Online pharmacy PharmEasy's parent company API Holdings filed preliminary papers with capital markets regulator Securities and Exchange Board of India (SEBI) to raise Rs 6,250 crore via an initial share sale. The IPO is in the form of primary issuance of equity shares and does not constitute an offer for sale (OFS), as per the draft red herring prospectus. This implies that the existing shareholders of the company would not divest their stake.