Metro Brands IPO price band, GMP, Allotment, Listing date and Price

Metro Brands IPO details (10 – 14 Dec), (Price ₹ __ to __)

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Metro Brands IPO price band, GMP, Allotment, Listing date and Price

Listing date and Listing Price of Metro Brands IPO:

  1. Metro Brands IPO listed on BSE and NSE exchanges on – Click Here
  2. Listing Price of Metro Brands IPO on NSE – Click Here
  3. 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.

  1. Check the allotment status of Metro Brands IPO on the below link given by Link Intime.
  2. 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)Employee categoryTotal No. of times applied
No. of shares offered     
Day 1     
Day 2     
Day 3     
Metro Brands IPO subscription status live

Metro Brands IPO highlights:

Metro Brands IPO bid Opens on 10  Dec 2021
Metro Brands IPO bid Closes on14  Dec 2021
Post issue Modification Period15 Dec -2021 (10.00 A.M. to 11.00 A.M.)
Cut-off time for UPI Mandate Confirmation15 Dec -2021 (upto 12:00 PM)
Issue type100% Book Building
Metro Brands IPO issue size₹ __  Cr
Face value of each equity shareRs. 5
Metro Brands IPO Price bandRs __  to Rs __  per share
Metro Brands IPO market lot__  equity shares and multiples of __
Metro Brands IPO minimum order quantity__  equity shares
Pre IPO equity share of promoters of Metro Brands83.99  %
Post IPO paid-up equity share of promoters of Metro Brands__  %
QIB portion reservation in Metro Brands IPO50 %
NIB portion reservation in Metro Brands IPO15 %
Retail portion reservation in Metro Brands IPO35 %
Retail individual bidder can apply in Metro Brands IPOup to 2 lakh (200,000) – Maximum 13 Lot
Retail individual discount in Metro Brands IPONA
Employees can apply in Metro Brands IPOup to 5 lakh (500,000)
Employees Reservation in Metro Brands IPONA
Employees Discount in Metro Brands IPONA
Listing of Metro Brands at ExchangesNSE, BSE
Fund raised from Anchor Investors in Pre-IPO of Metro BrandsNA
Registrar of Metro Brands IPO issueLink Intime India Private Limited
Metro Brands IPO highlights

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 on10.12.2021
Metro Brands IPO Closes on14.12.2021
Allotment basis date of Metro Brands IPO17.12.2021
Money refund date of Metro Brands IPO20.12.2021
Shares of Metro Brands in Demat Account21.12.2021
Metro Brands IPO listing date on NSE, BSE22.12.2021
Metro Brands IPO important dates regarding bidding, allotment, listing, refund etc.

How much shares of Metro Brands IPO are being offered?

Type of Issue (Fresh / OFS)No. of Equity shares offeredAmount of Equity shares
Total Issue size₹ __  Crore
Fresh Issue size₹ __  Crore
Offer for Sale (OFS)₹ __  Crore
Employee Reservation
No. of Equity shares offered of Metro Brands IPO

Metro Brands financial statements details:

31.03.202131.03.202031.03.2019
(₹ million)(₹ million)(₹ million)
Total Assets16,593.4016,174.2313,215.06
Total Revenue8,785.3813,110.6812,368.95
Profit After Tax646.191,605.751,527.31
Metro Brands financial statements details

IPO Red Herring Prospectus (RHP) of Metro Brands:

Click here for IPO RHP of Metro Brands on SEBI website.

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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