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EQT-Backed Fertility Chain Indira IVF Refiles IPO Papers

July 17, 2025

EQT-backed Indira IVF Hospital has taken a fresh step toward going public, confidentially refiling its draft papers for an IPO through the SEBI’s pre-filing route.

This move comes nearly four months after the company reportedly paused its IPO plans due to a Bollywood biopic centered on its founder, Ajay Murdia. According to sources, the movie’s closeness to the IPO filing raised concerns about potential influence on investor sentiment or regulatory compliance.

Indira IVF runs more than 165 fertility centres across India with over 340 IVF specialists. The company’s latest move shows growing investor interest with growing investor interest in fertility and healthcare sectors. 

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