New Delhi, Oct. 23 -- Sanjaya Mariwala-led OmniActive Health Technologies Ltd (OHTL) has begun discussions with bankers to explore an initial public offering (IPO) that could raise $200-300 million and value the nutraceutical company at nearly $1 billion, two people familiar with the matter said.

The talks are still at an exploratory stage, and the IPO could be a mix of fresh capital issuance and an offer for sale by existing majority investor TA Associates and the promoter group, one of the two people cited earlier said, both speaking on condition of anonymity.

As of September 2025, the US-based private equity firm held about 56% of OHTL, while the Mariwala family owned 40%, with the remaining stake held by other shareholders, accordin...