Metro Brands IPO 2021 India : Metro Brands is all set to open it’s IPO subscription in this week from December 10, 2021.
Metro Brands Limited, Incorporated in January 1977, headquartered in Mumbai, is one of the largest Indian footwear specialty retailers and is among the top aspirational Indian brands in the footwear category is aiming to raise Rs. 1,367.51 Crore from Metro Brands Initial public offering.
Metro Brands IPO comprises worth Rs. 295 Crore fresh issue and the offer for sale for 21,450,100 Equity Shares which worths around Rs. 1,072.51 Crore.
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Metro Brands IPO 2021 All Details
| Metro Brands IPO Opening Date | December 10, 2021 |
| Metro Brands IPO Closing Date | December 14, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 5 per equity share |
| IPO Price | Rs. 485 to 500 per equity share |
| Market Lot | 30 Shares |
| Min Order Quantity | 30 Shares |
| Listing At | BSE, NSE |
| Issue Size | Worth Rs. 1,367.51 Crore |
| Fresh Issue | Worth Rs. 295.00 Crore) |
| Offer for Sale | 21,450,100 Equity Shares (Worth Rs. 1,072.51 Crore) |
Metro Brands IPO 2021 Dates
| Metro Brands IPO Opening Date | Dec 10, 2021 |
| Metro Brands IPO Closing Date | Dec 14, 2021 |
| Allotment Date | Dec 17, 2021 |
| Initiation of Refunds | Dec 20, 2021 |
| Credit of Shares to Demat Account | Dec 21, 2021 |
| Metro Brands IPO Listing Date | Dec 22, 2021 |
Metro Brands IPO 2021 Fresh Issue vs OFS
The Metro Brands comprises fresh issue as well as offer for sale which is in total aggregating upto Rs. 1,367.51 Crore.
- Fresh Issuance – Worth Rs. 295 Crore
- Offer for sale (Promotor’s) – 21,450,100 Equity Shares (Worth Rs 1072.51 Crore)
Metro Brands IPO 2021 Lot Size
| Min/Max | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 30 | ₹15,000 |
| Maximum | 13 | 390 | ₹195,000 |
Also see :
> Top 7 Ways To Increase Chance Of Getting IPO Allotment
Metro Brands IPO 2021 Allotment
The IPO allotment of Metro Brands is scheduled in the upcoming week on December 17, 2021 and the allotted shares will be credit into demat accounts on/by December 21, 2021.
Metro Brands IPO 2021 GMP Today
The grey market premium of Metro Brands IPO 2021 is around 75-80 on December 10, 2021. Metro Brands IPO GMP in percentage is around 15-16%.
Metro Brands IPO 2021 Issue Objectives
The Metro Brands, aims to utilize the net proceed towards the following listed purposes.
- Expenditure for opening new stores of our Company under the Metro, Mochi, Walkway and Crocs brands.
- From the Net Proceeds of the Fresh Issue, company propose to establish 219 New Stores.
- The establishment of the New Stores is proposed to be undertaken entirely from the Net Proceeds of the Fresh Issue.
Metro Brands Company Financials
Below table includes the financials of Metro Brands for the past three years.
| Rs. 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 |
Metro Brands Company Promoters
The promotors of the company includes Rafique A. Malik (Chairman), Farah Malik Bhanji (Managing Director), Alisha Rafique Malik (Vice President – E Commerce and Marketing) of the company, Rafique Malik Family Trust and, Aziza Malik Family Trust.
Metro Brands Company Overview
Metro Brands Limited (MBL) is one of the largest Indian footwear speciality retailers and is among the top aspirational Indian brands in the footwear category. Incorporated in January 1977, Metro Brands has evolved into a one-stop-shop for all footwear needs.
It had opened its first store under the Metro brand in Mumbai in 1955. As of September 30, Metro Brands operated 598 stores across 136 cities in India. Metro Brands Limited is a powerhouse of strong brands with Metro Shoes, Mochi and Walkway as the key power brands along with many sub brands. DaVinchi is a premium brand with a standalone store and is exclusively available in Metro Shoes stores. Similarly, J. Fontini is a premium brand exclusively available in Mochi stores. Recently acquired is Cheemo, a houte couture brand for ethnic handbags and matching footwear, especially handcrafted.
Metro Brands Limited has its own e-commerce website for its brands Metro, Mochi, and Walkway. Its key brands also retail via top marketplaces. It is supported via strong processes and supply chain network, which ensure complete customer satisfaction.
Metro Brands Ltd, today is a spring board for any brand coming to India. The National Retail Partnership with Crocs was formed in 2015, is a case study. Metro Brands Limited is the distributor and retailer for Crocs in India. From opening 1 store in 2015 to a Crocs retail network of 150+ stores in 2019 speaks for itself.
A professional run organization, with over 4000 passionate employees, strong processes and core values, makes Metro Brands Limited stand tall and class-apart.