Metropolis Healthcare to debut today

The price band for the issue was fixed at Rs877 to Rs880 per share.

Apr 15, 2019 04:04 IST India Infoline News Service

Metropolis Healthcare Ltd (the company), one of the leading diagnostics companies in India, received bids for 4.47cr shares, as per the NSE data. The issue was subscribed 5.84 times.

The price band for the issue was fixed at Rs877 to Rs880 per share.

The qualified institutional buyers (QIBs) category was subscribed 8.88 times. The non-institutional investor's category was subscribed 3.03 times. The retail individual investors (RIIs) category was subscribed 2.21 times.

The equity shares are proposed to be listed on BSE and NSE (the “stock exchanges”).

The Book Running Lead Managers (“BRLMs”) to the Offer are JM Financial Limited, Credit Suisse Securities (India) Private Limited, Goldman Sachs (India) Securities Private Limited, HDFC Bank Limited and Kotak Mahindra Capital Company Limited.

The IPO consists of 1.36cr equity shares of face value of Rs2 each (“Equity Shares”) consisting of an Offer for Sale of up to 62.72 lakh Equity Shares by Dr.Sushil Kanubhai Shah (the “Promoter Selling Shareholder”) and up to 74.12 lakh Equity Shares by CA Lotus Investments (the “Investor Selling Shareholder”) (the “Offer”). The Offer includes a reservation of up to 3 lakh Equity Shares, for subscription by Eligible Employees (the “Employee Reservation Portion”).

The Offer less the Employee Reservation Portion is hereinafter referred to as the “Net Offer”, and such Net Offer aggregates up to 1.33cr Equity Shares.

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