Metro Brands IPO allotment date, how to check status online directly on BSE and more

Metro Brands IPO Allotment: The initial public offer of footwear retailer Metro Brands Limited was subscribed 3.64 times on the last day of subscription. 

Metro Brands IPO shares allotment finalisation is likely to place on 17th December.

Here is direct BSE link and step by step guide to know Metro Brands IPO Shares Allotment status online:-

Step 1- Login at BSE link — bseindia.com/investors/appli_check.aspx
 
Step 2- Select Metro Brands IPO
 
Step 3- Enter your Metro Brands IPO application number
 
Step 4- Enter your PAN card details
 
Step 5 - Click at 'I'm not a robot'
 
Step 6 - Click at 'Submit' button
 
You will get to know the Metro Brands IPO shares allotment status of your application

Metro Brands IPO

-The Rs 1,367.5-crore IPO received bids for 6,96,12,480 shares against 1,91,45,070 shares on offer, according to NSE data.

-The category for Qualified Institutional Buyers (QIBs) garnered 8.49 times subscription, while those for non-institutional investors 3.02 times and Retail Individual Investors (RIIs) 1.13 times.

- The company, which is backed by ace investor Rakesh Jhunjhunwala, raised over Rs 410 crore from anchor investors.

- The initial public offer (IPO) had a fresh issue of Rs 295 crore and an offer for sale of up to 2,14,50,100 equity shares.

- The price range for the offer was Rs 485-500 per share.

- The proceeds from the fresh issue will be utilised towards expenditure for opening new stores of the company, under the 'Metro', 'Mochi', 'Walkway' and 'Crocs' brands and for general corporate purposes.

- Currently, the company has 598 stores in 136 cities spread across the country.

- Axis Capital Limited, Ambit Private Limited, DAM Capital Advisors Limited, Equirus Capital Private Limited, ICICI Securities Limited, and Motilal Oswal Investment Advisors Limited were the managers of the offer.