Metro Brands Limited
ListedMainboardConsumer Discretionary · NSE / BSE
Metro Brands Limited, established in 1955, is one of India’s largest footwear retailers, offering a wide range of branded shoes for men, women, kids, and unisex styles for different occasions. The company focuses on the mid and premium segments and features popular in-house brands like Metro, Mochi, Walkway, Da Vinchi, and J. Fontini, along with third-party brands such as Crocs, Skechers, Clarks, Florsheim, and Fitflop. Metro Brands also sells accessories like belts, bags, socks, masks, and wallets, as well as footcare and shoe-care products through its joint venture M.V. Shoe Care Private Limited. The company operates its stores under the company-owned and company-operated (COCO) model through Multi Brand Outlets (MBOs) and Exclusive Brand Outlets (EBOs). As of September 30, 2021, it had 598 stores across 136 cities in 30 states and union territories, and has been backed by investor Rakesh Jhunjhunwala since 2007.
Price Band
₹485 – ₹500
Issue Size
₹1368 Cr
Lot Size
30 shares
GMP
₹55
-11.0%
Est. Listing
₹445
at current GMP
Subscribed
—
Open
10 Dec 2021
Close
14 Dec 2021
Allotment
17 Dec 2021
Refund
18 Dec 2021
Demat Credit
19 Dec 2021
Listing
22 Dec 2021
Last updated 12 days ago
Official Registrar Verification
Metro Brands Limited Allotment Status
Designated Registrar: Link Intime India Private Limited
Allotment Date
17 Dec 2021
Basis finalization
Refunds Initiate
18 Dec 2021
Mandate release
Demat Credit
19 Dec 2021
Shares in demat
Listing Debut
22 Dec 2021
Trading begins
How to Check Metro Brands Limited IPO Allotment Status
- Click the Check on Registrar button above to visit Link Intime India Private Limited's allotment portal.
- Select Metro Brands Limited from the dropdown company list.
- Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
- Enter your details accurately and solve the Captcha code.
- Click Submit / Search to view the number of shares applied and allotted to you.
About Metro Brands Limited Public Issue & Market Profile
Metro Brands Limited is bringing an initial public offering (IPO) in the Consumer Discretionary sector with an aggregate issue size of ₹1,367.51 Crores. The shares are offered at a price band of ₹485 to ₹500 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Public Issue & Allotment Procedure:
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 30 shares (approx. ₹15,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Official Allotment Timelines & Registrar Guidance:
Allotment reconciliation will be managed by Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2021-12-19, while un-allotted funds or UPI block mandates will be released on 2021-12-18.
Frequently Asked Questions
What if my name is not showing on the registrar portal?
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
How will I receive the refund if I don't get allotment?
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.