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Metro Brands IPO Details

Metro Brands IPO Details
IPO Opening Date Dec 10, 2021
IPO Closing Date Dec 14, 2021
Issue Type Book Built Issue IPO
Face Value ₹5 per equity share
IPO Price ₹485 to ₹500 per equity share
Market Lot 30 Shares
Min Order Quantity 30 Shares
Listing At BSE, NSE
Issue Size [.] Eq Shares of ₹5
(aggregating up to ₹1,367.51 Cr)
Fresh Issue [.] Eq Shares of ₹5
(aggregating up to ₹295.00 Cr)
Offer for Sale 21,450,100 Eq Shares of ₹5
(aggregating up to ₹1,072.51 Cr)
QIB Shares Offered Not more than 50% of the offer
Retail Shares Offered Not less than 35% of the offer
NII (HNI) Shares Offered Not less than 15% of the offer

Tentative Timetable
IPO Open Date Dec 10, 2021
IPO Close Date Dec 14, 2021
Basis of Allotment Date Dec 17, 2021
Initiation of Refunds Dec 20, 2021
Credit of Shares to Demat Account Dec 21, 2021
IPO Listing Date Dec 22, 2021

Lot Size
Minimum 1 30 ₹15,000
Maximum 13 390 ₹195,000

Competitive Strengths
– One of India’s largest footwear retailers
– Wide range of brands and products
– Efficient operating model and asset-light business
– Presence across multiple formats and channels
– First choice for other national and international third-party brands
– Strong promoter background and an experienced management team
– Strong track record of growth and profitability

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