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Metro Brands Limited IPO (Metro Brands IPO) Detail

Dec 10, 2021 - Dec 14, 2021

Established in 1955, Metro Brands Limited is one of the largest Indian footwear specialty retailers, in India. The company caters to the footwear needs of customers through a wide range of branded products for the entire family including men, women, unisex and kids, and different occasions. The company targets the mid and premium segments in the footwear market which have a higher presence of organized players and growth in the overall footwear industry. Some of the company's well-known brands include Metro, Mochi, Walkway, Da Vinchi, and J. Fontini, as well as certain third-party brands such as Crocs, Skechers, Clarks, Florsheim, and Fitflop. Metro Brands also offer accessories such as belts, bags, socks, masks, and wallets, at their stores. The company also retails footcare and shoe-care products at their stores through the joint venture, M.V. Shoe Care Private Limited. The company follows the "company-owned and company operated" (COCO) model of retailing through their own Multi Brand Outlets (MBOs) and Exclusive Brand Outlets (EBOs), to manage their stores.

As of September 30, 2021, the company operated 598 Stores across 136 cities spread across 30 states and union territories in India. The company has been supported by Mr. Rakesh Jhunjhunwala as an investor since 2007.

Competitive Strengths:

  • One of India's largest footwear retailers
  • Wide range of brands and products
  • Efficient operating model and asset-light business
  • Presence across multiple formats and channels
  • First choice for other national and international third-party brands
  • Strong promoter background and an experienced management team
  • Strong track record of growth and profitability

Company Promoters:

Rafique A. Malik, Farah Malik Bhanji, Alisha Rafique Malik, Rafique Malik Family Trust And Aziza Malik Family Trust are the company promoters.

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Millions)
30-Sep-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 17,396.06 16,593.40 16,174.23 13,215.06
Total Revenue 4,892.68 8,785.38 13,110.68 12,368.95
Profit After Tax 430.74 646.19 1,605.75 1,527.31

Objects of the Issue:

  • Expenditure for opening new stores of the company, under the “Metro”, “Mochi”, “Walkway” and “Crocs” brands; and
  • General corporate purposes

Metro Brands IPO Details

IPO Opening Date Dec 10, 2021
IPO Closing Date Dec 14, 2021
Issue Type Book Built Issue IPO
Face Value ₹5 per equity share
IPO Price ₹485 to ₹500 per equity share
Market Lot 30 Shares
Min Order Quantity 30 Shares
Listing At BSE, NSE
Issue Size[.] Eq Shares of ₹5
(aggregating up to ₹1,367.51 Cr)
Fresh Issue[.] Eq Shares of ₹5
(aggregating up to ₹295.00 Cr)
Offer for Sale21,450,100 Eq Shares of ₹5
(aggregating up to ₹1,072.51 Cr)
QIB Shares OfferedNot more than 50% of the offer
Retail Shares OfferedNot less than 35% of the offer
NII (HNI) Shares OfferedNot less than 15% of the offer

Metro Brands IPO Tentative Timetable

The Metro Brands IPO open date is Dec 10, 2021, and the close date is Dec 14, 2021. The issue may list on Dec 22, 2021.

IPO Open Date Dec 10, 2021
IPO Close Date Dec 14, 2021
Basis of Allotment Date Dec 17, 2021
Initiation of Refunds Dec 20, 2021
Credit of Shares to Demat Account Dec 21, 2021
IPO Listing Date Dec 22, 2021

Metro Brands IPO Lot Size

The Metro Brands IPO market lot size is 30 shares. A retail-individual investor can apply for up to 13 lots (390 shares or ₹195,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 30 ₹15,000
Maximum 13 390 ₹195,000

Metro Brands IPO Promoter Holding

Pre Issue Share Holding 84.02%
Post Issue Share Holding 74.27%

Metro Brands IPO Review

The company is operating on an asset-light model with the marketing of third-party products. Amidst all odd, it continued to post positive earnings and has set an example. However, the IPO pricing is aggressive based on its financial parameters. Hence cash surplus investors consider it with a long-term perspective. Read detail review...

Metro Brands IPO Subscription Status (Bidding Detail)

The Metro Brands IPO is subscribed 3.64 times on Dec 14, 2021 5:00:00 PM. The public issue subscribed 1.13 times in the retail category, 8.49 times in the QIB category, and 3.02 times in the NII category. Check Day by Day Subscription Details (Live Status)

Application Wise IPO Subscription (Retail): 0.94 times

CategorySubscription (times)

Metro Brands IPO Prospectus

Metro Brands IPO Rating

Rating:Rated 3.5 stars
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Metro Brands IPO Listing Date

Listing Date Wednesday, December 22, 2021
BSE Script Code 543426
Listing In B Group of Securities
ISIN INE317I01021
IPO Price ₹500 per equity share
Face Value ₹5 per equity share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

Metro Brands Limited
401, Zillion, 4th Floor,
LBS Marg & CST Road Junction, Kurla (West),
Mumbai- 400 070, Maharashtra, India
Phone: + (91) 22 2654 7700

Metro Brands IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Metro Brands IPO FAQs

Metro Brands IPO is a main-board IPO of [.] equity shares of the face value of ₹5 aggregating up to ₹1,367.51 Crores. The issue is priced at ₹485 to ₹500 per equity share. The minimum order quantity is 30 Shares.

The IPO opens on Dec 10, 2021, and closes on Dec 14, 2021.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Metro Brands IPO using UPI as a payment gateway. Zerodha customers can apply in Metro Brands IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Metro Brands IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Metro Brands IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Metro Brands IPO opens on Dec 10, 2021 and closes on Dec 14, 2021.

Metro Brands IPO lot size is 30 Shares and the minimum order quantity is 30 Shares.

You can apply in Metro Brands IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Metro Brands IPO will be done on Dec 17, 2021, and the allotted shares will be credited to your demat account by Dec 21, 2021. Check the Metro Brands IPO allotment status.

The Metro Brands IPO listing date is on Wednesday, December 22, 2021.

Metro Brands IPO Message Board

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