Metro Brands IPO share allotment: Here's How To Check It

New Delhi: The Initial Public Offering (IPO) of Metro Brands has announced the share allotment date on Friday.

Those who have subscribed the Rakesh Jhunjhunwala-backed IPO are curious to know the share allotment status.

The Company's IPO was opened on December 10 and closed on December 14 and witnessed a 3.64 times subscription o the final day as it received bids for 6.96 crore equity shares as against the issue size of 1.91 crore shares.

The portion reserved for retail investors was subscribed 1.13 times, while the Qualified Institutional Buyers (QIB) portion was booked 8.49 times. On the other hand, Non-Institutional Investors (NII) was subscribed 3.02 times.

Here's how to check Metro Brand share allotment status on the BSE Website or the IPO registrar's website.

Via BSE website:

Visit the official website of BSE https://www.bseindia.com/investors/appli_check.aspx.

Then go to Status of Issue Application page.

In this, click on Equity option.

Select Metro Brands in the drop down menu.

Enter the application number and then enter the PAN number.

Fill the captcha and submit.

Via registrar's website:

You can also check your status from the website of IPO Registrar Link Intime India Services Pvt Ltd. For this, visit the company's website https://www.linkintime.co.in/MIPO/Ipoallotment.html.

Select the name of the IPO from the drop down menu.

Here you can enter your PAN Number, Application Number or Client ID or Account Number/IFSC Code.

Then click on the search option.

After this your allotment status will be shown.

Metro Brand IPO

The company's IPO was opened with a price band of Rs 485 to 500 per equity share.

At the upper price band, the company was expected to fetch Rs 1,367.5 crore which comprises fresh issue of shares worth Rs 295 crore and an offer-for-sale of Rs 1,072.5 crore by promoter selling shareholders who will offload 2.14 crore equity shares.

Amount raised from the issue will be used towards expenditure for opening new stores of the company under the 'Metro Mochi', 'Walkway' and 'Crocs' brands and general corporate purposes.

The lot size was of 30 shares and the allotment of shares will be finalised by December 17 and the same will be transferred to demat accounts by December 21.

Metro Brand Profile:

It sells footwear under own brands of Metro, Mochi, Walkway, Da Vinchi and J. Fontini, as well as third-party brands such as Crocs, Skechers, Clarks, Florsheim, and Fitflop.

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