One of the footwear market leader Metro Brands raised ₹410 crores from anchor investors on December 09, 2021 Thursday before the IPO. The Metro Brands IPO is to open on December 10, Friday. The company allotted a total of 82,05,030 equity shares to 28 Anchor investors at an upper price band of ₹500. The anchor investors list includes 8 Mutual Funds through a total of 11 schemes. The company is going to raise ₹1367 crores. Check out the final list of Metro Brands Anchor Investors given below:
The IPO Committee of the Company held on December 9, 2021 and the Promoter Selling Shareholders, in consultation with Axis Capital Limited, Ambit Private Limited, DAM Capital Advisors Limited, Equirus Capital Private Limited, ICICI Securities Limited and Motilal Oswal Investment Advisors Limited, the Book Running Lead Managers to the Offer, has finalized allocation of 82,05,030 Equity Shares, to Anchor Investors at Anchor Investor Allocation Price of Rs. 500/- per Equity Share (including share premium of Rs. 495/- per Equity Share). The details are given below:
The Metro Brands IPO to open on 10 December and closes on 14 December 2021. The price band is fixed at ₹485 to ₹500. Metro Brands IPO application minimum bid is for 30 Shares (₹15,000) and maximum bid is 390 shares (₹195,000). The Book Running Lead Managers of the IPO are Ambit Private Limited, Axis Capital Limited, DAM Capital Advisors Ltd (Formerly IDFC Securities Ltd), Equirus Capital Private Limited, ICICI Securities Limited and Motilal Oswal Investment Advisors Pvt Ltd.