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. JM Financial, Credit Suisse Securities (India), Goldman Sachs (India), HDFC Bank and Kotak Mahindra Capital Company are the managers to the issue. AZB & Partners represented them for the transaction.

Partners Varoon Chandra and Lionel D’Almeida along with Senior Associate Pamela Kar managed the deal from the firm.