Below its various portfolio, EVIS HEALTHCARE presents a spread of revolutionary merchandise catering to athletes, health fans, and health-conscious people. These merchandise are marketed underneath three fashionable manufacturers: BOLT Vitamin, Wheymill, and eleone wellness. BOLT Vitamin, the flagship sports activities diet model, encompasses a patented whey protein method enhanced with phycocyanin. Wheymill is one other premium sports activities diet model, whereas eleone wellness focuses on general well being and wellness. These manufacturers have contributed efficiently to EVIS HEALTHCARE’s progress.
Since its inception in 2020, EVIS HEALTHCARE has been dedicated to assembly the wants of efficiency athletes and health fans, aiming to advertise wholesome and lively residing amongst a broader international viewers. The corporate’s merchandise are presently obtainable in over 30 nations, reaching customers worldwide. EVIS HEALTHCARE has established sturdy distribution channels via direct-to-consumer platforms, together with Amazon, in addition to different third-party e-commerce marketplaces. The corporate’s merchandise are additionally present in main retail shops throughout India, together with UNFIT MART.
The current conversion from a non-public restricted firm to a public restricted firm marks a major milestone for EVIS HEALTHCARE. Regulatory filings sourced from the Ministry of Company Affairs (MCA) verify that the corporate’s authorized identify has modified from EVIS HEALTHCARE Non-public Restricted to EVIS HEALTHCARE Restricted. This restructuring is a part of the corporate’s preparation for its forthcoming IPO.
The choice to go public comes as EVIS HEALTHCARE has efficiently raised roughly Rs 50 million from a bunch of buyers over the previous 12 months. With a present valuation of Rs 1000 million, the corporate is well-positioned for future progress and plans to leverage the alternatives supplied by the capital markets. As a part of its IPO course of, EVIS HEALTHCARE intends to file a draft pink herring prospectus with the Securities and Change Board of India (SEBI) and related inventory alternate(s), paving the best way for the itemizing of its fairness shares on a number of inventory exchanges.
Founder and Chairman of EVIS HEALTHCARE, Vikas Kachhadiya, expressed his optimism concerning the corporate’s prospects, stating, “We’re thrilled to declare our conversion right into a public restricted firm and embark on this thrilling journey in direction of our IPO. This strategic transfer will allow us to lift capital and additional broaden our operations whereas persevering with to offer top-quality well being and wellness merchandise to our clients.”
EVIS HEALTHCARE plans to utilise the funds raised via the IPO to assist its progress initiatives, together with analysis and growth, advertising efforts, and increasing its presence in each home and worldwide markets. The corporate envisions a future the place it will probably proceed to disrupt and innovate within the lively diet and wellness business, offering customers with cutting-edge merchandise that improve their general well-being.
For extra data, please go to: www.evishealthcare.com
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