Metro Brands Limited IPO
Metro Brands Limited was a mainboard IPO in the Footwear sector, offered at ₹485–₹500 per share to raise ₹1,368 crore. The issue was subscribed 3.64× overall (QIBs 8.49×, NIIs 3.02×, retail 1.13×). It listed on 22 Dec 2021 at ₹437 and closed its first day at ₹493, a listing loss of -1.3% versus the ₹500 issue price. It now trades around ₹823 (+64.7% versus the issue price).
Frequently asked questions
- How many times was the Metro Brands Limited IPO subscribed?
- The Metro Brands Limited IPO was subscribed 3.64× overall — 8.49× in the QIB category, 3.02× among non-institutional investors, 1.13× in retail.
- What were the Metro Brands Limited IPO listing gains?
- Metro Brands Limited listed on 22 Dec 2021 at ₹437, closing its first day at ₹493 — a listing loss of -1.3% versus the ₹500 issue price.
- What were the retail allotment odds for the Metro Brands Limited IPO?
- Retail was subscribed 1.13×, so a single-lot application had roughly a 88.5% chance of allotment — most applicants were allotted, and allotment was finalised on 16 Dec 2021.
- What was the price band and lot size of the Metro Brands Limited IPO?
- The price band was ₹485–₹500 per share, with a minimum lot of 30 shares (₹15,000 at the upper band).
- Who were the registrar and lead manager for the Metro Brands Limited IPO?
- Link Intime India Private Limited was the registrar, and Axis Capital was the book-running lead manager.