{"id":8676,"date":"2021-12-07T14:19:50","date_gmt":"2021-12-07T08:49:50","guid":{"rendered":"https:\/\/flattrade.in\/kosh\/?p=8676"},"modified":"2021-12-17T17:02:43","modified_gmt":"2021-12-17T11:32:43","slug":"metro-brands-limited-ipo","status":"publish","type":"post","link":"https:\/\/flattrade.in\/kosh\/metro-brands-limited-ipo\/","title":{"rendered":"Metro Brands Limited IPO"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"8676\" class=\"elementor elementor-8676\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-46154997 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"46154997\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-389ed50b\" data-id=\"389ed50b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6fbdad9e elementor-widget elementor-widget-text-editor\" data-id=\"6fbdad9e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Metro Brands Limited, a Indian footwear retailer, is planning to raise Rs 1,367.51 crore through an initial public offering. The public subscription for the IPO will open on December 10, 2021 and close on December 14, 2021. The price band has been fixed at Rs 485-500 per equity share.<\/p><p>The IPO comprises of fresh issue of shares worth Rs 295 crore and Offer For Sales aggregating up to Rs 1072.51 crore. The face value for each share is Rs 5.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-574500e3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"574500e3\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7c75cc49\" data-id=\"7c75cc49\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5d19fc6b elementor-widget elementor-widget-heading\" data-id=\"5d19fc6b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>Company Summary<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-728409a7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"728409a7\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6638a2fd\" data-id=\"6638a2fd\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-47379c5 elementor-widget elementor-widget-text-editor\" data-id=\"47379c5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Metro Brands is an Indian footwear retailer focussing on economy category as well as mid and premium segments. The company has a wide range of branded products for the entire family, and for every occasion including casual and formal events. As of September 30, 2021, it operated 598 stores across 136 cities spread across 30 states and union territories in India.<\/p>\n<p>The company sells footwear under their own brands such as Metro, Mochi, Walkway, Da Vinchi and J. Fontini, as well as certain third-party brands such as Crocs, Skechers, Clarks, Florsheim, and Fitflop. The company also sells accessories such as belts, bags, socks, masks and wallets through their retail stores.<\/p>\n<p>The company follows different models to reach out to their customers. They follow a \u201ccompany owned and company operated\u201d (\u201cCOCO\u201d) model of retailing through its own Multi Brand Outlets (\u201cMBOs\u201d) and Exclusive Brand Outlets (\u201cEBOs\u201d), to better manage customer experience at their stores. Its subsidiary Metmill also operate shop-in-shops (\u201cSIS\u201d) in major departmental stores across India. The company also sell their products through various online channels. In fiscal 2021, their in-store product sales, online product sales, and omni-channel product sales represented 91.93%, 6.15%, and 1.09%, of the company\u2019s operating revenue, respectively.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-695e219 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"695e219\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4828dac8\" data-id=\"4828dac8\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-54ccde86 elementor-widget elementor-widget-heading\" data-id=\"54ccde86\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>Company Strengths<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1dabf401 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1dabf401\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7c0f682b\" data-id=\"7c0f682b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4d388d9 elementor-widget elementor-widget-text-editor\" data-id=\"4d388d9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li>One of India&#8217;s largest footwear retailers with country-wide presence.<\/li><li>Wide range of brands and expansive product portfolio.<\/li><li>Asset-light business model and strong operating efficiency.<\/li><li>Presence across multiple formats and channels.<\/li><li>Strong promoter background and an experienced management team.<\/li><li>Consistent track record of growth and profitability.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-588d25ba elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"588d25ba\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-56136740\" data-id=\"56136740\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e246f51 elementor-widget elementor-widget-heading\" data-id=\"e246f51\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>Company Financials<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1a6fd39b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1a6fd39b\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-cfdf42\" data-id=\"cfdf42\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-729d22c5 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"729d22c5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<table style=\"height: 233px;\" width=\"545\">\n<tbody>\n<tr>\n<td rowspan=\"2\"><strong>Particulars<\/strong><\/td>\n<td colspan=\"4\"><strong>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; For the period ended (Rs in million)<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>Apr-Sept FY22<\/strong><\/td>\n<td><strong>FY21<\/strong><\/td>\n<td><strong>FY20<\/strong><\/td>\n<td><strong>FY19<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>Total Assets<\/strong><\/td>\n<td>17,396.06<\/td>\n<td>16,593.40<\/td>\n<td>16,174.23<\/td>\n<td>13,215.06<\/td>\n<\/tr>\n<tr>\n<td><strong>Total Revenue<\/strong><\/td>\n<td>4,892.68<\/td>\n<td>8,785.38<\/td>\n<td>13,110.68<\/td>\n<td>12,368.95<\/td>\n<\/tr>\n<tr>\n<td><strong>Profit After Tax<\/strong><\/td>\n<td>430.74<\/td>\n<td>646.19<\/td>\n<td>1,605.75<\/td>\n<td>1,527.31<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6a60bcd5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6a60bcd5\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3fba9572\" data-id=\"3fba9572\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5c153697 elementor-widget elementor-widget-heading\" data-id=\"5c153697\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Company Promoters<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ccdbc77 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ccdbc77\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d03e6fd\" data-id=\"d03e6fd\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a4aab37 elementor-widget elementor-widget-text-editor\" data-id=\"a4aab37\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Rafique A. Malik, Farah Malik Bhanji, Alisha Rafique Malik, Rafique Malik Family Trust And Aziza Malik Family Trust are the promoters of the company.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-253e9a88 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"253e9a88\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6cfee1f5\" data-id=\"6cfee1f5\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-56748801 elementor-widget elementor-widget-heading\" data-id=\"56748801\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>Purpose of the IPO<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-28ea8f19 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"28ea8f19\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-fc0cb1\" data-id=\"fc0cb1\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7d56f2ab elementor-widget elementor-widget-text-editor\" data-id=\"7d56f2ab\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li>\u00a0The company plans to use the net proceeds from the fresh issue of the IPO totalling to Rs 225.37 towards opening new stores under the \u201cMetro\u201d, \u201cMochi\u201d, \u201cWalkway\u201d and \u201cCrocs\u201d brands.<\/li><li>The company also need the capital from the fresh issue for general corporate purposes.<\/li><li>The net proceeds from the OFS will go to the selling shareholders.\u00a0\u00a0<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-dca3b5c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"dca3b5c\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d1d94f8\" data-id=\"d1d94f8\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ea1557c elementor-widget elementor-widget-heading\" data-id=\"ea1557c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>IPO Details<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2c3a859f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2c3a859f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-30aea80e\" data-id=\"30aea80e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-def09b6 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"def09b6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<table width=\"369\" cellspacing=\"0\" cellpadding=\"2\"><tbody><tr><td width=\"141\"><p><strong>IPO Opening Date<\/strong><\/p><\/td><td width=\"219\"><p>December 10, 2021<\/p><\/td><\/tr><tr><td width=\"141\"><p><strong>IPO Closing Date<\/strong><\/p><\/td><td width=\"219\"><p>December 14, 2021<\/p><\/td><\/tr><tr><td width=\"141\"><p><strong>Issue Type<\/strong><\/p><\/td><td width=\"219\"><p>Book Built Issue IPO<\/p><\/td><\/tr><tr><td width=\"141\"><p><strong>Face Value<\/strong><\/p><\/td><td width=\"219\"><p>Rs 5 per equity share<\/p><\/td><\/tr><tr><td width=\"141\"><p><strong>IPO Price<\/strong><\/p><\/td><td width=\"219\"><p>Rs 485 to Rs 500 per equity share<\/p><\/td><\/tr><tr><td width=\"141\"><p><strong>Market Lot<\/strong><\/p><\/td><td width=\"219\"><p>30 shares<\/p><\/td><\/tr><tr><td width=\"141\"><p><strong>Minimum Order Quantity<\/strong><\/p><\/td><td width=\"219\"><p>30 shares<\/p><\/td><\/tr><tr><td width=\"141\"><p><strong>Listing At<\/strong><\/p><\/td><td width=\"219\"><p>BSE, NSE<\/p><\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-15d7a24 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"15d7a24\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-213d22a\" data-id=\"213d22a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f6b0298 elementor-widget elementor-widget-heading\" data-id=\"f6b0298\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">IPO Lot Size<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ebbb27c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ebbb27c\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6ac6260\" data-id=\"6ac6260\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-75f591e elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"75f591e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<table border=\"0\" cellspacing=\"0\"><colgroup width=\"101\"><\/colgroup> <colgroup width=\"44\"><\/colgroup> <colgroup width=\"63\"><\/colgroup> <colgroup width=\"144\"><\/colgroup><tbody><tr><td align=\"right\" height=\"17\"><strong>Application<\/strong><\/td><td align=\"right\"><strong>Lots<\/strong><\/td><td align=\"right\"><strong>Shares<\/strong><\/td><td align=\"right\"><strong>Amount (Cut-off)<\/strong><\/td><\/tr><tr><td align=\"right\" height=\"17\"><strong>Minimum<\/strong><\/td><td align=\"right\">1<\/td><td align=\"right\">30<\/td><td align=\"right\">Rs 15,000<\/td><\/tr><tr><td align=\"right\" height=\"17\"><strong>Maximum<\/strong><\/td><td align=\"right\">13<\/td><td align=\"right\">390<\/td><td align=\"right\">Rs 1,95,000<\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c2b54de elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c2b54de\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-33a667c\" data-id=\"33a667c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-86507ae elementor-widget elementor-widget-heading\" data-id=\"86507ae\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><h2 style=\"font-family: var( --e-global-typography-primary-font-family ), Sans-serif;font-weight: var( --e-global-typography-primary-font-weight );font-style: normal;white-space: normal\">IPO Allotment Details<\/h2><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-174bed4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"174bed4\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d00d688\" data-id=\"d00d688\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ef3f425 elementor-widget elementor-widget-text-editor\" data-id=\"ef3f425\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"font-family: Roboto, sans-serif; font-size: 16px; font-weight: 400; font-style: normal;\">Metro Brands IPO allotment date is Dec 17, 2021, and the expected return of refund is on Dec 18, 2021.<\/p>\n<p style=\"font-family: Roboto, sans-serif; font-size: 16px; font-weight: 400; font-style: normal;\"><span style=\"font-size: 16px; color: var( --e-global-color-text );\">You can check your allotment in&nbsp;<\/span><a style=\"font-size: 16px; background-color: #ffffff;\" href=\"https:\/\/www.bseindia.com\/investors\/appli_check.aspx\">BSE<\/a><span style=\"font-size: 16px; color: var( --e-global-color-text );\">&nbsp;or&nbsp;<\/span><a style=\"font-size: 16px; background-color: #ffffff;\" href=\"https:\/\/linkintime.co.in\/IPO\/public-issues.html\">Linkintime&nbsp;<\/a><\/p>\n<section data-id=\"407c3bbd\" data-element_type=\"section\">\n<div>\n<div data-id=\"364340c4\" data-element_type=\"column\">\n<div>\n<div data-id=\"2956f7c3\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n<div>\n<div>&nbsp;<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2eef9695 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2eef9695\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-22e2f1f9\" data-id=\"22e2f1f9\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6f533b5c elementor-align-center elementor-widget elementor-widget-button\" data-id=\"6f533b5c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/ekyc.flattrade.in\/openaccount\/?utm_source=Blog&#038;utm_medium=organic&#038;utm_campaign=Demat+Account\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Open a Free Demat Account<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"Metro Brands Limited, a Indian footwear retailer, is planning to raise Rs 1,367.51 crore through an initial public&hellip;","protected":false},"author":5,"featured_media":8695,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"csco_post_video_bg_volume":false,"footnotes":""},"categories":[15],"tags":[46,43,78,26,77,24,23],"class_list":{"0":"post-8676","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ipos","8":"tag-market-news","9":"tag-market-update","10":"tag-nifty","11":"tag-nse","12":"tag-sensex","13":"tag-share-market","14":"tag-stock-market","15":"cs-entry","16":"cs-video-wrap"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - 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