Metropolis Healthcare Limited which had tapped the capital markets with its offer for sale was subscribed. The offer for sale was for 1,36,85,095 equity shares. The price band was Rs 877-880. Earlier the company had completed allocation to anchor investors. The company allotted 60,23,293 equity shares to 21 Anchor Investors comprising of 26 entities at Rs 880 per equity share of face value of Rs 2 per share. The highest allocation has been made to Smallcap World Fund who has been allotted 20,45,882 equity shares comprising of 34% of the anchor allocation.
The issue had received average response on the first two days that it was open and even till half an hour before the issue was to close. In the last half an hour, the response just poured in with the QIB portion oversubscribed 8.88 times. The HNI portion was subscribed 3.03 times. Retail portion was subscribed 2.21 times. Employee portion remained undersubscribed at a mere 0.05 times.
Full details of the subscription are given below: –
Metropolis Subscription
Bucket Size | Shares Applied for | Times Oversubscribed | |
QIB | 4015529 | 35653386 | 8.88 |
HNI | 2007764 | 6086306 | 3.03 |
Retail | 1338509 | 2956606 | 2.21 |
Employee | 300000 | 16235 | 0.05 |
Total | 7661802 | 44712533 | 5.84 |