Metro Brands IPO - Grey Market, GMP & Reviews

IPO Details

Issue Date 10 Dec 2021 - 14 Dec 2021
Issue Size ₹1367.51 Cr
Issue Price ₹485-500
Market Lot 30 Shares
Shares on Offer 21,450,100
Registrar Link Intime
GMP ₹32-35
Kostak ₹275
Subject to Sauda N/A
Listing Date 22 Dec 2021
Listing Price ₹436
Listing Gain% -13.00

About Metro Brands Limited

They are one of the largest Indian footwear speciality retailers, and are among the aspirational Indian brands in the footwear category. 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 March 31, 2021, our Company operated 586 Stores across 134 cities spread across 29 states and union territories in India.

Their Company has one subsidiary, being Metmill Footwear Private Limited and one joint venture, being M.V. Shoe Care Private Limited.

Company Promoters

Rafique A. Malik, Farah Malik Bhanji, Alisha Rafique Malik, Rafique Malik Family Trust And Aziza Malik Family Trust are the company promoters.

Company Financials

Particulars 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets (In ₹ Millions) 16,593.40 16,174.23 13,215.06
Total Revenue (In ₹ Millions) 8,785.38 13,110.68 12,368.95
Profit After Tax (PAT) (In ₹ Millions) 646.19 1,605.75 1,527.31

Grey Market Premium Updates

Date GMP Kostak Subject to Sauda
14 Dec 2021 ₹32-35 N/A N/A
09 Dec 2021 ₹80-85 ₹275 N/A

Strengths & Weaknesses

Strength
Weakness

Metro Brands Limited IPO Reviews

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Subscription Details

Date & Time QIB NII RII Total
Day 1 - 10 Dec 2021 0.00 0.02 0.52 0.27
Day 2 - 13 Dec 2021 0.16 0.17 0.87 0.52
Day 3 - 14 Dec 2021 8.49 3.02 1.13 3.64

Allotment Status

Please click the link below to check the IPO allotment status.

IPO Allotment Status

Metro Brands Limited IPO FAQs

  1. When will Metro Brands Limited IPO open?

    Metro Brands Limited IPO will open on 10 Dec 2021 and close on 14 Dec 2021.

  2. What is the listing date of Metro Brands Limited IPO?

    Metro Brands Limited IPO will list on 22 Dec 2021.

  3. What is the offer price of Metro Brands Limited IPO?

    The offer price of Metro Brands Limited IPO is ₹485-500.

  4. What is the lot size of Metro Brands Limited IPO?

    The lot size of Metro Brands Limited IPO is 30.

  5. What is the Grey Market Premium (GMP) price of Metro Brands Limited IPO?

    The Grey Market Premium (GMP) price of Metro Brands Limited IPO is ₹32-35.

  6. What is the Kostak price of Metro Brands Limited IPO?

    The Kostak price of Metro Brands Limited IPO is ₹275.

  7. What is the Subject to Sauda price for Metro Brands Limited IPO?

    The Subject to Sauda price for Metro Brands Limited IPO is Not Available at the moment.

Metro Brands Limited IPO Review/Comments

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