Metro Brands IPO to list on NSE and BSE on 22 December 2021, Wednesday at 10:00 AM. Metro Brands is one of the leading footwear brands in India. They are selling the brands like Metro, Mochi, Walkway, Da Vinchi, and J. Fontini. These are their own brands while they are selling third-party brands like Crocs, Skechers, Clarks, Florsheim, and Fitflop. The IPO subscribed 3.64x times that comprises Qualified Institutional Buyer (QIB) 8.49x, Non-institutional Bidders (NII) 3.02x, and Retail (RII) 1.13x. The company reported a profit of ₹65 crores in 2021 against a profit of ₹161 crores in 2020. The revenues were down in 2021 to ₹879 crores against ₹1311 crores in 2020. The stock will list in B Group. As per the market speculations the stock might list in between ₹480 to ₹530 range. Check out the Metro Brands IPO listing details as given below:
Latest Update: Metro Brands IPO listed at 13% discount at ₹437 on NSE and ₹436 on BSE. The Metro Brands share price hit a high of ₹494 on BSE and NSE in early trade. Happy Investing!
Metro Brands Share Price Live Quote
| Details | BSE Listing | NSE Listing |
| IPO Price |
₹500.00
|
₹500.00
|
| List Price |
₹436.00
|
₹437.00
|
| High Price |
₹494.15
|
₹494.50
|
| Low Price |
₹426.10
|
₹426.00
|
| Close Price |
₹493.55
|
₹493.35
|
| Volume |
775,605
|
19,716,936
|
BSE Notice of Listing: Notice
Metro Brands IPO Listing Details
Find the Metro Brands IPO listing details like BSE Code, NSE Code, ISIN Number, and Listing Group. The information given below will help you on the Metro Brands share listing day.
| BSE Code | 543426 |
| NSE Code | METROBRAND |
| Group | B Group |
| ISIN No | INE317I01021 |
| Offer Price | ₹500 |
| Face Value | ₹5 |
| Listing Date | 22 December 2021, Wednesday |
Important Links:
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 Listing FAQs:
When is Metro Brands IPO Listing Date?
Metro Brands IPO listing date is 22 December 2021, Wednesday.
What will be the estimated listing price of Metro Brands stock?
As per the market speculations, the IPO might list at ₹480 to ₹530 level. If the market supports the stock might go on a higher side around ₹550+ level while on the downside the stock might hit to ₹450 level.
How many returns are expected in Metro Brands IPO?
The IPO might give a listing loss of ₹500 to ₹1500.
What is Metro Brands Share Price on Listing Day?
The IPO is listed at ₹437.00 on NSE and at ₹436.00 on BSE.
Will Metro Brands will list on NSE and BSE?
Yes, The IPO to list on NSE and BSE both the indices.
Should I buy Metro Brands shares on a listing day?
Long-term investors should buy the stock on a listing day. Stock Market investments are subject to market risks.
What is a BSE and NSE Code for the Metro Brands IPO?
The BSE Code is 543426 while NSE Code is METROBRAND.
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Jagat Joshi
Founder of IPOWatch, brings nearly 15 years of experience in IPO analysis and market research. He provides complete coverage of upcoming IPOs, subscription trends, grey market premiums (GMP), and post-listing performance, along with easy-to-understand reviews, insights, and analysis. In his working journey, he has worked with various platforms and received expertise in stock market analysis and primary markets.
