METRO BRANDS IPO GMP TODAY (LIVE DATA) Latest Grey Market Premium Updates

Metro Brands IPO GMP Today, Metro Brands IPO Grey Market Premium Updates | Metro Brands IPO Listing Gain, Latest target, Opening gain

Metro Brands IPO date fixed, the initial public offer (IPO) to hit the market on December 10, 2021. Metro Brands IPO to raise ₹1368 crores via IPO. The retail quota is 35% with QIB 50% and HNI 15%.

Metro Brands is one of the largest Indian footwear specialty retailers, in India. The company caters to the footwear needs of customers through a wide range of branded products for the entire family including men, women, unisex and kids, and different occasions. The company targets the mid and premium segments in the footwear market which have a higher presence of organized players and growth in the overall footwear industry.

Some of the company’s well-known brands include Metro, Mochi, Walkway, Da Vinchi, and J. Fontini, as well as certain third-party brands such as Crocs, Skechers, Clarks, Florsheim, and Fitflop. Metro Brands also offer accessories such as belts, bags, socks, masks, and wallets, at their stores. As of September 30, 2021, the company operated 598 Stores across 136 cities spread across 30 states and union territories in India. The company has been supported by Mr. Rakesh Jhunjhunwala as an investor since 2007.

Check out Metro Brands IPO grey market premium, Kostak rates, and subject to sauda rates as of today.

Metro Brands IPO Details:

Issuer Metro Brands Limited
Issue Type Book Built Issue IPO
Issue Period Issue Opens: Dec 10, 2021
Issue Closes: Dec 14, 2021
Price Brand ₹485 to ₹500 Per Share
Issue Size ₹1368 Crores
Face Value Rs.5 per Equity Share
Market Lot 30 Shares
Maximum Bid amount for Retail Rs.195000
QIB 50% of the issue size
NIB 15% of the issue size
Retail Individual Bidders 35% of the issue size
Fresh Issue ₹295 Cr
Offer for Sale ₹1072 Cr
Listing at NSE & BSE
Apply With Upstox Free DEMAT Account
Equity 21,450,100 Shares
Grey Market Price Metro Brands IPO GMP Today

Metro Brands IPO GMP Rates day by day

Metro Brands IPO Grey market premium as of today

Date GMP (in INR) Kostak (in INR) Subject to Sauda
HNI COST ₹2.45
22 DEC 2021 Discount
21 DEC 2021 Discount
20 DEC 2021 ₹35
19 DEC 2021 Discount
18 DEC 2021 ₹35
17 DEC 2021 ₹35
16 DEC 2021 ₹30
15 DEC 2021 ₹35
14 DEC 2021 ₹35
13 DEC 2021 ₹23
12 DEC 2021 ₹40
11 DEC 2021 ₹23
10 DEC 2021 ₹80
09 DEC 2021 ₹70
08 DEC 2021 ₹70

Metro Brands IPO Market Lot:

 Lot Size:  Minimum 30 Shares & Maximum 390 Shares
 Minimum Amount:  ₹15000
 Maximum Amount: ₹195,000

Metro Brands IPO Allotment & Listing:

 Basis of Allotment: Dec 17, 2021
 Refunds: Dec 20, 2021
 Credit to Demat Account: Dec 21, 2021
 Listing Date: Dec 22, 2021

How to Apply for Metro Brands IPO?

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How to Apply the Metro Brands IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Metro Brands”. Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Metro Brands IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Metro Brands”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – mandate. Open Demat Account with Upstox.

In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.

PARENT COMPANY FOR SHAREHOLDER QUOTA

IPO ALLOTMENT TIPS & TRICKS

Check:- Metro Brands IPO Allotment Status

Disclaimer:

– IPO Grey Market Premium (IPO GMP) mention is valid for the specific date as mentioned in the header.
– We are not buying and selling IPO forms on IPO Grey Market.
– Kostak Rate is the premium one gets by selling his/her IPO application (in an off-market transaction) to someone else even before allotment or listing of the issue.
– Do not subscribe for IPO by just seeing premium Price as it may change anytime before listing. Subscribe only considering Fundamental of the companies.
– This is only coverage of News related to Grey Market . We don’t deal in Grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

IPO GMP rates are provided as sourced from market intelligence. Please note these IPO GMP rates may be different depending on geographies and markets.

We don’t trade into grey market nor do we facilitate buying or selling of IPO forms.

What is Grey Market?

Grey Market is the term used to describe an unregulated over-the-counter market for trading IPO applications and IPO shares before the stock is listed at a stock market. This is a way for dealers to support their customers who may want to exit before listing.

This is also a way to boost the listing price and support the issue before listing happens. There are two kinds of transactions that happen in thee IPO grey market:

  • Trade of IPO shares at a grey market premium
  • Trade of IPO application at a kostak.

What is Grey Market Premium?

GMP or Grey Market Premium is the premium at which equity shares from the IPO are being traded in the grey market.

This could either be a positive or negative – meaning the trading price in the grey market is either higher or lower than issue price respectively, based on demand and supply for the shares.

Typically, investors who do not want to take the risk of allocation not happening through IPO will buy shares in the gray market and hope to flip the shares on listing to make a good profit.

What is Kostak?

Kostak is the premium at which IPO application is being traded in the grey market. Applications are typically traded after the application window is closed but the allotment has not yet been finished.

It is rare for someone to trade IPO application post-allocation. This is a way for investors to increase their chance of shares being allotted as the allocation process treats each retail application equally. An example (indicative) for kostak is:

Example:

IGL Limited
Issue Price: Rs 306 Per Equity Share (Maximum Bid price)
Lot Size: 45
Grey Market Premium: Rs 220 to Rs 230
Kostak (Rs 13770): Rs 680 to Rs 720

This means IGL IPO applications of Rs 13500 are being traded in IPO Grey Market at Rs 695 to Rs 720.

Despite the fact that this IPO’s Grey Market Premium is roughly 75% of the issue price, the ‘Kostak’ is just 5% of the application value.

As can be seen the Kostak is at a much lower %age than GMP. This indicates that the grey market expects the issue to be oversubscribed and expects on an average only one lot to be allocated per application.

Kostak rate is the amount an investor gets by selling his/her IPO application in grey market. This is the amount an investor stands to gain, irrespective of allotment status.

Subject to Sauda simply reflects the amount which an investor stands to get by selling his/her application for firm allotment. The key operative word here is firm allotment. In case of no allotment to the applicant, the sauda stands cancelled.

In case of ‘Subject to Sauda’ deal, while selling IPO application in the grey market, buyer and seller agree that deal is only valid if the seller will get the allotment. If the seller doesn’t get any shares in IPO process, the deal gets avoid.

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