Business Standard

Metro Brands Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

1,367.51 cr

Price Range (₹)

500

Lot Size

30

Min Investment (₹)

15,000.00

Listing Exchange

MumbaiNSE

Open Date

10-Dec-2021

Close Date

14-Dec-2021

Listing Date

22-Dec-2021

Metro Brands Ltd News

    The Shares of Metro Brands Ltd have now been listed.

    Metro Brands Ltd IPO Details

    Initial public offering of 27,350,100* equity shares of face value of Rs. 5 each (Equity Shares) of the company for cash at a price of Rs. 500 per equity share (including a share premium of Rs. 495 per equity share) (Offer Price) aggregating to Rs. 1367.51 crores (The Offer) comprising a fresh issue of 5,900,000* equity shares aggregating to Rs. 295.00 crores by the company (The Fresh Issue) and an offer for sale of 21,450,100* equity shares aggregating to Rs. 1072.51 crores by the selling shareholders comprising 13,015,000 equity shares aggregating to Rs. 650.75 crores by the promoter selling shareholders, 8,427,000 equity shares aggregating to Rs. 421.35 crores by the promoter group selling shareholders and 8,100 equity shares aggregating to Rs. 0.41 crores by the other selling shareholder (together the Offer for Sale). The offer would constitute 10.07 % of the post-offer paid-up equity share capital. *Subject to the finalisation of the basis of allotment.The offer price is 100 times the face value of the equity shares. Bids can be made for a minimum of 30 equity shares and in multiples of 30 equity shares thereafter.

    Objective of issue

    Expenditure for Opening the New Stores. General Corporate Purposes.

    Metro Brands Ltd Contact Details

    Metro Brands Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

    Phone - 91-22-49186000

    Fax - 91-22-49186060

    Email - investor.relations@metrobrands.com

    Website - www.metrobrands.com