IPO Issue Details
Issue Price / Price Band₹880 per share (Fixed Price)
Face Value₹2 Per Share
Lot Size17 Shares per Lot
Total Issue Size1,36,85,095 shares (aggregating up to ₹1,204.29 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryOffer For Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenWed, 03 Apr 2019
Subscription CloseFri, 05 Apr 2019
Anchor AllotmentTue, 02 Apr 2019
Basis of AllotmentWed, 10 Apr 2019
Initiation of RefundsThu, 11 Apr 2019
Credit of Shares to DematFri, 12 Apr 2019
Listing DateMon, 15 Apr 2019
UPI Mandate Deadline2019-04-05
Application & Investment Details
Retail — Min (1 Lots)₹14,960 — 17 shares
Retail — Max (13 Lots)₹194,480 (13 Lots)
HNI — Min (14 Lots)₹2,09,440 — 238 shares
Pre-IPO Promoter Holding5,01,78,680 shares
Post-IPO Promoter Holding5,01,78,680 shares
About Metropolis Healthcare Ltd.
Incorporated in 1980, Mumbai based Metropolis Healthcare Limited is a chain of diagnostic companies. It has 106 clinical laboratories 1130 collection centres in seven countries. In India, it has laboratories across 18 states and 173 cities for monitoring of disease, early detection, and diagnostic screening.The company also provides analytical and support services for the clinical research projects to some clinical research organizations. In the last financial year (2018), approximately 7.7 million patients visited the lab and around 16.0 million tests conducted in the clinics.Metropolis offers 3,480 clinical laboratory tests and 524 profiles which combines a variety of tests for the specific disease. To provide better services, it has implemented a 'hub and spoke' model. Outside India, the company has a presence in Ghana, Zambia, Kenya, Sri Lanka and Mauritius for laboratory operations and in UAE, Nepal, Nigeria, and Oman for 3rd party services.It has been recognized by Biotrains for "excellence in customer service and delivery" and FICCI for "service excellence (diagnostic center)" and LH Insights for "best in health and fitness" in 2018.The competitive strengths of the company are:1. Well positioned for expected industry growth2. Widespread operational network3. Comprehensive test menu4. Focus on quality and customer service5. Robust information technology structure
Objects of the Issue
(Standard — DRHP pending)
Metropolis Healthcare Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
Funding of Capital Expenditure Requirements
2
Working Capital Requirements
3
General Corporate Purposes
Detailed fund allocation will be available once the company files DRHP with
SEBI.
Shareholding & Lock-in
Pre-IPO Promoter Holding
5,01,78,680 shares
Post-IPO Promoter Holding
5,01,78,680 shares
Lock-in Period (30%)May 10, 2019
Lock-in Period (50%)July 9, 2019