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 Date | Apr 3, 2019 - Apr 5, 2019 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 13,685,095 Eq Shares of ₹2 (aggregating up to ₹1,204.29 Cr) |
| 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 |
| Bid/Offer Opens On | Apr 3, 2019 |
| Bid/Offer Closes On | Apr 5, 2019 |
| Finalisation of Basis of Allotment | Apr 10, 2019 |
| Initiation of Refunds | Apr 11, 2019 |
| Credit of Shares to Demat Acct | Apr 12, 2019 |
| IPO Shares Listing Date | Apr 15, 2019 |
| 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% |
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 |
| Listing Date | Monday, April 15, 2019 |
| BSE Script Code | 542650 |
| NSE Symbol | METROPOLIS |
| Listing In | B |
| 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 price of the IPO is ₹877 to ₹880 Per Equity Share. The minimum order quantity is 17 Shares per application and the offer type is Book Built Issue.
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 application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
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.
Metropolis IPO lot size is 17 Shares and the minimum order quantity is 17 Shares.
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