Furthermore, the fresh issue will be utilised for the important work below the line.
- A portion of the fresh issue would be used to expand the hospital infrastructure and invest in the latest medical technology.
- IPO proceeds will be allocated for the repayment of debt and to support working capital needs.
Nowadays, the healthcare sector has attracted investors, especially after the pandemic underscored the importance of quality medical facilities on the top floor. Further, the other IPO, such as Rainbow Children’s Hospital and Medanta, had launched their shares successfully, wherein retailers and big investors played a crucial role in the subscription. So there are chances Metro Hospital’s IPO might follow, and a good listing in the market.
Metro hospitals IPO moves pavces them one of the substantial and growing healthcare sectors.
Metro Hospital IPO lead managers
ICICI Securities, Axis Capital, and JM Financial have been appointed as the lead book-running managers for the issue.
Metro Hospital’s Vision for Strategic Growth and Healthcare Excellence.
The Chairman and Managing Director of Metro, Dr. Purshotam Lal, is positive about the IPO. The IPO would be the biggest opportunity for them.
The money we raise will help us provide world-class healthcare to more people and boost our role as a top provider of affordable, quality medical services,” he said.
The IPO proceeds will not only enhance the bed capacity but also improve service quality and integrate digital health solutions, and consider selective acquisitions if opportunities arise.
Healthcare sectors have launched several IPO below the line.
- Dr. Agarwal’s Eye Hospital raised ₹ 3,027 crore in January 2025.
- Global Health (Medanta) raised ₹ 2,205 crore in November 2022.
- Krishna Institute of Medical Sciences raised ₹ 2,143 crore in 2021.
- Smaller hospital chains like GPT Healthcare, Jupiter Life Line, and Yatharth Hospital have also launched IPOs recently.
Impressive Financial Performance of Metro
Metro Hospital’s financials are impressive, as its net profit was up 85% at ₹ 235.16 crore. Its compound annual growth rate (CAGR) of 22% over the last 3 years, as per the sources.
