Metro Brands IPO subscription is to start from December 10, 2021, Friday. The company to raise ₹1367 crores via IPO at a price band of ₹485 to ₹500. The retail portion of this IPO is 35%, QIB is 50% and HNI is 15% quota. The IPO subscription will close on December 14, 2021, Tuesday. The minimum bid for the IPO is 30 shares that cost ₹15,000 for 1 lot. The face value is ₹5 per equity share. A Maharashtra-based Metro Brands is one of the largest and well-known footwear brands in India. The brand they are selling is Metro, Mochi, Walkway, Da Vinchi, and J. Fontini, as well as certain third-party brands such as Crocs, Skechers, Clarks, Florsheim, and Fitflop. The company reported ₹878 crores of revenues in 2021 against ₹1311 crores in 2020. Please check the Metro Brands IPO details over here.
IPOWatch View
We recommend investors apply for an IPO for long-term gain. Investors should also look at the QIB and HNI numbers as well as Metro Brands grey market premium movement before investing. You can check the Metro Brands IPO allotment status here.
Metro Brands IPO Subscription Status (Final Data)
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.00 | 0.16 | 8.49 |
| NII | 0.02 | 0.17 | 3.02 |
| RII | 0.52 | 0.87 | 1.13 |
| Total | 0.27 | 0.52 | 3.64 |
Metro Brands IPO Date & Price Band
| IPO Open: | 10 December 2021 |
| IPO Close: | 14 December 2021 |
| IPO Size: | Approx ₹1367 Crores |
| Fresh Issue: | Approx ₹295 Crores |
| Offer for Sale: | 21,450,100 Equity Shares |
| Face Value: | ₹5 Per Equity Share |
| Price Band: | ₹485 to ₹500 Per Share |
| Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Metro Brands IPO Market Lot
The Metro Brands IPO minimum market lot is 30 shares with ₹15,000 application amount. The retail investors can apply up-to 13 lots, 390 shares with ₹195,000 application amount.
| Minimum Lot Size: | Minimum 30 Shares for 1 lot |
| Minimum Amount: | ₹15,000 for 1 lot |
| Maximum Lot Size: | Maximum 390 Shares for 13 lot |
| Maximum Amount: | ₹195,000 for 13 lot |
Metro Brands IPO Time Table
The Metro Brands IPO date is 10 December 2021 and the IPO close date is 14 December 2021. The allotment date is 15 December 2021 and the IPO may list on 20 December 2021.
| Price Band Announcement: | 06 December 2021 |
| Anchor Investors Allotment: | 09 December 2021 |
| IPO Open Date: | 10 December 2021 |
| IPO Close Date: | 14 December 2021 |
| Basis of Allotment: | 17 December 2021 |
| Refunds: | 20 December 2021 |
| Credit to Demat Account: | 21 December 2021 |
| IPO Listing Date: | 22 December 2021 |
Metro Brands IPO Subscription FAQs:
When Metro Brands IPO Subscription will start?
The IPO subscription starts on 10 December 2021 for QIB, NII, and Retail Investors.
How much Metro Brands IPO subscribed?
The IPO subscribed 3.64x times on day 3.
What is Metro Brands IPO Retail subscription status?
The RII subscription is 1.13x on day 3.
How to subscribe Metro Brands IPO?
You can go with ASBA and Non-ASBA options for a subscription. Go to your bank account and apply for IPO online via ASBA or download the form online or get the physical form and submit the filled form to your broker or bank.
How do I check live Metro Brands IPO Subscription Numbers?
One can visit our portal for live IPO subscription numbers that we are updating hourly basis from the official website NSE and BSE websites. One can check the live subscription on BSE or NSE website on the particular IPO page.
