Digital health platform Practo Technologies is preparing to tap the capital markets, with plans for an initial public offering as investor interest in new listings remains strong in India, as per a latest Bloomberg report.
According to Bloomberg, Bengaluru-based company has initiated preliminary discussions with potential advisers to evaluate a public listing, which could take place in the second half of 2026.
Banker appointments are expected as early as next month, though the timeline and structure of the offering are still under discussion and may evolve, the Bloomberg report further added.
IPO plans take shape amid strong market sentiment
India’s primary market has seen a surge in activity in recent months, driven by increased retail participation and steady inflows into mutual funds.
Against this backdrop, Practo’s move reflects broader confidence among growth-stage companies that market conditions remain conducive for public listings, particularly in consumer-facing and technology-driven sectors.
Company plans domicile shift ahead of listing
The Bloomberg report added that, as part of its IPO preparations, Practo’s Singapore-based holding entity is planning to relocate its legal base back to India.
According to Bloomberg, the transition is expected to be completed by February, a step aimed at smoothing regulatory and compliance requirements ahead of a domestic listing.
A spokesperson for Practo did not immediately respond to a request for comment, according to Bloomberg.
Financialexpress.com could not verify the news independently.
Practo Business dynamics
Founded 17 years ago, Practo operates a digital healthcare platform that enables patients to search for doctors, book appointments and access healthcare services. The company is active in more than 22 countries, according to its LinkedIn profile. Its investor base includes Sequoia Capital, Matrix Partners and Tencent Holdings.