Chittorgarh.com Logo
Loading...

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 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 Date Dec 10, 2021 to Dec 14, 2021
Listing Date Wednesday, December 22, 2021
Face Value ₹5 per share
Price ₹485 to ₹500 per share
Lot Size 30 Shares
Issue Size[.] shares of ₹5
(aggregating up to ₹1,367.51 Cr)
Fresh Issue[.] shares of ₹5
(aggregating up to ₹295.00 Cr)
Offer for Sale21,450,100 shares of ₹5
(aggregating up to ₹1,072.51 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
QIB Shares OfferedNot more than 50% of the offer
NII (HNI) Shares OfferedNot less than 15% of the offer
Retail Shares OfferedNot less than 35% of the offer
Company Promoters

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

Metro Brands IPO Tentative Timetable

Metro Brands IPO opens on Dec 10, 2021, and closes on Dec 14, 2021. The Metro Brands IPO bid date is from Dec 10, 2021 10.00 A.M. to Dec 14, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Dec 10, 2021
Closing Date Dec 14, 2021
Basis of Allotment Dec 17, 2021
Initiation of Refunds Dec 20, 2021
Credit of Shares to Demat Dec 21, 2021
Listing Date Dec 22, 2021

Metro Brands IPO Lot Size

The Metro Brands IPO 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
Retail (Min) 1 30 ₹15,000
Retail (Max) 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)
QIB8.49
NII3.02
Retail1.13
Total3.64

Metro Brands IPO Prospectus

Metro Brands IPO Rating

555
3.5
Rating:Rated 3.5 stars
Vote Here ...

Metro Brands IPO Listing Date

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

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹500.00
₹436.00
₹426.10
₹507.70
₹493.55
NSE
₹500.00
₹437.00
₹426.00
₹507.90
₹493.35

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
Email: investor.relations@metrobrands.com
Website: https://metrobrands.com/

Metro Brands IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: metrobrands.ipo@linkintime.co.in
Website: https://linkintime.co.in/

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 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 .

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.
Open an Instant Account with Zerodha

Metro Brands IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members

Loading...

287 Comments

157. RavinderG |   Link |Jan 17, 2022 2:07:18 PM
Upper circuit post Q3 results
156. RavinderG |   Link |Jan 13, 2022 11:15:24 PM
Campus and a few other footwear brands expected to come soon. Interesting to see how listed space in this niche category gets crowded in the next 12-18 months
155. Nishiket |   Link |Dec 24, 2021 1:44:08 PM
At what level is it advisable to enter Metro Brands?
155.1. arunARUN |   Link |Jan 1, 2022 11:23:05 AM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
I bought 100 at 450
155.2. RavinderG |   Link |Jan 13, 2022 11:08:52 PM
Will wait for anchor lock-in to end and pick some if there''s a correction
154. ROCKYBHAI |   Link |Dec 22, 2021 3:33:21 PM
Hats Off to RJ Big Bull , Wo apne shares ko girne nhi deta .... utha ke wapis upar le aata hai.

Map my india ka bura haal hua Listing day ko....Lower circuit lagne ko tha
154.1. ipobull |   Link |Dec 25, 2021 9:58:40 PM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
But RJ is loosing his credence since both his related IPOs Star Insurance and Metro Brands failed in getting any considerable listing pop and are languishing below their IPO issue prices very much on expected lines. I never had any expectations from these stocks. But promoters have got their money and are enjoying Christmas
154.2. RavinderG |   Link |Jan 13, 2022 11:09:35 PM
Yes agree - private market investments havent had the same initial success recently. Public markets he still has the hang.
153. bAAz |   Link |Dec 23, 2021 11:37:15 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Day to day moving is like nuvoco
153.1. RavinderG |   Link |Jan 13, 2022 11:10:20 PM
Agree. I did pick Nuvoco - theme being the promoter track record and an expected upcycle in infra and allied sectors over the next 2-3 years
152. sagar dasa |   Link |Dec 22, 2021 10:38:51 AM
HOLD the shares, don’t sell
The price will go to Rs:600 /- with in a week.
152.2. sagar dasa |   Link |Dec 22, 2021 1:19:30 PM
All the Best!!
I will buy the shares, you can short the shares, Let’s see who will make money..
152.3. krupa |   Link |Dec 22, 2021 3:00:10 PM
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
@ sagar dasa
Any view about shriram property?
151. Rafiq |   Link |Dec 22, 2021 10:01:58 AM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Listing at 443.55 Discount at 11.29%.Grab it
151.1. Dhruv modi |   Link |Dec 22, 2021 10:13:15 AM
Today 500 will touch.. buy 500 shares..RJ backed IPO touch issue price Maximum...
151.2. Rafiq |   Link |Dec 22, 2021 2:12:15 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
I told , I have this one lot... enjoy 496 now
150. A SHARMA |   Link |Dec 22, 2021 1:45:48 PM
Super Duper recovery. Holding 7 out of 9 applications. 2 sold at 455. No regrets. Hahaha.
149. jajo |   Link |Dec 22, 2021 11:14:12 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Apart from RJ investments, STAR HEALTH & METRO are most visible brands in their respective business domains. Only concerns was the apparently higher IPO prices at the current shaky market sentiments. Let the market decide the actual worth of both these shares.
148. Elon Rusk |   Link |Dec 22, 2021 10:32:41 AM
Top Contributor Top Contributor (200+ Posts)
Same like Star health. RJ is the manipulator. It listed on discount, it will move up till it crosses IPO price and then fall. check star health price. Another trap for retailers. if New investors are buying now sell it at IPO price
147. krupa |   Link |Dec 22, 2021 10:31:33 AM
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
Listing is good than expectation
146. IPOANALYSIS |   Link |Dec 21, 2021 4:05:29 PM
Those alloted just stick to this company. It is very likely to behave like barbequenation and macrotech developer. Listing may not be great but in few months it can give very good rewards.
146.1. Rafiq |   Link |Dec 21, 2021 4:32:10 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Yes Sir. My friend used to work here for Mumbai branch as a software Engineer and I believe this brand can be next BATA. I applied and got one lot. All the best those who applied
146.2. VIjay Kumar Gopu |   Link |Dec 22, 2021 9:57:52 AM
No offence to ones who have applied for this IPO. We could have bought on first two days as it is expected to go below issue price after listing.

I have got allotment for GLS, Tarsons Products which are trading below issue price now.

Just thinking of how to get the stocks at reasonable price. Most of the stocks are trading below the issue price after listing, except few. We can skip applying for those IPOs and buy after listing, at cheaper price.

Looking forward to hear from experts.
145. StockTerminator |   Link |Dec 22, 2021 9:49:03 AM
IPO Mentor IPO Mentor (500+ Posts, 600+ Likes)
Good opportunity to buy this stock below 500
144. PSR |   Link |Dec 22, 2021 9:46:54 AM
IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
Not so bad.
12..6% discount.
But only thing is whether it will hold, or go further deeper.
143. HARI IPO |   Link |Dec 22, 2021 6:41:25 AM
IF RJ can sell STAR health discounted and even sailed through shares @Rs. 940 then why not Metro brands profit making company @ Rs. 500. So do not put sell order at lowest rate.
143.1. PSR |   Link |Dec 22, 2021 9:31:13 AM
IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
Business models are different. Footwear business is overcrowded and not viewed to be potential for huge growth. However, RELAXO continuous to grow.

On the other hand, STAR is big player in their line of business, and market of the view that it has huge potential to become multi bagger over a period of time.
142. Cautious ProPrio |   Link |Dec 21, 2021 4:27:32 PM
IPO Guru IPO Guru (1600+ Posts, 1000+ Likes)
Ab tera kya hoga re kaaliya
142.1. PSR |   Link |Dec 22, 2021 9:25:52 AM
IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
Kaaliya is likely to list between 420 to 430, thereby taking away the net worth @ around Rs. 80 per share, to those who have been allotted with, including me.
141. No limit |   Link |Dec 21, 2021 4:05:05 PM
इनीशियल पब्लिक ऑफरिंग यानी आईपीओ में निवेश करते हैं तो ये खबर आपके लिए है। दरअसल, रिजर्व बैंक ऑफ इंडिया ने बुधवार को आईपीओ में निवेश के लिए यूनिफाइड पेमेंट इंटरफेस (यूपीआई) लेनदेन की सीमा को बढ़ाकर 5 लाख रुपये कर दिया है। वर्तमान में ये लिमिट 2 लाख रुपये की है। मतलब ये कि अभी आप अधिकतम 2 लाख रुपए तक ही यूपीआई के जरिए आईपीओ में दांव लगा सकते हैं। इसके अलावा आरबीआई रिटेल डायरेक्ट स्कीम के जरिेए सरकारी बॉन्ड्स को खरीदने की यूपीआई लिमिट भी बढ़ा दी गई है।

आईपीओ में UPI की भूमिका: आपको बता दें कि किसी भी आईपीओ में एक लॉट की कीमत 15 हजार रुपए के आसपास रहती है। कोई भी रिटेल निवेशक एक लॉट से ज्यादा आईपीओ पर दांव लगा सकता है। हर कंपनियां रिटेल निवेशकों के लिए अपने आईपीओ का लॉट निर्धारित करती हैं। आईपीओ को बुक करने के बाद यूपीआई के जरिए भी होल्ड होते हैं।
140. IPO BHAKT |   Link |Dec 21, 2021 1:51:32 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
positive
- no funded HNI
- RJ backed star (undersubscribed) gave exit opportunity
- profit-making visible brand
- good FII in anchor book
- most of the grey market operators from Gujarat are not active (Religious aspect)
- Negative listing or say no expectation
only 10% chance of positive surprise but anything can happen

139. Earthking |   Link |Dec 21, 2021 12:06:33 PM
IPO Mentor IPO Mentor (500+ Posts, 200+ Likes)
I expected it to be a dark horse ...( but seeing Mapmyindia premium crashes and after listing today at reasonable premium , then heavy HNI selling dragging it down ... )not sure now how Metro is gonna behave tomorrow ... Alloted heavily in 7 accounts ... Anyway market is supreme ... expect the unexpected ...
138. bAAz |   Link |Dec 20, 2021 11:45:12 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
GMP -55
138.1. PSR |   Link |Dec 21, 2021 11:45:49 AM
IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
Discount likely to extend to Rs. 100, by the time of listing.