Metro Brands has debuted at Rs 436.00 on the BSE, down by 64 points or 12.8% from its issue price of Rs 500.
The scrip is currently trading at Rs 451.45, down by 48.55 points or 9.71% from its issue price. It has touched a high and low of Rs 455.00 and Rs 426.10 respectively. So far 1.52 lakh shares were traded on the counter.
The offering, which was open for subscription between December 10, 2021 and December 14, 2021, was subscribed 3.64 times. The issue price was fixed at Rs 500 per share i.e. at upper end of price band of Rs 485-500 apiece.
Metro Brands backed by ace investor Rakesh Jhunjhunwala, is an Indian footwear retailer targeting the economy, mid and premium segments in the footwear market.
