Health tech company Practo said it is seeking banks for its 2026 IPO

Practo Technologies Pvt., which operates a digital healthcare 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 booming market for initial stock sales.The Bengaluru-based company has held early discussions with potential advisers to explore a stock market 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, and deliberations are ongoing and details could 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 stock market listings in the world. This backdrop is encouraging companies to accelerate their fundraising plans to support their expansion and capture market share.

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

A representative for Practo did not immediately respond to a request for comment.

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