EVIS HEALTHCARE, a leading company specializing in active nutrition and wellness products, has announced its transformation into a public limited company, marking a significant milestone in its journey. The company, known for its innovative product portfolio under popular brands like BOLT Nutrition, Wheymill, and Eleone Wellness, aims to fuel its growth and capitalize on the burgeoning health and wellness market.
Since its inception in 2020, EVIS HEALTHCARE has been dedicated to catering to the needs of athletes, fitness enthusiasts, and health-conscious individuals worldwide. Its products, ranging from patented whey protein formulas to comprehensive wellness solutions, have garnered significant traction, propelling the company’s success.
The company’s commitment to promoting healthy and active living has resulted in a strong presence across over 30 countries, reaching consumers through diverse channels. EVIS HEALTHCARE leverages direct-to-consumer platforms like Amazon and other third-party e-commerce marketplaces, while also securing shelf space in leading retail stores across India, including UNFIT MART.
The recent conversion to a public limited company reflects EVIS HEALTHCARE’s strategic ambition to tap into the capital markets and drive further growth. The company’s legal name has officially changed from EVIS HEALTHCARE Private Limited to EVIS HEALTHCARE Limited, as confirmed by regulatory filings from the Ministry of Corporate Affairs (MCA).
This restructuring is closely linked to EVIS HEALTHCARE’s upcoming IPO. The company has successfully raised approximately Rs 50 million from investors over the past year, achieving a valuation of Rs 1000 million. This strong financial position positions EVIS HEALTHCARE for continued expansion and innovation.
As part of the IPO process, EVIS HEALTHCARE intends to submit a draft red herring prospectus to the Securities and Exchange Board of India (SEBI) and the relevant stock exchange(s) to pave the way for the listing of its equity shares.
Founder and Chairman of EVIS HEALTHCARE, Mr. Vikas Kachhadiya, expressed his enthusiasm about the IPO, stating, “We are thrilled to declare our conversion into a public limited company and embark on this exciting journey towards our IPO. This strategic move will enable us to raise capital and further expand our operations while continuing to provide top-quality health and wellness products to our customers.”
EVIS HEALTHCARE plans to utilize the funds raised through the IPO to support its growth initiatives, including research and development, marketing efforts, and expanding its reach in both domestic and international markets. The company envisions a future where it can continue to disrupt and innovate in the active nutrition and wellness industry, providing consumers with cutting-edge products that enhance their overall well-being. For more information, please visit: www.evishealthcare.com.
