General Atlantic-backed Indian eye-care chain ASG readies plan to launch IPO

Jodhpur-headquartered ASG Eye Hospitals, which recently raised a whopping $188 million (Rs 1,500 crore) led by PE firms General Atlantic and Kedaara Capital, has initiated plans to prepare for a public market listing in India, its top executives told DealStreetAsia.

As part of the exercise, it has set up an IPO office in Mumbai with a team comprising both in-house and external persons to take stock of details such as reporting and accounting standards, among others. ASG expects to be IPO-ready by next year.

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