Metro Brands IPO has been subscribed 3.64 times: Allotment, listing date review and more

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Metro Brands IPO

Metro Brands IPO, which opened for subscription on December 10th has been subscribed by **3.64 times** at the end of the final day of the issue. The company had looked to raise Rs **1,367.51 crore**. **Metro Brands IPO: Subscription details** The portion reserved for Qualified institutional investors making up **50%** of the issue, got subscribed by **8.49 times**. Non-institutional investors' portion saw an overall subscription of **3.02 times**. Retail portion saw the lowest demand, with the portion reserved for them (35%) getting an overall subscription of **1.13 times**. The details of subscription numbers across categories is listed below. |**Category**|**Subscription (times)**| | - | - | |QIB|8.49| |NII|3.02| |Retail|1.13| |Total|3.64| INDmoney had given a neutral rating on the issue “Given the company’s strong product profile, asset light business model, healthy margins, strong sentiment due to marquee investors but aggressive valuations, investors with a higher risk appetite and a long-term view could consider investing in this issue,” we had said in our [**December 8th report.**]( **Metro Brands** **IPO allotment date** The finalization of Basis of Allotment for Metro Brands IPO will be done on Dec 17, 2021, and the allotted shares will be credited to your demat account by Dec 21, 2021. **Metro Brands** **IPO listing date** The Metro Brands IPO listing date is yet to be announced. The tentative date of Metro Brands IPO listing is Dec 22, 2021.