Moneycontrol Be a Pro
Get App
you are here: HomeNewsBusinessIPO
Last Updated : Apr 05, 2019 11:04 PM IST | Source: Moneycontrol.com

Metropolis Healthcare IPO oversubscribed 5.84 times on interest from QIB

The reserved portion for qualified institutional investors has seen subscription of 8.88 times and non-institutional investors 3.03 times while retail investors part is subscribed 2.21 times.

Moneycontrol News @moneycontrolcom
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

The initial public offering of Metropolis Healthcare has received good response from qualified institutional as well as retail investors on April 5, the last day of subscription.

The Rs 1,204-crore public issue has subscribed 5.84 times, as per subscription data available on exchanges. It received bids for 4.47 crore equity shares against IPO size of 76.61 lakh equity shares (excluding anchor investors' portion), at 21:00 hours IST.

The reserved portion for qualified institutional investors has seen subscription of 8.88 times and non-institutional investors 3.03 times while retail investors part is subscribed 2.21 times.

Close

The public offer of diagnostics chain opened for subscription on April 3, with a price band of Rs 877-880 per share.

The company raised Rs 530 crore by selling shares to anchor investors ahead of its initial share sale. It allotted 60,23,293 equity shares to 26 anchor investors at Rs 880 per unit.

Among the anchor investors are Small Cap World Fund, Fundsmith Emerging Equities Trust, Sundaram Mutual Fund, UTI Equity Fund, Edelweiss Crossover Opportunities Fund.

It is an offer for sale. Promoter Sushil Shah will offload 62,72,335 shares, while investor CA Lotus Investments, a part of Carlyle Group, will sell 74,12,760 shares through the IPO, which reserved 3 lakh shares for employees.

Shah had said the promoters would utilise the proceeds to retire their debt.

The Carlyle Group owns 31 percent stake in the company and the rest is owned by promoters.

JM Financial, Credit Suisse, Goldman Sachs, HDFC Bank and Kotak Mahindra Capital are the lead managers to the offer.

The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Apr 5, 2019 10:02 pm
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant
Make every wish come true
10% CashBack on Apparel
10% CashBack on Electronics
Swipe & Win iPhone 11 every hour