The company has reserved half of the
IPO for qualified institutional buyers, 15 per cent for non-institutional investors and 35 per cent for retail investors. Rakesh Jhunjhunwala's wife Rekha Jhunjhunwala is the third largest shareholder in Metro Brands. He holds 14.73 per cent stake in the company.
Axis Capital, Ambit, DAM Capital Advisors, ICICI Securities and Motilal Oswal Investment Advisors have been appointed as managers for the
Metro Brands IPO. While Link Intime India is the registrar of the IPO. The company will use the money raised through this IPO to open new stores under the Metro, Cobbler, Walkway and Crocs brands.
Footwear Retailer Metro Brands Ltd. Its initial public offering (IPO) got 27 per cent subscription on Friday, the first day of the offering. The company, which is owned by well-known investor Rakesh Jhunjhunwala, had raised Rs 410 crore a day ago from anchor investors.
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