Diagnostics firm Metropolis Healthcare files IPO draft papers with Sebi

Shares of the company are proposed to be listed on BSE and NSE

Diagnostics company Metropolis Healthcare has filed its draft papers with market regulator Sebi for its initial public offering (IPO).

The IPO is of up to 1,52,69,684 equity shares, consisting an offer for sale of up to 50,17,868 equity shares by Sushil Kanubhai Shah and up to 1,02,51,816 equity shares by CA Lotus Investments, according to the draft red herring prospectus (DRHP) filed with the Sebi.

The objective of the offer are to achieve the benefits of listing the equity shares on the stock exchanges and for the offer for sale, it said.

Further, the company expects that listing of the equity shares will