New Delhi, Aug. 21 -- Dermatology focused Sakhiya Skin has filed Draft Red Herring Prospectus (DRHP) with BSE for small and medium enterprise (SME) IPO.

The DRHP details a total offer of up to 61,72,000 equity shares, consisting of a fresh issue of up to 50,10,000 equity shares and an offer for sale (OFS) of up to 11,62,000 equity shares.

Under the OFS, promoter and selling shareholder Jagdishkumar Jadavbhai Sakhiya plans to sell up to 8,82,653 shares, while fellow promoter and selling shareholder Rupalben Jagdishbhai Sakhiya intends to offload up to 2,79,347 shares.

The funds raised from the fresh issue will be utilized to expand operations by opening new clinics across India, with approximately Rs.4,257.73 lakhs allocated for this ex...