Metropolis Healthcare Limited, Mumbai-based Diagnostics Company, is hitting the stock market with its Initial Public Offering (IPO) to raise Rs1,204-Crore on April 3. The issue constituting 1,36,85,095 equity shares will close on 5-April.
At upper band and at lower band it will raise about Rs.1,200-crore. The price band is fixed at Rs877 to Rs880 for every equity share of face value of Rs. 2. The total number of shares being offered is 1.37-crore, which is entirely offered for sale. The offer includes a reservation of up to 3.00 lakh equity shares for subscription by entitled employees.
Top Four IPO by performance in the FY2019: Top three performed IPOs this fiscal are Fine Organic, RITES, TCNS Clothing which listed on the Exchanges in this fiscal with gains nearly 50%. Also the IPO of Charlet Hotels Limited gained 21.38% in this fiscal.
Upcoming IPOs: There are some Large Cap Upcoming IPOs with issue size of over Rs.500-Crore, with their DRHPs submitted to SEBI, which are as follows: Chalet Hotels, UTI Mutual Fund Mazagon Deck Shipbuilders Lodha Developers NSE, Bharat Serum, SREI Equipment Finance, Flemingo Travel Retail and Polycab India.