IPO Status: Closed [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|
|IPO Listing At:||BSE, NSE|
|IPO Issue Type:||Book Built Issue IPO|
|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%|
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In this section we have covered all important dates related to Metro Brands IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.
|IPO Issue Open||10th Dec 2021|
|IPO Issue Close||14th Dec 2021|
|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
|Market Lot:||30 Shares|
|1 Lot Amount:||₹15000|
|Max Retail Lots:||390 shares (13 lots)|
|Min HNI Lots:||420 shares (14 lots)|
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|
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.
|# 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|
Past performance and financial results of Metro Brands.
|Metro Brands Financials (₹ in Cr)||30-Sep-2021||31-Mar-2021||31-Mar-2020||31-Mar-2019|
Metro Brands IPO DRHP >>Document
Metro Brands IPO RHP >>Document
Metro Brands IPO Allotment Status >>Link
Last Updated on 2022-01-05T10:39:31+00:00
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