SPC Life Sciences has received approval from the Securities and Exchange Board of India (Sebi) to raise funds through an initial public offering (IPO). The IPO will consist of fresh equity shares worth Rs 300 crore and an Offer For Sale of 89.39 lakh equity shares by the company's promoter. The company may also consider a pre-IPO placement of up to Rs 60 crore. Proceeds from the IPO will be used to pay debt, support working capital needs, fund capital expenditure, and expand product offerings.
