Shares of Metro Brands disappointed investors, listed at Rs 436 with a discount of 12.8 percent

Metro Brands IPO was subscribed 3.64 times on the last day. The issue opened on 10 December and closed on 14 December. The company had raised Rs 410 crore from anchor investors.

Metro Brands IPO was subscribed 3.64 times on the last day.

Footwear retailer Metro Brands Limited’s stock had a sluggish start in the stock market today. The stock of veteran investor Rakesh Jhunjhunwala-backed footwear retail company was listed at Rs 436 with a discount of 12.8 per cent on the BSE. On the other hand, the stock was listed on NSE at Rs 437 with a discount of 12.6 percent. Its issue price was Rs 500 per share. Metro Brands IPO was subscribed 3.64 times on the last day. The issue opened on 10 December and closed on 14 December. The company had raised Rs 410 crore from anchor investors.

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