InvestorQ : Why analysts in the market are betting on Metropolis IPO for the long run?
vani Patil made post

Why analysts in the market are betting on Metropolis IPO for the long run?

Answer
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1 year ago


Diagnostics chain Metropolis Healthcare has shown good response in its opening at Rs 960 (over 9% premium) on the Bombay Stock Exchange and National Stock Exchange. The company's higher-end of a price band is Rs. 877-880 per share.

Metropolis Healthcare made its mark in the news as the country's third-largest listed diagnostics chain that managed to raise up to Rs 1,204 crore through public issue of 1,36,85,095 equity shares (approx.).

Market experts expect Metropolis to reach more high level. IPO may reach to the range of 5-10%. Also, on this experts suggest investors can book their profits or wait for it to grow its value higher over 15% gain on allotment price.

The public offer of Metropolis Healthcare was opened for subscription during April 3-5 and was subscribed over 5.84 times. It had maximum subscriptions by qualified institutional investors.