Metro Brands IPO 2021 : Metro IPO Dates, Share price, allotment, GMP

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.

Metro Brands IPO 2021 All Details

Metro Brands IPO Opening DateDecember 10, 2021
Metro Brands IPO Closing DateDecember 14, 2021
Issue TypeBook Built Issue IPO
Face ValueRs. 5 per equity share
IPO PriceRs. 485 to 500 per equity share
Market Lot30 Shares
Min Order Quantity30 Shares
Listing AtBSE, NSE
Issue SizeWorth Rs. 1,367.51 Crore
Fresh IssueWorth Rs. 295.00 Crore)
Offer for Sale21,450,100 Equity Shares
(Worth Rs. 1,072.51 Crore)

Metro Brands IPO 2021 Dates

Metro Brands IPO Opening DateDec 10, 2021
Metro Brands IPO Closing DateDec 14, 2021
Allotment DateDec 17, 2021
Initiation of RefundsDec 20, 2021
Credit of Shares to Demat AccountDec 21, 2021
Metro Brands IPO Listing DateDec 22, 2021
Metro Brands IPO 2021 Dates, Share price, allotment, GMP, lotsize
Metro Brands IPO 2021 India

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


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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 Millions30-Sep-2131-Mar-2131-Mar-2031-Mar-19
Total Assets17,396.0616,593.4016,174.2313,215.06
Total Revenue4,892.688,785.3813,110.6812,368.95
Profit After Tax430.74646.191,605.751,527.31

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.