Virupaksha Organics IPO – A Promising Entry in the Pharma Space Virupaksha Organics, a Hyderabad-based pharmaceutical company, is gearing up for its initial public offering (IPO) with an aim to raise up to ₹740 crore through a fresh equity issue. The company has already filed its Draft Red Herring Prospectus (DRHP) with SEBI, marking the first step toward its public listing.