What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of Metro Brands Limited IPO?

Metro Brands Limited IPO has received a total subscription of 0.00 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

Metro Brands Limited

ListedMainboard

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

₹55

-11.0%

Est. Listing

₹445

at current GMP

Subscribed

—

Open

10 Dec 2021

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

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

0.00x

Total Demand

QIB Multiplier

0.00x

Institutions & Funds

NII / HNI

0.00x

High Net-Worth

Retail (RII)

0.00x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 0.00x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
Qualified Institutional (QIB)	13,675,100	—	0.00x
Non-Institutional (NII / HNI)	4,102,530	—	0.00x
Retail Individual (RII)	9,572,570	—	0.00x
Total	27,350,200	0	0.00x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 1.00x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	319,086	319,086	1.00x
HNIs (10L +)	2,041	2,041	1.00x
HNIs (2-10L)	9,768	9,768	1.00x
Total Applications	330,895	330,895	1.00x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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 Schedule:

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 is Metro Brands Limited IPO GMP today?

Currently, Metro Brands Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹485 to ₹500 per equity share.

What is the expected profit per lot for Metro Brands Limited IPO?

The retail lot size is 30 shares requiring a minimum application amount of ₹15,000. Expected listing price is ₹445 per equity share.

What is the issue size and price band for Metro Brands Limited IPO?

The Metro Brands Limited IPO aggregate issue size is ₹1,367.51 Crores with an equity price band set at ₹485 to ₹500 per equity share. The retail lot size is 30 shares requiring a minimum capital outlay of approx. ₹15,000.

How can I check Metro Brands Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 0.00x (Retail: 0.00x, QIB: 0.00x, NII: 0.00x). You can track live multiples directly on our dedicated subscription page.

Where and when will Metro Brands Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2021-12-17. Investors can verify status using PAN card or application number.

When is the listing date for Metro Brands Limited IPO?

Metro Brands Limited shares are scheduled to list on NSE and BSE on 2021-12-22.