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Metropolis Healthcare $174 million IPO over subscribed

Updated : April 05, 2019 07:29 PM IST

Of the 13.7 million shares the Indian diagnostics company intends to sell, promoter Sushil Kanubhai Shah will give up 6.3 million shares, while investor CA Lotus Investments, a unit of US-based private equity firm Carlyle Group, will offload 7.4 million shares.
The IPO includes an anchor portion of about 6 million shares.
Over the last month, India's state-owned Rail Vikas Nigam Ltd and the first ever real estate investment trust in India, Embassy Office Parks REIT have seen successful subscriptions.
Metropolis Healthcare $174 million IPO over subscribed
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