Health-tech firm Practo said to seek banks for 2026 IPO

Practo was founded 17 years ago and is operating in over 22 countries, according to its LinkedIn profile.

Practo Technologies Pvt., which runs a digital health platform, is planning an initial public offering, according to people familiar with the matter, joining a wave of companies rushing to capitalize on India’s buoyant market for first-time share sales.

The Bengaluru-based firm has held early-stage discussions with potential advisers to explore a listing in the second half of 2026, the people said, asking not to be identified as the discussions are private. It will appoint bankers next month, they said, adding deliberations are ongoing and the details may still change.

The move reflects intense investor appetite for new offerings in India, where rising retail participation and steady inflows into mutual funds have supported some of the strongest listing performances worldwide. That backdrop is encouraging companies to accelerate fundraising plans to support their expansion and capture market share.

Practo’s holding company in Singapore is planning to shift its legal base back to India to facilitate its listing and the process is expected to be completed by February, the people said.

A representative for Practo didn’t immediately respond to a request for comment.

Practo was founded 17 years ago and is operating in over 22 countries, according to its LinkedIn profile. The company’s platform helps patients find doctors and book appointments. Its investors include Sequoia Capital Operations LLC, Matrix Partners Management Services LP and Tencent Holdings Ltd., according to its website.