Metropolis Healthcare Rs 1,204 crore IPO to open on April 3

MUMBAI: Diagnostics company Metropolis Healthcare's initial public offering (IPO) which plans to raise up to Rs 1,204 crore will open for subscription on April 3.

The price band has been fixed in the range of Rs 877-880 per share.

The company looks to sell 13,685,095 shares. Of these, promoter Dr Sushil Shah will sell 6,272,335 shares, while investor CA Lotus Investments will offload 7,412,760 shares.


The offer reserves 300,000 shares for the employees.

The company's revenue from operations rose at a CAGR of 16.3 per cent to Rs 643.6 crore from FY16 to FY18, while its profits rose at a CAGR of 15.7 per cent to Rs 109.7 crore.

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