Metro Brands Limited IPO Message Board (Page 4)

Apply for single digit listing gain

As long as there are gains and not losses, it should be fine... Might still end up being better than FD returns....

Very true. Well said. Something is always always better than nothing.

17 ⬆️
Retail form allotment

GMP 10/12

applied 2 retail apps on back of qib, lets see

Hi, Just want to know if NII is 2x, most HNIs who applied should get 6 or 7 lots. Is that right?

Now, it is more than 3 times.
Hence, minimum allotment wolud be between 4 to 5 lots.

Thanks Eklavya
I dont know whether this is correct but i think generally a safe IPO is where NII subscription is at least 14 to 15 times as then NIIs would get not more than one lot and there will be no rush to sell from NII.

Applied for 2 lots in single application, though initially decided to skip.

Subscription figures in QIB, is the cause for change in decision.

Same here and RJ backed companies usually dont do so bad even when QIBs are low..in this case qibs are decent

Since QIB crossed 5 times.

one can apply via upi, and take decision later on to accept the mandate or not.

Yes, that''s what I have done...

shell we approve upi mandate for this now after last hour subscription figure? please advise....

it is far better then star insurance

Once a fraudster remains a fraudster

https://www.indiatoday.in/magazine/indiascope/story/19961231-cobbler-scam-shoe-firms-charged-with-misappropriating-concessionary-funds-834263-1996-12-31

eye-opener must read article

Politician and father - in - law of ayesha takia , Abu Azmi '' s citywalk shoes , daya''s dawood shoes stc. all are involved.

Check the date of article

QIB FLY HIGH ⬆️⬆️⬆️
Hni 🔽🔽🔽

Fundamentally not so strong as compare to BATA.
Also, promoters are greedy and manipulative. Check this post
https://www.indiatoday.in/magazine/indiascope/story/19961231-cobbler-scam-shoe-firms-charged-with-misappropriating-concessionary-funds-834263-1996-12-31

#Admin

Update subscription figures

At 1.50pm

QIB 3.19 times
NII 0.49 times
RII 1.02 times

TOTAL 1.53 times

Metro owner now feeling "Bharat Bhagya Vidhata" vibe for sure!

I personally like to wear Clarks and sketchers..my friends used to wear mochi ..so these are some good brands ..no doubt. However huge ofs and pricing is not attractive.. I am thinking of skipping it..but will monitor subscription....On a side note- I wonder how they are reporting profit..last 2 years who are buying shoes? .. my Clarks are in box for the past two years..;)

Decided to skip it now. All the best to all who are applying.

me too decided to skip. when you have other good IPOs, why to get your money stuck in this one. So skipping it

Clear Avoid, Not much listing gain possible, can buy post listing on discount

If sub rate continue like this, it will be listing at discount.

@ Chittorgarh Site Admin

There is an odd ''Medplus Health Services'' review by ''Ajcon Global Services Ltd'' tucked in between all ''Metro Brands'' reviews by other brokerages. Can you please fix this?

Again great response from retailers.

Monday - CE Closing
Monday - Med + Open
Tuesday - Data Pattern

Lets see how retailers respond for these two days ?
6-7 lakh application expected

HNI - 5 - 10 time

Last day...
Like nearby firm allotment to retailers.

For HNI and QIB, nothing left on counter.

The Crow Verdict: The business of shoes is not an enterprising one unless you are a leader with impeccable brand recall like Bata. Metro neither has that much of a brand recall nor has any unique features to brag about (similar to Khadim and Liberty). I don''t see the business to give sweet rewards even in the long run.

Metro is dependent on third-party manufacturers for its production and sees ~30% of its revenue being generated from other brands such as Crocs. Why should I, a retail investor, buy such a company that depends (a lot) on such third-party brands when I can invest directly in Bata? Especially when the issue comes at a steep P/E of nearly 90 and P/B of 15.8?

With a negligible GMP that has fallen from the high of 70 to 20, a fresh issue of only 22%, and overall negative sentiment here on Chittogarh.com, I don''t recommend this IPO. Avoid even if subscription numbers are good.

Red flags - 7 out of 11. Keep crowing!