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Metropolis Healthcare Limited IPO (Metropolis IPO) Detail

April 3, 2019 - April 5, 2019

Metropolis IPO is a book built issue of Rs 1,204.29 crores.

Metropolis IPO bidding started from April 3, 2019 and ended on April 5, 2019. The allotment for Metropolis IPO was finalized on Wednesday, April 10, 2019. The shares got listed on BSE, NSE on April 15, 2019.

Metropolis IPO price band is set at ₹877 to ₹880 per share. The minimum lot size for an application is 17 Shares. The minimum amount of investment required by retail investors is ₹14,960.

Credit Suisse Securities (India) Private Limited, Goldman Sachs (India) Securities Private Limited, Hdfc Bank Limited, Jm Financial Limited and Kotak Mahindra Capital Company Limited are the book running lead managers of the Metropolis IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Metropolis IPO RHP for detailed information.

Metropolis IPO Details

IPO Date April 3, 2019 to April 5, 2019
Listing Date April 15, 2019
Face Value ₹2 per share
Price Band ₹877 to ₹880 per share
Lot Size 17 Shares
Total Issue Size13,685,095 shares
(aggregating up to ₹1,204.29 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue50,178,680
Share holding post issue50,178,680

Metropolis IPO Reservation

Metropolis IPO offers 19,708,388 shares. 4,015,529 (20.37%) to QIB, 2,007,764 (10.19%) to NII, 1,338,509 (6.79%) to RII, 300,000 (1.52%) to employees 6,023,293 (30.56%) to Anchor investors. 78,735 RIIs will receive minimum 17 shares and (sNII) and (bNII) will receive minimum 238 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered6,023,293 (30.56%)NA
QIB Shares Offered4,015,529 (20.37%)NA
NII (HNI) Shares Offered2,007,764 (10.19%)
Retail Shares Offered1,338,509 (6.79%)78,735
Employee Shares Offered300,000 (1.52%)NA
Total Shares Offered19,708,388 (100%)

Metropolis IPO Timeline (Tentative Schedule)

Metropolis IPO opens on April 3, 2019, and closes on April 5, 2019.

IPO Open Date Wednesday, April 3, 2019
IPO Close Date Friday, April 5, 2019
Basis of Allotment Wednesday, April 10, 2019
Initiation of Refunds Thursday, April 11, 2019
Credit of Shares to Demat Friday, April 12, 2019
Listing Date Monday, April 15, 2019
Cut-off time for UPI mandate confirmation 5 PM on April 5, 2019

Metropolis IPO Lot Size

Investors can bid for a minimum of 17 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 17 ₹14,960
Retail (Max) 13 221 ₹194,480
Lot Size Calculator

Metropolis IPO Promoter Holding

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

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

About Metropolis Healthcare Limited

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 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 (Metropolis IPO Objectives)

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 Review (May apply)

[Dilip Davda]  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...


Metropolis IPO Subscription Status (Bidding Detail)

The Metropolis IPO is subscribed 5.83 times on April 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)

CategorySubscription (times)
QIB8.88
NII3.03
Retail2.15
Employee0.05
Total5.83

Metropolis IPO Prospectus

Metropolis IPO Rating

512
3.8
Rating:Rated 3.8 stars
Vote Here ...

Metropolis IPO Listing Details

Listing Date April 15, 2019
BSE Script Code 542650
NSE Symbol METROPOLIS
ISIN INE112L01020
Final Issue Price ₹880 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹880.00
₹960.00
₹934.80
₹981.30
₹959.55
NSE
₹880.00
₹958.00
₹935.00
₹982.70
₹959.85

Check IPO Performance…

Metropolis Healthcare Limited Contact Details

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

Phone: +91-22-4918 6270
Email: metropolis.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

Metropolis IPO FAQs

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 April 3, 2019, and closes on April 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 April 3, 2019 and closes on April 5, 2019.

Metropolis IPO lot size is 17 Shares, and the minimum amount required is ₹14,960.

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 Wednesday, April 10, 2019, and the allotted shares will be credited to your demat account by Friday, April 12, 2019. Check the Metropolis IPO allotment status.

The Metropolis IPO listing date is on April 15, 2019.
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Metropolis IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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490 Comments

308. DownriteVJ |   Link |  Bookmark |April 22, 2019 10:22:39 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
956
307. Raghav v |   Link |  Bookmark |April 20, 2019 12:07:25 PM
Can any one explain how metropolis ipo issue price 880 became 959 in secondary market (9% premium)...please...
306. vkvkgupta |   Link |  Bookmark |April 16, 2019 2:45:32 PM
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 |   Link |  Bookmark |April 16, 2019 8:40:01 AM
What is todays expectations
Can anyone suggest????
305.1. IPO Ride |   Link |  Bookmark |April 16, 2019 10:28:38 AM
Minimum 1000/- ... keep patience and Enjoy !!!
304. Mohammad abbas |   Link |  Bookmark |April 16, 2019 12:07:47 AM
By god grace I kept to sell at 935 and it was sold at 958 ..automatically and I am safe now
303. Arjun Patel |   Link |  Bookmark |April 15, 2019 8:54:06 PM
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 |   Link |  Bookmark |April 15, 2019 6:55:48 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
As told earlier will give you return and good for long term prospective.
301. Chem cho |   Link |  Bookmark |April 15, 2019 4:02:41 PM
IPO Guru IPO Guru (2600+ Posts, 2700+ Likes)
SEEMS SHORT SELLERS ARE BADLY TRAPPED

301.2. Chem cho |   Link |  Bookmark |April 15, 2019 4:27:03 PM
IPO Guru IPO Guru (2600+ Posts, 2700+ Likes)
some body sold healy , at 980 to 975 ,
got relif to short sellers after 3 .05 pm
301.3. Chem cho |   Link |  Bookmark |April 15, 2019 4:32:39 PM
IPO Guru IPO Guru (2600+ Posts, 2700+ Likes)
finally rs 958 .5

300. Aniketiaf |   Link |  Bookmark |April 15, 2019 4:27:04 PM
IPO Guru IPO Guru (1800+ Posts, 10200+ Likes)
Sold some quantity @ 977.5
299. AhireR |   Link |  Bookmark |April 15, 2019 3:01:49 PM
IPO Mentor IPO Mentor (800+ Posts, 1000+ Likes)
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 |   Link |  Bookmark |April 15, 2019 3:29:57 PM
IPO Guru IPO Guru (1300+ Posts, 2000+ Likes)
true
298. AhireR |   Link |  Bookmark |April 15, 2019 2:53:46 PM
IPO Mentor IPO Mentor (800+ Posts, 1000+ Likes)
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 |   Link |  Bookmark |April 15, 2019 10:44:14 AM
IPO Guru IPO Guru (2600+ Posts, 2700+ Likes)
And there we go ,
WATCH it
297.9. Chem cho |   Link |  Bookmark |April 15, 2019 2:04:58 PM
IPO Guru IPO Guru (2600+ Posts, 2700+ Likes)
NOW BUYERS ARE MORE THAN SELLERS AT 1.04 PM
NOW RS 979.7
297.10. Chem cho |   Link |  Bookmark |April 15, 2019 2:08:17 PM
IPO Guru IPO Guru (2600+ Posts, 2700+ Likes)
BYE , BYE MY FREINDS

@RS 979.7

I HAVE NO TRADE NOW FOR TODAY
296. Arjun Patel |   Link |  Bookmark |April 15, 2019 2:03:16 PM
Don't be hurry to sell MetroPOLIS...

POLIS.....
295. Arjun Patel |   Link |  Bookmark |April 15, 2019 1:57:22 PM
Target of 975 Achieved.
Next Target 1040 In Next Few Sessions

GMPs
Poly 80/-
294. Aniketiaf |   Link |  Bookmark |April 15, 2019 1:07:14 PM
IPO Guru IPO Guru (1800+ Posts, 10200+ 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 |   Link |  Bookmark |April 15, 2019 12:59:26 PM
IPO Mentor IPO Mentor (500+ Posts, 200+ Likes)
Started bottom fishing @935 per share
292. GrowYourMoney |   Link |  Bookmark |April 15, 2019 12:57:12 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Regret to be missing big gains inspite of have Great intuition.
291. Aniketiaf |   Link |  Bookmark |April 15, 2019 11:58:59 AM
IPO Guru IPO Guru (1800+ Posts, 10200+ 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 |   Link |  Bookmark |April 15, 2019 12:52:54 PM
IPO Guru IPO Guru (1800+ Posts, 10200+ Likes)
Rail vikas crossed 22. Up by 12%
290. v for vendetta |   Link |  Bookmark |April 11, 2019 8:24:10 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Got 3/3
Looks like they have alloted with free hands.
Something fishy???
290.7. Johny |   Link |  Bookmark |April 15, 2019 11:44:07 AM
IPO Mentor IPO Mentor (800+ Posts, 1000+ Likes)
@ V for vendetta - even I don't have much blessings of luck but occasionally sun does shine on us.
290.8. Swarna |   Link |  Bookmark |April 15, 2019 12:03:56 PM
In ploycab got 0/3
289. Joshua Andrews |   Link |  Bookmark |April 15, 2019 11:26:07 AM
I cannot sell my shares in metropolis in HDFC sec app.. it's saying invalid security code
289.1. Swarna |   Link |  Bookmark |April 15, 2019 12:01:46 PM
Now I can place the order in HDFC sec