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IPO Status: Listed [10th Dec 2021 to 14th Dec 2021]
Metro Brands, one of the largest Indian footwear speciality retailers is coming up with an IPO comprising a fresh issue of Rs. 295 Cr and an offer for sale 21,450,100 shares to list on the BSE and NSE. The IPO opens for subscription from 10 Dec to 14 Dec 2021. The face value is Rs. 5 per share IPO price band is fixed at Rs. 485-500 and one can apply for the bid lot of 30 shares and its multiple.. Stay updated with us to know more about the Metro Brands IPO issue size, minimum order amount, business overview, company financials, live subscription, grey market premium, allotment status, and more.
| IPO Issue Opening Date: | 10th Dec 2021 |
| IPO Issue Closing Date: | 14th Dec 2021 |
| IPO Issue Price: | ₹485-500 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | 35 |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹1368 Cr |
| Offer for Sale: | 21,450,100 shares at ₹500 each |
| Fresh Issue: | ₹295 Cr. |
| Face Value: | ₹5 Per Equity Share |
| IPO Discount: | Employee ₹78 |
| Promoter Holding Pre IPO: | 84.02% |
| Promoter Holding Post IPO: | 74.27% |
| Allotment Status: | Allotment Status |
| BSE Code: | 543426 |
| NSE Code: | METROBRAND |
Get important updates regarding Metro Brands IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 17th Dec 2021 |
| Refunds Initiation* | 20th Dec 2021 |
| Credit of Shares to Demat* | 21st Dec 2021 |
| IPO Listing Date* | 22nd Dec 2021 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹485-500 |
| Market Lot: | 30 Shares |
| 1 Lot Amount: | ₹15000 |
| Min Small HNI Lots(2-10 Lakh): | 420 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 22-12-2021 | 500 | -55 | -- | ₹445 (-11%) | 22-Dec-2021 8:01 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Metro Brands Limited is one of the largest Indian footwear speciality retailers. The company offers a wide range of branded casual and formal footwear products for men, women, unisex, and kids. It retails footwear under different brand names such as Metro, Mochi, Walkway, Da Vinchi, and J. Fontini, and 3rd party brands i.e. Crocs, Skechers, Clarks, Florsheim, and Fitflop. It also offers accessories i.e. belts, bags, socks, masks, and wallets at its stores.
It undertakes its operations through retail stores, distributors, and online channels. The company primarily operates on the "Company-owned and company-operated" model through "Multi Brand Outlets" and "Exclusive Brand Outlets". As of Sept 30, 2021, it has a total of 598 stores across 136 cities in 30 states and union territories in India.
| Incorporation | Sector | IPO Issue Size | Website |
| 1977 | Retail | ₹1368 Cr | http://www.metrobrands.com/ |
The net proceeds from the IPO will be utilized towards the following objectives;
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 5,470,020 (28.57%) | 4,102,515 (21.43%) | 9,572,535 (50%) | 19,145,070 | |
| 1 | 10th Dec 2021 22:01 | 0.00x | 0.02x | 0.52x | 0.27x |
| 2 | 13th Dec 2021 17:02 | 0.16x | 0.17x | 0.87x | 0.52x |
| 3 | 14th Dec 2021 17:02 | 8.49x | 3.02x | 1.13x | 3.64x |
| Metro Brands Financials (₹ in Cr) | 30-Sep-2021 | 31-Mar-2021 | 31-Mar-2020 | 31-Mar-2019 |
|---|---|---|---|---|
| Total Assets | ₹1,739.61 | ₹1,659.34 | ₹1,617.42 | ₹1,321.51 |
| Total Income | ₹489.27 | ₹878.54 | ₹1311.07 | ₹1236.89 |
| Net Profit/Loss | ₹43.07 | ₹64.62 | ₹160.58 | ₹152.73 |
Last Updated on 05-Jan-2022 10:39:31
