The details about the Metro Brands IPO is as:
- The issue size of the IPO is 1367.5 Cr.
- The price band ranges from Rs 485 to Rs 500.
- The shares of Metro Brands ltd will list on 22nd December 2021.
- The latest tentative GMP of Metro Brands IPO is Rs 20.
- The share of Metro Brands IPO is subscribed 3.64 Times as of 14th December 2021.
Metro Brands IPO Valuation
The approx valuation of Metro Brands IPO based on its price band and DRHP/RHP is:
| Particulars |
Value |
| Upper Price Band |
Rs 500 |
| Existing Shares (Qty) |
26.56 Cr |
| Fresh Issue |
295 Cr |
| Market Cap |
13,575 Cr |
| EPS (FY21) |
Rs 2.43 |
| PE Ratio |
205.7x |
Metro Brands IPO Issue Size
Metro Brands IPO issue details:
| Issue |
Amount |
| Fresh Issue |
295 Cr |
| Offer For Sale (qty) |
2.14 Cr shares |
Metro Brands Market Lot
An Individual can apply for a minimum 1 lot of 30 shares and a maximum of 13 lots of 390 shares. Find the details below:
| Application |
Lot |
Shares |
Amount |
| Minimum |
1 |
30 |
Rs 15,000 |
| Maximum |
13 |
390 |
Rs 1,95,000 |
Metro Brands IPO Share Offer
The share of Metro Brands IPO is subscribed 3.64 Times as of 14th December 2021. It is OverSubscribed as of now. The category-wise subscription is as follows:
| Category |
% Offered |
Subscription |
| Qualified Institutional |
Maximum 50% |
8.49 Times |
| Non-Institutional |
Minimum 15% |
3.02 Times |
| Retail Individual |
Minimum 35% |
1.13 Times |
| Total |
|
3.64 Times |
Metro Brands IPO Grey Market Premium
| As on |
GMP (Tentative) |
| 12 December 2021 |
Rs 30 |
| 13 December 2021 |
Rs 25 |
| 14 December 2021 |
Rs 20 |
| 15 December 2021 |
Rs 15 |
| 16 December 2021 |
Rs 20 |
It is purely for informational purposes and invest in an IPO after thoroughly researching on your own.
Find below the dates for Metro Brands IPO:
| Schedule |
Date |
| Basis of Allotment |
17 December 2021 |
| Refunds |
20 December 2021 |
| Credit to Demat Account |
21 December 2021 |
| IPO Listing Date |
22 December 2021 |
Check allotment status