Metro Brands Ltd., a popular show company is set to launch its IPO this week on Friday. Subscription for this IPO will start on December 10th and the 3-day issue will be closed on the following Tuesday, December 14. This IPO is backed by Rakesh Jhunjhunwala, one of the ace investors in India.
The price band set per share by Metro Brands Ltd. is ₹485-500. This Initial Public Offering is set to fetch around 1,367.5 crores, at the upper end of the price band. Along with that, it is expected that the stock will be listed on the Bombay Stock Exchange (BSE) and the NSE (National Stock Exchange), the leading stock exchange markets in India on December 22.
Currently, Metro Brands Ltd. has 598 stores in 136 cities across India. Metro Brands ranks 3rd in the highest number of exclusive retail outlets in India in the year 2021.
