Maxivision Eye Hospitals Pvt., backed by Quadria Capital, has begun preparations for an initial public offering in India, according to people familiar with the matter. The Hyderabad-based eye care chain is exploring a listing as India's healthcare services sector continues to attract significant investor interest. This move comes as private equity-backed healthcare companies increasingly turn to public markets for growth capital.

Maxivision operates a network of eye hospitals across southern and western India, providing specialized ophthalmic services. The company's potential IPO follows a broader trend of healthcare companies seeking public listings to fund expansion and repay investors. India's healthcare sector has seen robust growth, driven by rising incomes, increased health awareness, and growing demand for quality medical services.

The timing appears strategic as investor appetite for healthcare stocks remains strong. Recent successful listings in the sector have demonstrated market appetite for well-positioned healthcare providers. Maxivision's IPO plans reflect confidence in the company's growth trajectory and the broader healthcare market's potential.