Sakhiya Skin Clinic Preps for IPO to Fuel Expansion Across India

Sakhiya Skin Clinic announced its plans to raise funds via an Initial Public Offering (IPO) on BSE's SME platform. This strategic move aims to finance the company's expansion and upgrade initiatives.

The IPO consists of a fresh issuance of up to 50.10 lakh equity shares, alongside an offer for sale of up to 11.62 lakh shares by promoters Jagdishkumar Jadavbhai Sakhiya and Rupalben Jagdishbhai Sakhiya. The fresh issue is projected to raise Rs 42.57 crore for launching new clinics across India, Rs 9.65 crore for investing in its subsidiary Dr Sakhiya's Advanced Skin Science LLP, and Rs 3.2 crore for debt repayment.

Incorporated in 2011, the Surat-based healthcare provider specializes in dermatology and cosmetology services. It's reported a revenue of Rs 52.87 crore from healthcare services with a profit after tax of Rs 10.92 crore in FY25, serving over 5.4 lakh patients across 35 clinics in 24 cities. The IPO's lead manager is GYR Capital Advisors.

(With inputs from agencies.)