Metro Brands IPO Allotment Status: The IPO allotment of Metro Brands commenced on 10th Dec and concluded on 14th Dec 2021 with subscriptions up to 3.64 times. The company’s IPO received 5,71,70,430 bids against 1,91,45,070 on offer for sale. Metro Brands IPO Allotment Status can be checked from BSE’s website or Link Intime website who is the registrar of the company.
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Metro Brands IPO Allotment Status
Backed up by an ace investor Rakesh Jhunhunwala, Metro Brands is the second company that has been backed up by him this month after the Star Healths. Metro Brands Ltd was established in 1955 and is one of the largest Indian footwear speciality retails in India. The company provided the footwear for all occasions, casual into all genders like male, female, children. To know in detail, about the Metro Brands IPO Status keep scrolling through this article.
Metro Brands Allotment Status: Overview
| Name of Company | Metro Brands Ltd |
| Registrar Name | Link Intime Pvt Ltd |
| Category | IPO Allotment |
| IPO Lot Size | ₹1,367.51 Cr |
| Face Value | ₹5 |
| Issue Type | Book Built Issue IPO |
| IPO Price | ₹485-₹500 per equity share |
| Market Lot | 30 Shares |
| Issue Size | ₹5 equity shares (aggregating up to ₹1,367.51 Cr) |
| Fresh Issue | ₹ 5 equity shares (aggregating up to ₹295.00 Cr) |
| Offer for Sale | 21,450,00 equity shares (aggregating up to ₹1,072.51 Cr) |
| QIB Shares Offered | not more than 50% |
| NII Shares Offered | not more than 15% |
| Retail Shares Offered | not more than 35% |
| Metro Brands Official Website | metrobrands.com |
Competitive Strengths of Metro Brands
- Country’s one of the largest footwear retailers.
- Huge range of brands and products.
- Smooth operated model and perfect financial trach rescords.
- First choice of other nations and international brands.
Lead managers, Company Promoters
- Lead Managers: The lead managers of Metro Brands are:
- Ambit Pvt Ltd.
- Axis Capital Ltd.
- DAM Capital Advisors Ltd.
- Equirus Capital Pvt Ltd,.
- ICICI Securities Ltd.
- Motilal Oswal Investment Advisors Pvt Ltd.
- Company Promoters: The company promoters of Metro Brands are as follows:
- Rafique A. Malik.
- Farah Malik Bhanji.
- Alisha Rafique Malik.
- Rafique Malik Family Trust.
- Aziza Malik Family Trust.
Metro Brands IPO Allotment Status Timetable
The following table will tell you the Metro Brands IPO Allotment Status timetable:
| IPO Commence Date | 10th Dec 2021 |
| IPO End Date | 14th Dec 2021 |
| Allotment Date | 17th Dec 2021 |
| Refunds Initiation | 20th Dec 2021 |
| Credit of Shares to Demat Account | 21st Dec 2021 |
| IPO Listing Date | 22nd Dec 2021 |
Metro Brands Grey Market Premium (GMP), IPO Lot Size & Promoter Holdings
- Metro Brands IPO GMP: According to market observes, the grey market premium (GMP) at ₹22 in the grey market today which decrease to ₹3 from the actual ₹25.
- IPO Lot Size: The market lot size is 30 shares in which the retail investors can apply for 13 lots (390 shares or ₹1,95,000).
- Promoter Holding: The promoter’s holding in the company are:
- Pre Issue Promoter Holding: 84.02%.
- Post Issue Promoter Holding: 74.27%.
- IPO Subscription: The company’s IPO was subscribed was 3.64 times where retail investors subscribed 1.13 times, 8.49 times by QIB investors and 3.02 times by NII’s.
- Shares Offered: Metro Brands IPO is public issue of 19,145,070 equity shares where they offers 9,572,535 equity shares to retail investors, 5,470,020 shares to QIB investors and 4,102,515 shares to NII’s.
Methods to check Metro Brands IPO Allotment 2021?
There are two different methods through which you can check Metro Brands IPO Allotment Status and those are:
- BSE’s website:
- Land on BSE’s application status page whose link is given below.
- Note down the details needed to be filled inside the empty boxes and at last, click on ‘Search’ box.
- Wait for few moments and the fresh page will be showcasing your Metro Brands IPO Allotment Status.
- Supervise all the details and then save the page into favourites tab.
- Registrar Website (Link Intime Pvt Ltd):
- After landing on Link Intime’s IPO Allotment page.
- On that page, you’ll see multiple options (Application Number, PAN Number and DP Client Id) via which you can check your IPO Allotment.
- Selet any one of option and then fill the required details.
- Once you submitted the details, tick on ‘Search’ box.
- New web page will be having Metro Brands IPO Allotment Status related details.
You can also check the Metro Brands IPO Allotment Status from various apps which are available on the Google Play Store and can be downloded in IOS/Andriod.
About Metro Brands
Metro Bands is considered as one of the largest footwear retailers in our country and provides a wide range of footwear for men, women, unisex and children for both occasional and casual wear. Some well-known brands like: Metro, Mochi, Walkway, Da Vinchi are considered as third party brands. On 30th Sep 2021, the company operated around 598 stores across 136 cities spread across 30 UT’s in India.
Important Links
| Official Website | metrobrands.com |
| Allotment Date | 17th Dec 2021 |
| BSE’s Website | https://www.bseindia.com/investors/appli_check.aspx |
| Link Intime Website | https://linkintime.co.in/MIPO/Ipoallotment.html |