EQT-backed Indira IVF makes confidential filing for Rs 3,500 crore IPO

The issue size is Rs 3,500 crore and will entirely consist of an OFS or offer for sale. As of now, the plan is for the EQT component to be for Rs 2,900 crore and the balance portion of Rs 600 crore by the founders/ promoters group," said one of the persons above.

Two other persons confirmed the above and one of them added that Kotak Mahindra Capital, Nomura, IIFL Capital, JP Morgan and UBS are the investment banks acting on the issue.

All the three persons above spoke to Moneycontrol on the condition of anonymity.

In response to an email query on the confidential pre-filing, EQT declined to comment. Moneycontrol could not elicit an immediate comment from Indira IVF and the banks at the time of publishing this article. This article will be updated as soon as we hear from them.