Metropolis Healthcare IPO kicks off; should you subscribe?

Mumbai: Brokerages are recommending investors to subscribe for diagnostics firm Metropolis Healthcare Ltd’s Rs 1,204 crore initial public offer (IPO) from a long-term perspective, on the back of strong growth prospects and fair valuations. The company is looking to sell 13,685,095 shares. Of these, promoter Dr Sushil Shah will sell 6,272,335 shares, while investor CA Lotus Investments, a subsidiary of U.S.-based private equity firm Carlyle Group will offload 7,412,760 shares. The price band has been fixed in the range of Rs 877-880 per share. “ Metropolis Healthcare has a long…

Metropolis Healthcare: Metropolis Healthcare raises Rs 530 crore from anchor investors

Mumbai: Diagnostics company Metropolis Healthcare has allotted Rs 530.05 crore worth of shares to 26 anchor investors at Rs 880 apiece, a day before the opening of its Rs 1,204 crore initial public offering (IPO). The investors include, Small Cap World Fund, Neuberger Berman Emerging Market Equity Fund, Fundsmith Emerging Equities Trust Plc and First State Indian Sub Continent Fund among others. The company is looking to sell 13,685,095 shares through the IPO. Of these, promoter Sushil Shah will sell 6,272,335 shares, while investor CA Lotus Investments, a subsidiary of…

Embassy Office Parks REIT: Embassy Office Parks REIT raises Rs 1,743 crore from anchor investors

Mumbai: Blackstone-backed Embassy Office Parks REIT, India’s first ever such issue on Friday raised Rs 1,743 crore from anchor investors, including a host of foreign participants. Kotak Mahindra Life Insurance was one of the domestic investors alongside trusts linked to Radhakishan Damani and Gopikishan Damani. Embassy Office Parks REIT, which opens on Monday and closes on Wednesday, plans to raise around Rs 4,750 crore in India’s first real estate investment trust listing. The REIT, which includes Embassy Group properties, is offering units at Rs 299-300 apiece. The Embassy Office Parks…