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 Open	Apr 3, 2019 - Apr 5, 2019
Issue Type	Book Built Issue IPO
Issue Size	13,685,095 Eq Shares of Rs 2 (aggregating up to Rs 1,204.29 Cr)
Face Value	Rs 2 Per Equity Share
Issue Price	Rs 877 - Rs 880 Per Equity Share
Market Lot	17 Shares
Min Order Quantity	17 Shares
Listing At	BSE, NSE

Metropolis IPO Tentative Date / Timetable

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

Metropolis IPO Promoter Holding

Pre Issue Share Holding	99.71%
Post Issue Share Holding	49.44%

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

› Draft Prospectus
› Red Herring Prospectus

Metropolis IPO Rating

512

3.8

Rating:

Vote Here ...

Metropolis IPO Listing Date

Listing Date	Monday, April 15, 2019
BSE Script Code	542650
NSE Symbol	METROPOLIS
Listing In	B
ISIN	INE112L01020
Issue Price	Rs 880 Per Equity Share
Face Value	Rs 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

Metropolis IPO Reviews / Ratings

Dilip Davda - Subscribe for Long Term
Capital Market Review

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

Metropolis IPO Lead Manager(s)

Lead Manager Reports

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Find Metropolis IPO Latest Update

Useful Articles

Metropolis IPO Review / Comments

308. DownriteVJ Apr 22, 2019 09:22

1 |

IPO Guru (1100+ Posts, 1000+ Likes)

956

307. Raghav v Apr 20, 2019 11:07

Can any one explain how metropolis ipo issue price 880 became 959 in secondary market (9% premium)...please...

306. vkvkgupta Apr 16, 2019 13:45

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.

305. Arya maddy Apr 16, 2019 07:40

What is todays expectations
Can anyone suggest????

305.1. IPO Ride Apr 16, 2019 09:28

1 |

Minimum 1000/- ... keep patience and Enjoy !!!

304. Mohammad abbas Apr 15, 2019 23:07

By god grace I kept to sell at 935 and it was sold at 958 ..automatically and I am safe now

303. Arjun Patel Apr 15, 2019 19:54

3 |

RK Damani Bought 7,00,000/- shares @948/-

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

POLIS.....

302. Hiteshji Apr 15, 2019 17:55

Top Contributor (200+ Posts, 100+ Likes)

As told earlier will give you return and good for long term prospective.

301. Chem cho Apr 15, 2019 15:02

1 |

IPO Guru (1800+ Posts, 1600+ Likes)

SEEMS SHORT SELLERS ARE BADLY TRAPPED

Load more comments (1 replies)

301.2. Chem cho Apr 15, 2019 15:27

IPO Guru (1800+ Posts, 1600+ Likes)

some body sold healy , at 980 to 975 ,
got relif to short sellers after 3 .05 pm

301.3. Chem cho Apr 15, 2019 15:32

IPO Guru (1800+ Posts, 1600+ Likes)

finally rs 958 .5

300. Aniketiaf Apr 15, 2019 15:27

2 |

IPO Mentor (800+ Posts, 4600+ Likes)

Sold some quantity @ 977.5

299. AhireR Apr 15, 2019 14:01

7 |

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..

299.1. medge Apr 15, 2019 14:29

2 |

Top Contributor (300+ Posts, 400+ Likes)

true

298. AhireR Apr 15, 2019 13:53

2 |

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..

297. Chem cho Apr 15, 2019 09:44

3 |

IPO Guru (1800+ Posts, 1600+ Likes)

And there we go ,
WATCH it

Load more comments (8 replies)

297.9. Chem cho Apr 15, 2019 13:04

1 |

IPO Guru (1800+ Posts, 1600+ Likes)

NOW BUYERS ARE MORE THAN SELLERS AT 1.04 PM
NOW RS 979.7

297.10. Chem cho Apr 15, 2019 13:08

1 |

IPO Guru (1800+ Posts, 1600+ Likes)

BYE , BYE MY FREINDS

@RS 979.7

I HAVE NO TRADE NOW FOR TODAY

296. Arjun Patel Apr 15, 2019 13:03

3 |

Don't be hurry to sell MetroPOLIS...

POLIS.....

295. Arjun Patel Apr 15, 2019 12:57

4 |

Target of 975 Achieved.
Next Target 1040 In Next Few Sessions

GMPs
Poly 80/-

294. Aniketiaf Apr 15, 2019 12:07

4 |

IPO Mentor (800+ Posts, 4600+ 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.

293. Regulagedda Ambica Prasad Apr 15, 2019 11:59

Started bottom fishing @935 per share

292. GrowYourMoney Apr 15, 2019 11:57

Top Contributor (200+ Posts, 300+ Likes)

Regret to be missing big gains inspite of have Great intuition.

291. Aniketiaf Apr 15, 2019 10:58

4 |

IPO Mentor (800+ Posts, 4600+ Likes)

BTW,
My at least 10% profit target within 3 month in RAIL VIKAS IPO is also achieved within 3 days.
Thanks.

291.1. Aniketiaf Apr 15, 2019 11:52

3 |

IPO Mentor (800+ Posts, 4600+ Likes)

Rail vikas crossed 22. Up by 12%

290. Chem cho Apr 5, 2019 14:53

17 |

IPO Guru (1800+ Posts, 1600+ Likes)

wait for some time you will feel you have missed the opportunity to apply in Metropolis ipo

Load more comments (9 replies)

290.10. Chem cho Apr 8, 2019 17:32

4 |

IPO Guru (1800+ Posts, 1600+ Likes)

At 2 pm subcribcition fiqures were poor , news started comming after 2.15 pm that Big bulls are applying and the same was confirmed after 2.45 pm ,
however those had their accounts in banks which took subcribtion till 3 pm or 4 pm applied ,
i am not making fun of any one , On the contarary if I had written this message at 1 pm , you people would have made fun of me
This is what we have observed , and so at the correct point of time i had written
so pl see that you open an bank account , which takes subcribtion after 3 pm

290.11. Chem cho Apr 15, 2019 11:20

IPO Guru (1800+ Posts, 1600+ Likes)

AT RS 960 LISTING GAINS
NOW trading at Rs 947

289. v for vendetta Apr 11, 2019 19:24

1 |

Top Contributor (200+ Posts, 300+ Likes)

Got 3/3
Looks like they have alloted with free hands.
Something fishy???

Load more comments (6 replies)

289.7. Johny Apr 15, 2019 10:44

2 |

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.

289.8. Swarna Apr 15, 2019 11:03

In ploycab got 0/3

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