Metro Brands IPO: The initial public offering (IPO) of footwear retailer Metro Brands opened for subscription on Friday, December 10, 2021. The offer got 27 per cent subscribed by the end of the first day of bidding.
It received total bids for 51,06,330 shares across both the stock exchanges against 1,91,45,070 shares on offer, data from BSE showed. The Rs 1,367.5 crore Metro Brands IPO will be available for subscription till Tuesday, December 14, 2021, and the price band of the company has been fixed at Rs 485-500 per share.
Metro Brands IPO: The initial public offering (IPO) of footwear retailer Metro Brands opened for subscription on Friday, December 10, 2021. The offer got 27 per cent subscribed by the end of the first day of bidding.
It received total bids for 51,06,330 shares across both the stock exchanges against 1,91,45,070 shares on offer, data from BSE showed. The Rs 1,367.5 crore Metro Brands IPO will be available for subscription till Tuesday, December 14, 2021, and the price band of the company has been fixed at Rs 485-500 per share.
The IPO comprises a fresh issue of equity shares worth Rs 295 crore and an offer for sale of 2.14 crore equity shares by promoters and other shareholders.
Through the IPO, the promoters of Metro Brands will offload a nearly 10 per cent stake. At present, the promoters and promoter group hold an 84 per cent stake in the company.