Metropolis Healthcare Limited Profile
They are one of the foremost diagnostics companies in India, by revenue, as of March 31, 2018 (Source: Frost & Sullivan). They have an extensive presence across 18 states in India, as of March 31, 2018, with a leadership position in the west and south India (Source: Frost & Sullivan). Through their widespread operational network, they offer a comprehensive range of clinical laboratory tests and profiles, which are used for prediction, early detection, diagnostic screening, confirmation and/or monitoring of the disease. Metropolis also offer analytical and support services to clinical research organizations for their clinical research projects. Throughout the financial year 2018, they conducted approximately 16.0 million tests from approximately 7.7 million patient visits.
They offer a wide range of around 3,480 clinical laboratory tests and 524 profiles. The profile comprises of a variety of test combinations which are specific to a disease or disorder as well as wellness profiles that are used for health and fitness screening. They conduct operations through laboratory and service network. Their laboratory system contains 106 clinical laboratories and service network comprises 1,130 patient touch point till March 31, 2018.
Key Strengths:
Big Test Menu: Broad range of approximately 3,480 clinical laboratory tests and 524 profiles, as of March 31, 2018.
Recognized brand: Well-recognized brand, delivering quality and reliable diagnostic services since 1980.
Tests Performed: During the financial year 2018, they conducted approximately 16.0 million tests from approximately 7.7 million patient visits.
Network Strength: They have a widespread presence across 18 states in India, as of March 31, 2018, with a leadership position in the west and south India. Outside India, they have laboratory operations in Ghana, Kenya, Zambia, Mauritius, and Sri Lanka.
Metropolis Healthcare Limited Promoters:
The Promoters of the Company are Dr. Sushil Kanubhai Shah, Ameera Sushil Shah, and Metz Advisory LLP.
Metropolis Healthcare Limited IPO details:
Symbol: METROPOLIS
Issue Size: Initial Public offer of 13,685,095 shares (including anchor portion of 60,23,293 Equity Shares)
Face Value: Rs 2
Price Range: Rs 877 to Rs 880
Issue Type: 100% Book Building
Bid Lot: 17 Equity Shares and in multiples thereof
Minimum Order Quantity: 17 Equity Shares
Issue Period: 03 April 2019 to 05 April 2019
Maximum Subscription Amount for Retail Investor: Rs. 2,00,000
Registrar: Link Intime India Private Limited
Listing At: BSE, NSE
IPO Market Timings: 10.00 a.m. to 5.00 p.m.
Metropolis Healthcare Limited Financials:
| Metropolis Healthcare financial performance (in INR crore) | ||||||
| FY2016 | FY2017 | FY2018 | 9M FY2019 | |||
| Total revenue | 490.6 | 567.7 | 651.6 | 566.8 | ||
| Total expenses | 366.4 | 410.4 | 491.3 | 431.2 | ||
| Profit after tax | 80.0 | 107.5 | 110.5 | 90.6 | ||
| Net margin (%) | 16.3 | 18.9 | 17.0 | 16.0 | ||
Metropolis Healthcare Limited IPO Subscription Details:
| Category | Shares offered | Subscription (no. of times) | ||
| Day1 | Day 2 | Day 3 | ||
| QIB | 4,015,529 | 0.09 | 0.64 | 9.07 |
| NII | 2,007,764 | 0.00 | 0.01 | 3.03 |
| Retail | 1,338,509 | 0.25 | 0.69 | 2.03 |
| Employees | 300,000 | 0.00 | 0.01 | 0.05 |
| Total | 7,661,802 | 0.09 | 0.46 | 5.80 |
Metropolis Healthcare IPO Grey Market Price, Rates, GMP Premium
Metropolis Healthcare Limited IPO Grey Market Premium (GMP) as on 12-04-2019 today at Rs. 30 with Kostak at Rs N/A.
Metropolis Healthcare Limited IPO Grey Market Premium (GMP) as on 11-04-2019 at Rs. 30 with Kostak at Rs N/A.
Metropolis Healthcare Limited IPO Grey Market Premium (GMP) as on 10-04-2019 at Rs. 30 with Kostak at Rs N/A.
Metropolis Healthcare Limited IPO Grey Market Premium (GMP) as on 9-04-2019 at Rs. 30 with Kostak at Rs N/A.
Metropolis Healthcare Limited IPO Grey Market Premium (GMP) as on 8-04-2019 at Rs. 30 with Kostak at Rs N/A.
Metropolis Healthcare Limited IPO Grey Market Premium (GMP) as on 7-04-2019 at Rs. 15 with Kostak at Rs N/A.
Metropolis Healthcare Limited IPO Grey Market Premium (GMP) as on 6-04-2019 at Rs. 15 with Kostak at Rs N/A.
Metropolis Healthcare Limited IPO Grey Market Premium (GMP) as on 5-04-2019 at Rs. 15 with Kostak at Rs 250.
Metropolis Healthcare Limited IPO Grey Market Premium (GMP) as on 4-04-2019 at Rs. 50 with Kostak at Rs 250.
Metropolis Healthcare Limited IPO Grey Market Premium (GMP) as on 3-04-2019 at Rs. 80 with Kostak at Rs 250.
Metropolis Healthcare Limited IPO Grey Market Premium (GMP) as on 2-04-2019 at Rs. 95 with Kostak at Rs 300.
Metropolis Healthcare Limited IPO Grey Market Premium (GMP) as on 1-04-2019 at Rs. 95 with Kostak at Rs 300.
Metropolis Healthcare Limited Allotment Status:
Metropolis Healthcare Limited IPO Allotment Date: 10-April-2019
Metropolis Healthcare Limited IPO Listing Date: 15-April-2019
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