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
Promoters of the company are:
1. Dr Sushil Kanubhai Shah
2. Ameera Sushil Shah
3. Metz Advisory LLP
| 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 Opening Date | Apr 3, 2019 |
| IPO Closing Date | Apr 5, 2019 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹2 per equity share |
| IPO Price | ₹877 to ₹880 per equity share |
| Market Lot | 17 Shares |
| Min Order Quantity | 17 Shares |
| Listing At | BSE, NSE |
| Issue Size | 13,685,095 Eq Shares of ₹2 (aggregating up to ₹1,204.29 Cr) |
The Metropolis IPO open date is Apr 3, 2019, and the close date is Apr 5, 2019. The issue may list on Apr 15, 2019.
| IPO Open Date | Apr 3, 2019 |
| IPO Close Date | Apr 5, 2019 |
| Basis of Allotment Date | Apr 10, 2019 |
| Initiation of Refunds | Apr 11, 2019 |
| Credit of Shares to Demat Account | Apr 12, 2019 |
| IPO Listing Date | Apr 15, 2019 |
The Metropolis IPO market 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 (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 17 | ₹14,960 |
| Maximum | 13 | 221 | ₹194,480 |
| Pre Issue Share Holding | 99.71% |
| Post Issue Share Holding | 49.44% |
The Metropolis IPO is subscribed 5.83x times on Apr 5, 2019 18:49. The public issue subscribed 2.15x in the retail category, 8.88x in the QIB category, and 3.03x in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | IPO Subscription |
|---|---|
| QIB | 8.88x |
| NII | 3.03x |
| RII | 2.15x |
| Employee | 0.05x |
| Total | 5.83x |
| 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 equity share |
| Face Value | ₹2 per equity share |
|
|
|
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
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
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 equity 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 17 Shares.
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, Edelweiss, 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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