Birla Pacific Medspa IPO to open on June 20
By siliconindia   |   Tuesday, 14 June 2011, 00:38 IST
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Bangalore: Yash Birla Group Company Birla Pacific Med spa is entering capital market with an initial public offering of Rs 65.175 crore on June 20, 2011. Company operates med spa centres under the brand name "EVOLVE". Evolve's Expertise encompasses Cosmetic Dermatology, Cosmetic & Plastic Surgery, General & Specialist Dentistry and Maxillo Facial Prosthesis. Birla Pacific Medspa is positioned like a one stop centre, offering a range of scientific makeover solutions to enhance beauty. They use state-of the- art equipment, and the internationally qualified panel of doctors to offer the latest and safest treatments. All consultations & procedures are carried out with utmost privacy, in pleasant, comfortable and specially designed rooms. Company has approximately 41 employees including 5 centers and corporate office. Arihant Capital Markets is the book running lead manager to the issue, which will close on June 23. The Net Profit/ (loss) after tax is 32,820,479 as reported on March 31, 2010. 010 This issue has been assigned the "IPO Grade 2" indicating below average fundamentals by M/s Brickworks Ratings India.

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