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Metro Brands IPO Listing on 22 December on NSE & BSE

Written by on December 20, 2021

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 is not listed yet. We will update the Metro Brands share price as on the listing day. Happy Investing!

Metro Brands Share Price Live Quote

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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 profit of ₹500 to ₹1500.

What is Metro Brands Share Price on Listing Day?

The IPO is listed at ₹0.00 on NSE and at ₹0.00 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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