Metro Brands IPO details (10 – 14 Dec), (Price ₹ 485 to 500)
Metro Brands IPO price band, GMP, Allotment, Listing date and Price
Listing date and Listing Price of Metro Brands IPO:
- Metro Brands IPO listed on BSE and NSE exchanges on – Click Here
- Listing Price of Metro Brands IPO on NSE – Click Here
- Listing Price of Metro Brands IPO on BSE – Click Here
Grey Market premium (GMP) price of Metro Brands IPO :
Grey Market premium (GMP) price of Metro Brands IPO is ₹__ . Grey Market premium (GMP) of Metro Brands IPO means, unofficially if someone buys or sells his application at a fixed rate irrespective of listing price. Check latest GMP of all IPOs.
Metro Brands IPO Allotment link status on Link Intime:
- Check the allotment status of Metro Brands IPO on the below link given by Link Intime.
- Metro Brands IPO Allotment Link – https://linkintime.co.in/MIPO/Ipoallotment.html
Metro Brands IPO Allotment link status on Link Intime can be checked by Application No or DP Client ID or PAN.
Metro Brands IPO subscription status details:
|QIB (Qualified Institl. Bidders)||NIB (Non-institutional Investor)||RII (Retail Individual Investor)||Total No. of times applied|
|No. of shares offered||54,70,020||41,02,515||95,72,535||1,91,45,070|
Metro Brands IPO highlights:
|Metro Brands IPO bid Opens on||10 Dec 2021|
|Metro Brands IPO bid Closes on||14 Dec 2021|
|Post issue Modification Period||15 Dec -2021 (10.00 A.M. to 11.00 A.M.)|
|Cut-off time for UPI Mandate Confirmation||15 Dec -2021 (upto 12:00 PM)|
|Issue type||100% Book Building|
|Metro Brands IPO issue size||₹ 1,367.51 Cr|
|Face value of each equity share||Rs. 5|
|Metro Brands IPO Price band||Rs 485 to Rs 500 per share|
|Metro Brands IPO market lot||30 equity shares and multiples of 30|
|Metro Brands IPO minimum order quantity||30 equity shares|
|Pre IPO equity share of promoters of Metro Brands||84.02 %|
|Post IPO paid-up equity share of promoters of Metro Brands||74.27 %|
|QIB portion reservation in Metro Brands IPO||50 %|
|NIB portion reservation in Metro Brands IPO||15 %|
|Retail portion reservation in Metro Brands IPO||35 %|
|Retail individual bidder can apply in Metro Brands IPO||up to 2 lakh (200,000) – Maximum 13 Lot|
|Retail individual discount in Metro Brands IPO||NA|
|Employees can apply in Metro Brands IPO||up to 5 lakh (500,000)|
|Employees Reservation in Metro Brands IPO||NA|
|Employees Discount in Metro Brands IPO||NA|
|Listing of Metro Brands at Exchanges||NSE, BSE|
|Fund raised from Anchor Investors in Pre-IPO of Metro Brands||NA|
|Registrar of Metro Brands IPO issue||Link Intime India Private Limited|
Metro Brands IPO important dates regarding bidding, allotment, listing, refund etc. :
The probable dates regarding bidding, allotment, listing, refund of Metro Brands IPO are mentioned below.
|Metro Brands IPO opens on||10.12.2021|
|Metro Brands IPO Closes on||14.12.2021|
|Allotment basis date of Metro Brands IPO||17.12.2021|
|Money refund date of Metro Brands IPO||20.12.2021|
|Shares of Metro Brands in Demat Account||21.12.2021|
|Metro Brands IPO listing date on NSE, BSE||22.12.2021|
How much shares of Metro Brands IPO are being offered?
|Type of Issue (Fresh / OFS)||No. of Equity shares offered||Amount of Equity shares|
|Total Issue size||₹ 1,367.51 Crore|
|Fresh Issue size||–||₹ 295 Crore|
|Offer for Sale (OFS)||–||₹ 1072.51 Crore|
Metro Brands financial statements details:
|(₹ million)||(₹ million)||(₹ million)|
|Profit After Tax||646.19||1,605.75||1,527.31|
IPO Red Herring Prospectus (RHP) of Metro Brands:
Objectives of the Metro Brands IPO Issue: (Source – RHP)
Fresh Issue + OFS
Fresh Issue : We propose to utilise the Net Proceeds towards funding the following objects: 1. Expenditure for opening new stores of the Company, under the “Metro”, “Mochi”, “Walkway” and “Crocs” brands (“New Stores”); and 2. General corporate purposes
Business of Metro Brands: (Source – RHP)
We are one of the largest Indian footwear speciality retailers, and are among the aspirational Indian brands in the footwear category (Source: CRISIL Report). We opened our first store under the Metro brand in Mumbai in 1955, and have since evolved into a one-stop shop for all footwear needs, by retailing a wide range of branded products for the entire family including men, women, unisex and kids, and for every occasion including casual and formal events. As of September 30, 2021, our Company operated 598 Stores (as defined below) across 136 cities spread across 30 states and union territories in India.
We target the economy, mid and premium segments in the footwear market, which together are expected to grow at a higher rate compared to the total footwear industry between Fiscal 2020 and 2025. These segments have a higher presence of organised players and their growth in the overall footwear industry is expected to accelerate growth of the organized segment in the footwear industry (Source: CRISIL Report). Our Company had the third highest number of exclusive retail outlets in India, in Fiscal 2021 (Source: CRISIL Report).
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