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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 growth
2. Widespread operational network
3. Comprehensive test menu
4. Focus on quality and customer service
5. Robust information technology structure
Particulars | For the year/period ended (in Rs. 10 Lakhs) | |||
---|---|---|---|---|
31-Dec-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | |
Total Assets | 5,838.75 | 5,303.40 | 5,151.59 | 3,959.16 |
Total Revenue | 5,593.06 | 6,435.67 | 5,447.24 | 4,754.69 |
Profit After Tax | 887.71 | 1,097.47 | 1,072.57 | 819.55 |
The objects of the Offer are:
1. Listing of the Equity Shares will enhance the visibility and
brand image of company.
2. Provide a public market for the Equity
Shares in India.
IPO Date | Apr 3, 2019 to Apr 5, 2019 |
Listing Date | Monday, April 15, 2019 |
Face Value | ₹2 per share |
Price | ₹877 to ₹880 per share |
Lot Size | 17 Shares |
Issue Size | 13,685,095 shares of ₹2 (aggregating up to ₹1,204.29 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Company Promoters | Promoters of the company are: |
Metropolis IPO opens on Apr 3, 2019, and closes on Apr 5, 2019. The Metropolis IPO bid date is from Apr 3, 2019 10.00 A.M. to Apr 5, 2019 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
Event | Tentative Date |
---|---|
Opening Date | Apr 3, 2019 |
Closing Date | Apr 5, 2019 |
Basis of Allotment | Apr 10, 2019 |
Initiation of Refunds | Apr 11, 2019 |
Credit of Shares to Demat | Apr 12, 2019 |
Listing Date | Apr 15, 2019 |
The Metropolis IPO lot size is 17 shares. A retail-individual investor can apply for up to 13 lots (221 shares or ₹194,480).
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 17 | ₹14,960 |
Retail (Max) | 13 | 221 | ₹194,480 |
Pre Issue Share Holding | 99.71% |
Post Issue Share Holding | 49.44% |
Although the sector is fragmented and highly unorganized, MHL has created a niche place amongst organized players with many firsts to its credit. Though the issue appears fully priced, asset light and debt-free status make this offer lucrative. Investors may consider an investment for the long term. Read detail review...
The Metropolis IPO is subscribed 5.83 times on Apr 5, 2019 6:49:02 PM. The public issue subscribed 2.15 times in the retail category, 8.88 times in the QIB category, and 3.03 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
QIB | 8.88 |
NII | 3.03 |
Retail | 2.15 |
Employee | 0.05 |
Total | 5.83 |
Listing Date | Monday, April 15, 2019 |
BSE Script Code | 542650 |
NSE Symbol | METROPOLIS |
Listing In | B Group of Securities |
ISIN | INE112L01020 |
IPO Price | ₹880 per share |
Face Value | ₹2 per share |
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Metropolis Healthcare Limited
250 D Udyog Bhavan,
Hind Cycle Marg, Worli
Mumbai 400 030, Maharashtra
Phone: (91 22) 6258 2810
Email: investor.relations@metropolisindia.com
Website: https://www.metropolisindia.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: metropolis.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Lead Manager Reports
Metropolis IPO is a main-board IPO of 13,685,095 equity shares of the face value of ₹2 aggregating up to ₹1,204.29 Crores. The issue is priced at ₹877 to ₹880 per share. The minimum order quantity is 17 Shares.
The IPO opens on Apr 3, 2019, and closes on Apr 5, 2019.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Metropolis IPO opens on Apr 3, 2019 and closes on Apr 5, 2019.
Metropolis IPO lot size is 17 Shares and the minimum order quantity is .
You can apply in Metropolis IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Metropolis IPO will be done on Apr 10, 2019, and the allotted shares will be credited to your demat account by Apr 12, 2019. Check the Metropolis IPO allotment status.
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