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Metropolis Healthcare planning to raise ₹1,200 Crores through IPO

Mumbai based Diagnostic company Metropolis Healthcare is planning to raise Up to ₹1,204 crore from Initial Public Offering (IPO). The offer will be open for subscription on April 3.

The Price band for the IPO has been fixed between the range of ₹887 to ₹890. Through this the company is seeking to sell 13,685,095 shares out of these, Dr Sushil Kanubhai Shah who is the promoter of the company will be selling 6,272,335 shares and investor CA Lotus Investments will sell 7,412,760 shares.

Also, 3,00,000 shares will be reserved for its employees.

JM Financial, Credit Suisse Securities (India), Goldman Sachs (India) Securities, HDFC Bank, Kotak Mahindra Capital Co are among the book running lead managers to the offer.

Metropolis Healthcare is headquartered in Mumbai. The Diagnostic company has a chain of 106 clinical laboratories and 1130 collection centers across 7 countries including India.

Also read: Rail Vikas Nigam launches IPO for 25 crore equity shares at price width of ₹17-19/share

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