
Consumer 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
-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: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹500
Band: ₹485 – ₹500
Estimated Listing Price
₹445
Upper price + GMP
Lot Size
30 shares
Min investment ₹15,000
Estimated Profit / Lot
₹0
30 × ₹-55
Grey Market Premium trend
-₹55
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | -₹55 | -11.0% | ₹445 |
| 30 Oct 2026 | -₹55 | -11.0% | ₹445 |
| 29 Oct 2026 | — | -9.9% | ₹451 |
GMP is unofficial market data. Not a guarantee of listing performance.
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.
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.
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.
The latest grey market premium for Metro Brands Limited IPO is ₹-55, which indicates an expected listing price of ₹445.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.