Metro Brands IPO Shares Listing Today Know Listing Price GMP And Details Rakesh Jhunjhunwala

Metro Brands IPO Share Listing: Big Bull Rakesh Jhunjhunwala’s big investment Metro Brands shares have been listed on the stock exchange today. Its shares have a sluggish listing today and the company’s shares have entered the stock market with a 13 percent discount.

Listed on how many rupees
The shares of Metro Brands have been listed at Rs 436 per share on the BSE against the issue price of Rs 500 for the IPO and Rs 437 per share on the NSE. Its sluggish listing has disappointed investors and the intentions of investors hoping for good listing gains have not been fulfilled. After the listing, the shares of Metro Brands are seen trading between Rs 433 to Rs 444 in the initial trade.

Know the price band of IPO
Metro Brands fixed the price band for the IPO at Rs 485-500 per share. The company had raised Rs 410 crore from anchor investors. The country’s leading retailer of footwear sector, Metro Brands is raising Rs 1370 crore from the market through IPO. The company’s IPO opened on 10 December and closed on 14 December. The company is issuing new shares worth Rs 295 crore in the IPO, as well as the promoters and other shareholders of the company are selling 2.14 crore equity shares through the offer for sale.

Know About Metro Brands Company
In 1955, the Metro brand opened its first store in Mumbai. Since then it has grown into a one-stop shop for a large retail chain of branded products for men, women, unisex products and the entire family including kids. With the money raised from the IPO, the company will spend on opening new stores for its brands Metro, Cobbler, Walkway and Crocs as well as other types of capital expenditure of the company. At present, the company has a total of 586 stores in 134 cities of the country. Out of these, 211 stores have been opened in the last three years.


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