Metro Brands IPO GMP History
Metro Brands IPO has been listed on December 22, 2021 at a listing price of ₹437, against the issue price of ₹500 — a loss of ₹63 (-12.6%). The GMP peaked at ₹100 on 9 December 2021 and reached a low of ₹25 on 14 December 2021. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Metro Brands IPO raised ₹1367.51 Cr. through its IPO at a price band of ₹485 to ₹500 per share, with a lot size of 30 shares. The IPO was open for subscription from 10 Dec 2021 to 14 Dec 2021.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 7:27 AM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 20 Dec 2021 | ₹ 30 | ▼ | 6% | — | — |
| 18 Dec 2021 | ₹ 35 | — | 7% | — | — |
| 17 Dec 2021 | ₹ 35 | — | 7% | — | — |
| 16 Dec 2021 | ₹ 35 | ▼ | 7% | — | — |
| 15 Dec 2021 | ₹ 40 | ▲ | 8% | — | — |
| 14 Dec 2021 | ₹ 25 | — | 5% | — | — |
| 13 Dec 2021 | ₹ 25 | ▼ | 5% | — | — |
| 11 Dec 2021 | ₹ 40 | ▼ | 8% | — | — |
| 10 Dec 2021 | ₹ 90 | ▼ | 18% | — | — |
| 09 Dec 2021 | ₹ 100 | — | 20% | — | — |
Metro Brands IPO dates
Key dates from opening to listing. Today is 10 November.
- Open 10 Dec 2021
- Close 14 Dec 2021
- Allotment 17 Dec 2021
- Refund/credit 20 Dec 2021
- Listing 22 Dec 2021
Metro Brands IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹500 |
|---|---|
| GMP-based estimate (pre-listing) | ₹530 (+6%) |
| Listing gain / loss | −₹63 per share |
| Listing date | 22 Dec, 2021 |
| Actual listing price | ₹437 (-12.6%) |
Is Metro Brands IPO GMP reliable?
Grey market premium for Metro Brands IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Metro Brands IPO full review for a fundamentals-based assessment before making any grey market trades.
Metro Brands IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Metro Brands IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Metro Brands IPO
Metro Brands Limited was incorporated as Metro Shoes Private Limited at Mumbai on 19 January 1977, and the business dates back to 1955. It is one of the largest footwear specialty retailers in India, serving men, women and children.
It focuses on the mid and premium segments. Its own brands include Metro, Mochi, Walkway, Da Vinchi and J. Fontini, and it also sells third-party brands such as Crocs, Skechers, Clarks, Florsheim and Fitflop, plus accessories such as belts, bags and wallets.
It runs its stores on a company-owned and company-operated model, and sells footcare and shoe-care products through its joint venture M.V. Shoe Care.
The IPO was Rs 1,367.51 crore, with Rs 295.00 crore of fresh issue and Rs 1,072.51 crore of offer for sale. Rs 225.37 crore was planned for opening new Metro, Mochi, Walkway and Crocs stores.
Frequently asked
What is the GMP of Metro Brands IPO?
The current Grey Market Premium (GMP) of Metro Brands IPO is ₹ 30.
What is the Kostak Price of Metro Brands IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Metro Brands IPO is not available.
What is the Subject to Sauda Price of Metro Brands IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Metro Brands IPO?
Metro Brands IPO listed on December 22, 2021 at ₹437, against the issue price of ₹500 — a loss of -12.6%.
How did the GMP of Metro Brands IPO trend before listing?
The GMP of Metro Brands IPO was falling in its final days before listing. The GMP peaked at ₹100 on 9 December 2021. View the day-wise table above for the complete GMP history.
Explore Metro Brands IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
