{"id":8375,"date":"2021-12-14T20:24:36","date_gmt":"2021-12-14T14:54:36","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-ipo-metrobrand\/"},"modified":"2021-12-14T20:25:07","modified_gmt":"2021-12-14T14:55:07","slug":"biz-ipo-metrobrand","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-ipo-metrobrand\/","title":{"rendered":"Metro Brands IPO subscribed 3.64 times on last day of subscription"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-390089553\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p> New Delhi, Dec 14 (PTI) The initial public offer of footwear retailer Metro Brands Limited was subscribed 3.64 times on the last day of subscription on Tuesday.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-552163849\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> 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.<\/p>\n<p> 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.<\/p>\n<p> The company, which is backed by ace investor Rakesh Jhunjhunwala, on Thursday raised over Rs 410 crore from anchor investors.<\/p><div class=\"trade-content_5\" id=\"trade-3515580391\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> 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.<\/p>\n<p> The price range for the offer was Rs 485-500 per share.<\/p>\n<p> The proceeds from the fresh issue will be utilised towards expenditure for opening new stores of the company, under the &#8216;Metro&#8217;, &#8216;Mochi&#8217;, &#8216;Walkway&#8217; and &#8216;Crocs&#8217; brands and for general corporate purposes.<\/p>\n<p> Currently, the company has 598 stores in 136 cities spread across the country.<\/p>\n<p> 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. PTI  SUM  SUM SHW SHW<\/p>\n<div class=\"trade-after-content\" id=\"trade-4082337641\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Dec 14 (PTI) The initial public offer of footwear retailer Metro Brands Limited was subscribed 3.64 times on the last day of subscription on Tuesday. 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 [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1516,31],"tags":[],"class_list":["post-8375","post","type-post","status-publish","format-standard","hentry","category-ipo","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Metro Brands IPO subscribed 3.64 times on last day of subscription - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-ipo-metrobrand\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Metro Brands IPO subscribed 3.64 times on last day of subscription\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Dec 14 (PTI) The initial public offer of footwear retailer Metro Brands Limited was subscribed 3.64 times on the last day of subscription on Tuesday. 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. 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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. 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