Metro Brands IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents
- About Metro Brands
- Important Details – Metro Brands
- Objects of the Issue
- Metro Brands Limited Financials
- Metro Brands IPO Price – Details
- Metro Brands IPO DRHP & RHP
- Metro Brands IPO Lot Size
- Metro Brands IPO Lead Managers
- Metro Brands IPO Registrar
- Metro Brands IPO Allotment Date, Listing Date and other Important Dates
- Company Peers – Comparison of Accounting Ratios
- Company Registered and Corporate Office
- Company Promoters
- Metro Brands IPO – FAQS
About Metro Brands
Metro Brands is one of the largest Indian footwear speciality retailers, and are among the aspirational Indian brands in the footwear category. The company opened the first store under the Metro brand in Mumbai in 1955, and have since evolved into a one-stop shop for all footwear needs, by retailing a wide range of branded products for the entire family including men, women, unisex and kids, and for every occasion including casual and formal events.
As of September 30, 2021, the company operated 598 Stores across 136 cities spread across 30 states and union territories in India. The company target the economy, mid and premium segments in the footwear market, which together are expected to grow at a higher rate compared to the total footwear industry between Fiscal 2020 and 2025.
These segments have a higher presence of organised players and their growth in the overall footwear industry is expected to accelerate growth of the organized segment in the footwear industry. The company had the third highest number of exclusive retail outlets in India.
The retail footwear under the own brands of Metro, Mochi, Walkway, Da Vinchi and J. Fontini, as well as certain third-party brands such as Crocs, Skechers, Clarks, Florsheim, and Fitflop, which complement the in-house brands. Metro believe these brands have a pan-India appeal across regions. Metro also offer accessories such as belts, bags, socks, masks and wallets, at the stores. Metro also retail footcare and shoe-care products at the stores through the joint venture, M.V. Shoe Care Private Limited, making us a ‘one-stop-shop’ for all footwear and related accessories to the customers
Important Details – Metro Brands
| Date | Details |
|---|---|
| January 19, 1977 | Incorporated as “Metro Shoes Private Limited”, a private limited company in Mumbai, Maharashtra. |
| May 18, 1992 | The name of the company was subsequently changed to “Metro Shoes Limited” upon conversion into a deemed public company |
| October 16, 2002 | The company was converted into a private limited company and the name was changed to “Metro Shoes Private Limited” |
| March 21, 2007 | The name of the Company was again changed to “Metro Shoes Limited” |
| August 3, 2018 | The name of the company was further changed to “Metro Brands Limited” |
Objects of the Issue
- Expenditure for opening new stores of the Company, under the “Metro”, “Mochi”, “Walkway” and “Crocs” brands (“New Stores”); and
- General corporate purposes
Metro Brands Limited Financials
Summary of financial Information (Restated Consolidated Statement)
| Particulars | For the year ended (₹ in millions) | ||
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 16,593.40 | 16,174.23 | 13,215.06 |
| Total income | 8,785.38 | 13,110.68 | 12,368.95 |
| Total Expenses | 7,940.33 | 10,926.51 | 10,087.67 |
| Profit After Tax | 646.19 | 1,605.75 | 1,527.31 |
Metro Brands IPO Price – Details
| Description | METROBRAND IPO Details |
|---|---|
| Public Issue | Initial Public Issue of upto [.] equity shares of ₹ 5 (aggregating up to ₹ 1,367.51 Cr) comprising a fresh issue of upto [.] equity shares of ₹ 5 (aggregating upto ₹ 295 Cr) and offer for sale upto 21,450,100 equity shares of ₹ 5 (aggregating up to ₹ ₹1,072.51 Cr) |
| Issue Open Date | 10-Dec-21 |
| Issue Close Date | 14-Dec-21 |
| Issue Type | Book Building |
| IPO Price Band | ₹ 485 – ₹ 500 |
| Face Value | ₹ 5 |
| Market Lot | 30 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 30 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Listing | NSE, BSE |
| NSE Symbol | METROBRAND |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
Metro Brands IPO DRHP & RHP
Metro Brands IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 30 | ₹ 15,000 |
| Maximum | 13 | 390 | ₹ 1,95,000 |
Metro Brands IPO Lead Managers
- Axis Capital Limited
- Ambit Private Limited
- DAM Capital Advisors Limited
- Equirus Capital Private Limited
- ICICI Securities Limited
- Motilal Oswal Investment Advisors Limited
Metro Brands IPO Registrar
Metro Brands IPO Allotment Date, Listing Date and other Important Dates
| Details | Date |
|---|---|
| Bid / Offer Opens on | 10-Dec-21 |
| Bid / Offer Closes on | 14-Dec-21 |
| Finalisation of Basis of Allotment | 17-Dec-21 |
| Initiation of refunds | 20-Dec-21 |
| Credit of the Equity Shares | 21-Dec-21 |
| Listing Date | 22-Dec-21 |
Company Peers – Comparison of Accounting Ratios
| Name of Company | Face Value | EPS (Basic) (₹) | Total Income (₹ in million) | NAV, as on March 31, 2021 (₹ per share) |
| Metro Brands Limited | 5 | 2.43 | 8,785.38 | 31.17 |
| Bata India Limited | 5 | (6.95) | 18,025.65 | 136.79 |
| Relaxo Footwears Limited | 10 | 11.72 | 23,819.20 | 63.29 |
Company Registered and Corporate Office
401, Zillion, 4th Floor,
LBS Marg & CST Road Junction,
Kurla (West), Mumbai- 400 070,
Maharashtra, India
Website: www.metrobrands.com
Company Promoters
- Rafique A. Malik,
- Farah Malik Bhanji
- Alisha Rafique Malik
- Rafique Malik Family Trust
- Aziza Malik Family Trust
Metro Brands IPO – FAQS
What is the Metro Brands IPO Price?
The Metro Brands IPO price band is ₹ 485 – ₹ 500 per share
When Metro Brands IPO will open?
The Metro Brands IPO opens on Dec 10, 2021 and closes on Dec 14, 2021
What is the lot size of Metro Brands IPO?
The Metro Brands IPO lot size is 30 Equity Shares and the minimum order quantity is 30 Equity Shares
Who is the Registrar for Metro Brands IPO?
The Registrar for Metro Brands IPO is Link Intime India Private Limited
How to apply in Metro Brands IPO through UPI?
Check the step by step process here – Click here
How to apply in Metro Brands IPO through Zerodha?
Check the step by step process here – Click here
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