Friday, April 5, 2019

IPO ANALYSIS : METROPOLIS HEALTHCARE LIMITED -AVOID


Issue Details :


Issue opens /
closes on
03-04 /05-04-2019
Issue size
1.36 Cr equity shares
Face value
Rs 2
Price Band
Rs 877-880
Business
Health care diagnostic business
Promoters
DR. SUSHIL KANUBHAI SHAH,
AMEERA SUSHIL SHAH AND
METZ ADVISORY LLP
Listing
Bse, Nse
BRLM
JM Financial, Credit Suisse
Securities (India),
Goldman Sachs,
Kotak Mahindra .
Registrar
Link Intime

Remarks :
The average EPS during the last 3 years is around Rs 20. Presuming the company will post an EPS of Rs 22 for FY 19, the offer is at 44 PE , which is expensive.

Avoid the IPO.



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