Pro financial backer Rakesh Jhunjhunwala-supported footwear retailer Metro Brands Ltd will carry out its first sale of stock (IPO) this week on Friday, December 10 for membership and the three-day issue will close on December 14. The value band has been fixed at ₹485-500 for every offer. The offering for anchor financial backers will open on December 9.
Metro Brands shares are instructing a superior (GMP) of ₹70 in the dim market today. The organization’s portions are relied upon to list on trades on December 22, 2021. The underlying offer deal includes new issuance of value shares worth ₹295 crore and a proposal available to be purchased of 2.14 crore value shares by advertisers and different investors. At the upper finish of the value band, the public issue is relied upon to bring ₹1,367.5 crore. 중국야동
A big part of the issue size has been held for qualified institutional purchasers (QIBs), 15% for non-institutional financial backers and 35% for retail financial backers. Financial backers can offer for at least 30 value shares and in products thereof.Metro Brands will utilize continues of the new issue towards use for opening new stores under the Metro, Mochi, Walkway and Crocs brands and for general corporate purposes.
As of now, the organization has 598 stores in 136 urban communities spread across India. Of these, 211 stores were opened over the most recent three years. Metro Brands had the third largest number of selective retail outlets in India, in financial 2021. It retails footwear own-brands like Metro, Mochi, Walkway, Da Vinchi and J Fontini, just as specific outsider brands like Crocs, Skechers, Clarks, Florsheim and Fitflop. It likewise offers adornments, like belts, packs, socks, covers and wallets at its stores.