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Metropolis Healthcare Limited IPO (Metropolis IPO) Detail

Apr 3, 2019 - Apr 5, 2019

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

Company Promoters:

Promoters of the company are:
1. Dr Sushil Kanubhai Shah
2. Ameera Sushil Shah
3. Metz Advisory LLP

Company Financials:

Summary of financial Information (Restated)
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

Objects of the Issue:

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.

Metropolis IPO Details

Issue OpenApr 3, 2019 - Apr 5, 2019
Issue TypeBook Built Issue IPO
Issue Size13,685,095 Eq Shares of Rs 2
(aggregating up to Rs 1,204.29 Cr)
Face ValueRs 2 Per Equity Share
Issue PriceRs 877 - Rs 880 Per Equity Share
Market Lot17 Shares
Min Order Quantity17 Shares
Listing AtBSE, NSE

Metropolis IPO Tentative Date / Timetable

Bid/Offer Opens OnApr 3, 2019
Bid/Offer Closes OnApr 5, 2019
Finalisation of Basis of AllotmentApr 10, 2019
Initiation of RefundsApr 11, 2019
Credit of Shares to Demat Acct:Apr 12, 2019
IPO Shares Listing Date:Apr 15, 2019

Metropolis IPO Promoter Holding

Pre Issue Share Holding99.71%
Post Issue Share Holding49.44%

Metropolis IPO Subscription Status (Bidding Detail)

Metropolis IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Employee

Total

Shares Offered

4,015,529

2,007,764

1,338,509

300,000

7,661,802

Apr 5, 2019 18:49

8.88x

3.03x

2.15x

0.05x

5.83x

Metropolis IPO Prospectus

Metropolis IPO Rating

512
3.8
Rating:Rated 3.8 stars

Vote Here ...

Metropolis IPO Listing Date

Listing DateMonday, April 15, 2019
BSE Script Code542650
NSE SymbolMETROPOLIS
Listing InB
ISININE112L01020
Issue PriceRs 880 Per Equity Share
Face ValueRs 2 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE
Rs 880.00
Rs 960.00
Rs 934.80
Rs 981.30
Rs 959.55
613,159
NSE
Rs 880.00
Rs 958.00
Rs 935.00
Rs 982.70
Rs 959.85
7,279,787

Company Contact Information

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/

Metropolis IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: metropolis.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

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Metropolis IPO Review / Comments

DownriteVJ
308. DownriteVJ  Apr 22, 2019 09:22 I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 1000+ Likes)
956
Raghav v
307. Raghav v  Apr 20, 2019 11:07 I Like It. | Report Abuse
Can any one explain how metropolis ipo issue price 880 became 959 in secondary market (9% premium)...please...
vkvkgupta
306. vkvkgupta  Apr 16, 2019 13:45 I Like It. | Report Abuse
Expecting 25% Gain in one year. Buy below 1000, this is a great company and it will gain market share from unorganised sector. Excellent Business model.
Arya maddy
305. Arya maddy  Apr 16, 2019 07:40 I Like It. | Report Abuse
What is todays expectations
Can anyone suggest????
IPO Ride
305.1. IPO Ride  Apr 16, 2019 09:28 I Like It. 1 | Report Abuse
Minimum 1000/- ... keep patience and Enjoy !!!
Mohammad abbas
304. Mohammad abbas  Apr 15, 2019 23:07 I Like It. | Report Abuse
By god grace I kept to sell at 935 and it was sold at 958 ..automatically and I am safe now
Arjun Patel
303. Arjun Patel  Apr 15, 2019 19:54 I Like It. 3 | Report Abuse
RK Damani Bought 7,00,000/- shares @948/-

Isn't it a Gem for 1 Year
I am Expecting 25% Annual Return

POLIS.....
Hiteshji
302. Hiteshji  Apr 15, 2019 17:55 I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
As told earlier will give you return and good for long term prospective.
Chem cho
301. Chem cho  Apr 15, 2019 15:02 I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1800+ Posts, 1600+ Likes)
SEEMS SHORT SELLERS ARE BADLY TRAPPED

Chem cho
301.2. Chem cho  Apr 15, 2019 15:27 I Like It. | Report Abuse
IPO Guru IPO Guru (1800+ Posts, 1600+ Likes)
some body sold healy , at 980 to 975 ,
got relif to short sellers after 3 .05 pm
Chem cho
301.3. Chem cho  Apr 15, 2019 15:32 I Like It. | Report Abuse
IPO Guru IPO Guru (1800+ Posts, 1600+ Likes)
finally rs 958 .5

Aniketiaf
300. Aniketiaf  Apr 15, 2019 15:27 I Like It. 2 | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 4700+ Likes)
Sold some quantity @ 977.5
AhireR
299. AhireR  Apr 15, 2019 14:01 I Like It. 7 | Report Abuse
Chem cho is so talented guy that he knows each n every move of market..he buys at the lowest level and sells at highest level..
medge
299.1. medge  Apr 15, 2019 14:29 I Like It. 2 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
true
AhireR
298. AhireR  Apr 15, 2019 13:53 I Like It. 2 | Report Abuse
Sold metro at 975 all quantity..
Got 3 lots of polycab and will buy in hevay quantities on listing day..rvnl and metropolis have boosted my comfidence..
Chem cho
297. Chem cho  Apr 15, 2019 09:44 I Like It. 3 | Report Abuse
IPO Guru IPO Guru (1800+ Posts, 1600+ Likes)
And there we go ,
WATCH it
Chem cho
297.9. Chem cho  Apr 15, 2019 13:04 I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1800+ Posts, 1600+ Likes)
NOW BUYERS ARE MORE THAN SELLERS AT 1.04 PM
NOW RS 979.7
Chem cho
297.10. Chem cho  Apr 15, 2019 13:08 I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1800+ Posts, 1600+ Likes)
BYE , BYE MY FREINDS

@RS 979.7

I HAVE NO TRADE NOW FOR TODAY
Arjun Patel
296. Arjun Patel  Apr 15, 2019 13:03 I Like It. 3 | Report Abuse
Don't be hurry to sell MetroPOLIS...

POLIS.....
Arjun Patel
295. Arjun Patel  Apr 15, 2019 12:57 I Like It. 4 | Report Abuse
Target of 975 Achieved.
Next Target 1040 In Next Few Sessions

GMPs
Poly 80/-
Aniketiaf
294. Aniketiaf  Apr 15, 2019 12:07 I Like It. 4 | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 4700+ Likes)
RAIL VIKAS is @22.3.
Up by 20% from issue price of 18 5
A similar run in Metropolis is also visible within 10 days.
Thanks.
Regulagedda Ambica Prasad
293. Regulagedda Ambica Prasad  Apr 15, 2019 11:59 I Like It. | Report Abuse
Started bottom fishing @935 per share
GrowYourMoney
292. GrowYourMoney  Apr 15, 2019 11:57 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Regret to be missing big gains inspite of have Great intuition.
Aniketiaf
291. Aniketiaf  Apr 15, 2019 10:58 I Like It. 4 | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 4700+ Likes)
BTW,
My at least 10% profit target within 3 month in RAIL VIKAS IPO is also achieved within 3 days.
Thanks.
Aniketiaf
291.1. Aniketiaf  Apr 15, 2019 11:52 I Like It. 3 | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 4700+ Likes)
Rail vikas crossed 22. Up by 12%
v for vendetta
290. v for vendetta  Apr 11, 2019 19:24 I Like It. 1 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Got 3/3
Looks like they have alloted with free hands.
Something fishy???
Johny
290.7. Johny  Apr 15, 2019 10:44 I Like It. 2 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
@ V for vendetta - even I don't have much blessings of luck but occasionally sun does shine on us.
Swarna
290.8. Swarna  Apr 15, 2019 11:03 I Like It. | Report Abuse
In ploycab got 0/3
Joshua Andrews
289. Joshua Andrews  Apr 15, 2019 10:26 I Like It. | Report Abuse
I cannot sell my shares in metropolis in HDFC sec app.. it's saying invalid security code
Swarna
289.1. Swarna  Apr 15, 2019 11:01 I Like It. | Report Abuse
Now I can place the order in HDFC sec



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