HomeIPOMetro Brands IPO Details

Metro Brands IPO Details

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Metro Brands IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents

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.

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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

DateDetails
January 19, 1977Incorporated as “Metro Shoes Private Limited”, a private limited company in Mumbai, Maharashtra.
May 18, 1992The name of the company was subsequently changed to “Metro Shoes Limited” upon conversion into a deemed public company
October 16, 2002The company was converted into a private limited company and the name was changed to “Metro Shoes Private Limited”
March 21, 2007The name of the Company was again changed to “Metro Shoes Limited”
August 3, 2018The 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

DescriptionMETROBRAND IPO Details
Public IssueInitial 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  Date10-Dec-21
Issue Close Date14-Dec-21
Issue TypeBook 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 InvestorRs. 2,00,000
Listing NSE, BSE
NSE SymbolMETROBRAND
IPO Market Timings 10.00 a.m. to 5.00 p.m.

Metro Brands IPO DRHP & RHP

Metro Brands IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum130₹ 15,000
Maximum13390₹ 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

DetailsDate
Bid / Offer Opens on10-Dec-21
Bid / Offer Closes on14-Dec-21
Finalisation of Basis of Allotment17-Dec-21
Initiation of refunds 20-Dec-21
Credit of the Equity Shares21-Dec-21
Listing Date22-Dec-21

Company Peers – Comparison of Accounting Ratios

Name of CompanyFace Value EPS (Basic)
(₹)
Total Income
(₹ in
million)
NAV, as on March 31, 2021
(₹ per share)
Metro Brands Limited52.438,785.3831.17
Bata India Limited5(6.95)18,025.65136.79
Relaxo Footwears Limited1011.7223,819.2063.29

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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