Metropolis Healthcare’s IPO on April 3

Metropolis Healthcare’s IPO on April 3

Agency News

Mumbai, Mar 28 : An IPO of Metropolis Healthcare's Limited will be opened on April 3 and close on April 5. At launch, Sushil Kanubhai Shah (the Promoter Selling Shareholder) said on Thursday the IPO consists of 13,685,095 equity shares of face value of Rs. 2 each consisting of an Offer for Sale of up to 6,272,335 Equity Shares.

The Offer includes a reservation of up to 300,000 Equity Shares, for subscription by Eligible Employees . The Offer less the Employee Reservation Portion is hereinafter referred to as the Net Offer, and such Net Offer aggregates up to 13,385,095 Equity Shares. Mr Shah said the Bid/Offer Closing Date is on April 05,2019. The Price Band for the Offer is from Rs. 877 to Rs. 880 per Equity Share. Bids can be made for a minimum lot of 17 Equity Shares and in multiples of 17 Equity Shares thereafter.

The Equity Shares are proposed to be listed on BSE and NSE (the Stock Exchanges). The Book Running Lead Managers to the Offer are JM Financial Limited, Credit Suisse Securities (India) Private Limited, Goldman Sachs (India) Securities Private Limited, HDFC Bank Limited and Kotak Mahindra Capital Company Limited.

The objects of the Offer are to achieve the benefits of listing the Equity Shares on the Stock Exchanges and for the Offer for Sale. The Anchor Investor Bid/Offer Period shall be one Working Day prior to the Bid/Offer Opening Date. (UNI)