Metro Brands IPO GMP, Metro Brands Grey Market Premium Latest Update
Know all the details about Metro Brand IPO. Metro Brand IPO GMP (Metro Brand Grey Market Premium) is doing well. All the information related to Metro Brands like IPO Date, Metro Brand IPO Review, Metro Brand IPO Benefits and Risks etc. is given below. We will update Metro Brands Limited Gray Market Premium daily. Also, all the information related to Metro Brands IPO like price bands, all dates, issue sizes and retail parts etc.
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| Metro Brands Limited IPO GMP |
Metro Brands IPO
Metro Brands IPO will open on 10 December 2021 and close on 14 December 2021. The price band of the Metro Brands Limited IPO is ₹485 to ₹500. The company is looking to raise around ₹1367 crores through an initial public offering (IPO). Metro Brands Limited is a footwear specialities retailer in India.
In this IPO, about ₹295 crore shares will be sold under fresh issue and the rest (Approx 21,450,100 equity shares) will come under OFS (Offer for Sale). The IPO of Metro Brands will be listed on NSE and BSE.
We will talk about Metro Brands financials, benefits, and risks of investing in the company. Also will know about Metro Brands business model.
Read About RateGain IPO.
What is Metro Brands IPO GMP Today?
Metro Brands IPO GMP is ₹35.
What is the Metro Brands IPO Date?
Metro Brands IPO Opening date is 10 December 2021.
What is Metro Brands IPO Expected Return?
Metro Brands IPO Expected Returns is approx -%.
About Metro Brands Limited
Metro Brands Limited was established in the year 1955. Metro Brands Limited has emerged as one of the largest Indian footwear specialty retailers in India. Metro Brands Ltd. offers a wide range of footwear for men, women, and kids for a variety of occasions and branded products. The company primarily focuses on the mid and premium segments in the footwear market.
Famous brands of Metro Brands include Da Vinci, Metro, Walkway, Cobbler, and J. Fontini. The company has incorporated its own brand as well as some third-party brands, mainly Fontini as well as brands like Crocs, Skechers, Clarks, Florsheim, and FitFlop.
Metro brands sell footwear as well as other accessories like belts, bags, socks, masks, and wallets at their stores. Presently the company is operating about 598 stores in 136 cities of different states in India. India's well-known investor Rakesh Jhunjhunwala has been endorsed as an investor since 2007.
Important Links:
Purpose of the offer
- The company intends to spend for the opening of new stores of the company under the brands "Metro", "Cobbler", "Walkway" and "Crocs".
- To meet common corporate objectives.
Metro Brands GMP Today (Grey Market Premium)
| DATE | GMP | KOSTAK | Subject to Sauda |
|---|---|---|---|
| 21 December | ₹- | ₹- | ₹- |
| 20 December | ₹- | ₹- | ₹- |
| 19 December | ₹35 | ₹- | ₹- |
| 18 December | ₹35 | ₹- | ₹- |
| 17 December | ₹35 | ₹- | ₹- |
| 16 December | ₹35 | ₹- | ₹- |
| 15 December | ₹35 | ₹- | ₹- |
| 14 December | ₹25 | ₹- | ₹- |
| 13 December | ₹25 | ₹- | ₹- |
| 12 December | ₹30 | ₹- | ₹- |
| 11 December | ₹30 | ₹- | ₹- |
| 10 December | ₹80 | ₹- | ₹- |
| 09 December | ₹70 | ₹- | ₹- |
| 08 December | ₹70 | ₹- | ₹- |
| 07 December | ₹- | ₹- | ₹- |
| 06 December | ₹- | ₹- | ₹- |
| 05 December | ₹- | ₹- | ₹- |
Metro Brands IPO Date and Price Band Details
Metro Brands IPO open date: 10 December 2021, Closing date: 14 December 2021, and Listing date: 22 December 2021. The price band of Metro Brands IPO is ₹- to ₹- per share. Metro Brands IPO issue size is Rs 700 crores. Metro Brands Ipo retails portion is 35%, QIB Portion is 50%, and NII Portion 15%.
| IPO Open: | 10 December2021 |
| IPO Close: | 14 December 2021 |
| Listing Date: | 22 December 2021 |
| Listing On: | NSE & BSE |
| IPO Size: | Approx ₹1367 Crores |
| Fresh Issue: | Approx ₹295 Crores |
| Offer For Sale: | Approx 21,450,100 Eq Shares |
| Price Band: | ₹485to ₹500 per share |
| Face Value: | ₹5/Equity share |
| QIB Portion: | 50% |
| Retail Portion: | 35% |
| NII Portion: | 15% |
Metro Brands IPO Market Lot & Size
Metro Brands IPO minimum lot size is 30 shares with ₹15000 application amount and the maximum lot size is 390 shares with ₹195,000 application amount.
| Minimum Lot: | 01 |
| Minimum Lot Size: | 30 Shares |
| Minimum Amount: | ₹15,000 |
| Maximum Lot: | 13 |
| Maximum Lot Size: | 390 Shares |
| Maximum Amount: | ₹195,000 |
Metro Brands IPO Allotment & Listing Date
| Ipo Opening Date: | 10 December 2021 |
| IPO Closing Date: | 14 December 2021 |
| Basis of Allotment: | 17 December 2021 |
| Refund Date: | 20 December 2021 |
| Credit to Demat Account: | 21 December 2021 |
| Listing Date: | 22 December 2021 |
Metro Brands IPO Review
HappiestPost View: To be Updated.
Brokerage Firm IPO Reviews
- Motilal Oswal: To be updated
- ICICI Securities: To be updated
- Capital Market: To be updated
- Ventura Securities Limited: To be updated
- GEPL Capital Ltd: To be updated soon
Metro Brands Ipo Review
Review For Listing Gain
Review For Short term
Review For Long term
Strength
- The company has many famous brands and a wide range of products.
- Metro Brands Limited has emerged as one of the largest footwear retailers in India.
- The company works on the asset-light business.
- The company has an experienced management team with strong promoters.
- The company has its own brands as well as other national and international third-party brands.
- The financial track record of the company has been profitable.
Risks
- The COVID-19 pandemic has had an impact on the Company's operations and business and this threat may recur in the future.
- The company has been unable to successfully manage its expansion.
- The company has a high dependence on other third-party brands.
Metro Brands Financials
Metro Brands Financials (in Crores)
| Year | Total Assets | Revenue | Profit |
|---|---|---|---|
| 2019 | ₹1237 | ₹1009 | ₹153 |
| 2020 | ₹1311 | ₹1093 | ₹161 |
| 2021 | ₹878 | ₹794 | ₹65 |
Promotors
The promoters of the company are:
- Rafique A. Malik
- Farah Malik Bhanji
- Alisha Rafique Malik
- Aziza Malik Family Trust
- Rafique Malik Family Trust
Contact Details of Metro Brands
Metro Brands Limited
Metro Brands (India) Limited
Plot H9, Fourth Main Road,
SIPCOT IT Park, Siruseri, Chennai 603103,
Tamil Nadu, India
Phone: +91 44 4741 4000
Email: manvi.bhasin@datapatterns.co.in
Website: https://www.datapatternsindia.com/
Lead Managers
- Axis Capital Limited
- ICICI Securities Limited
- Ambit Private Limited
- Equirus Capital Private Limited
- Motilal Oswal Investment Advisors Pvt Ltd
- DAM Capital Advisors Ltd (Formerly IDFC Securities Ltd)
Metro Brands IPO Registrars
Link Intime India Private Limited
C-101, 1st Floor, 247 Park,
Lal Bahadur Shastri Marg,
Vikhroli (West),
Mumbai 400 083, Maharashtra, India
Telephone: +91 2249186000
E-mail: metrobrands.ipo@linkintime.co.in
Website: www.linkintime.co.in
Conclusion
Looking at the financial position of the company, the company has performed very well. However, the company's profit has been lower in FY 2021 (March ₹ 65 crore) as compared to FY 2020 (₹161 crores). Talking about the positive things, the company works on the asset-lite model and is going to work more on its own brand. You can go for Decent Listing Gain, if you are a risk-taking investor then you can also consider for the long term.
Metro Brands IPO GMP FAQs
What is Metro Brands IPO GMP Today?
Metro Brands IPO GMP is ₹35 as of today.
What is Metro Brands IPO Opening Date?
Metro Brands IPO Opening date is 10 December 2021.
What is Metro Brands IPO Closing Date?
Metro Brands IPO Closing date is 14 December 2021.
What is the Metro Brands IPO Allotment date?
Metro Brands IPO Allotment Date is 17 December 2021.
What is Metro Brands IPO Listing Date?
Metro Brands IPO Date is 22 December 2021.
What is Metro Brands IPO Kostak Rate?
Metro Brands IPO Kostak rate is ₹0.
What is Metro Brands IPO Expected Returns?
Metro Brands IPO Expected Returns is [.]%.
Read More:
For other important information related to the stock market and Grey Market Premium, Costak rate, you can click on the links given below.
How to Apply the Metro Brands Ltd IPO with Zerodha?
1. Open your Zerodha kite app and visit the Account tab, then see for console and click on IPO.
2. If you are a Desktop user then Log in to Console on Zerodha Website. Go to Portfolio and Click on IPO.
3. You will see the IPO name "Metro Brands Ltd".
4. Then, Click on Bid Button.
5. Then, Enter your UPI ID.
6. Then, Fill in Quantity and Price. (we recommend, you should choose the cutoff price.)
7. Then Submit the IPO Application Form.
8. Now go to your UPI App (PhonePe, Google Pay, etc) or BHIM App to Approve the mandate.
7. Then Submit the IPO Application Form.
8. Now go to your UPI App (PhonePe, Google Pay, etc) or BHIM App to Approve the mandate.
Disclaimer
- We are not involved in grey market trading in any way. And do not provide the facility to buy or sell IPO form of any IPOs.
- Reference to IPO Gray Market Premium (IPO GMP) is valid only for the date specified in the header, we are not involved in the buy or sell of IPO form.
- Do not decide to subscribe to an IPO solely on the basis of GMP (Grey market premium), as this may change at any time prior to listing. Do research about the fundamentals and financial details of companies before subscribing.
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