Metropolis Healthcare is all set to launch an Initial Public Offering (IPO) worth INR 1,204 crore on April 3 and the price band is set at INR 877 – 880 per share. The public issue is comprising 1,36,885,095 equity shares. This Initial public offer includes an offer for sale up to 74,12,760 shares by CA Lotus Investments and 62,72,335 shares by DR Sushil Kanubhai Shah – the promoter.

Around 3 Lac equity shares are reserved for the eligible employees. The company won’t receive any proceeds because the shares will be sold by a promoter and investor. The minimum lot is set to 17 equity shares and in multiple of it thereafter.

JM Financial, Goldman Sachs (India) Securities, Kotak Mahindra Capital Company, HDFC Bank and Credit Suisse Securities (India) are the lead managers to this offer.

The shares are proposed to be listed on NSE and BSE.