Metro Brands Limited IPO
MainboardRetailing
Listed On: Dec 22, 2021 at ₹ 437.00(NSE)
₹ 15000 /30 Shares
Check Allotment10 Dec, 2021
Open Date14 Dec, 2021
Close Date17 Dec, 2021
Allotment Date22 Dec, 2021
Listing DatePrice Summary
Last Closing
1,150.00 (130%)52 Week High
1,346.5052 Week Low
990.05Last Update
19-Dec-2025 3:30 PMIPO Issue Details
- Issue Price ₹485-500 per equity share
- Face Value ₹5 Per Equity Share
- Issue Price Total : 1367.51 Crores
- Listing at BSE, NSE
- List Price 437.00(NSE)
- Listing Date 2021-12-22
- Lead Manager Ambit Private Limited.Axis Capital Limited,DAM Capital Advisors,Equirus Capital Private Limited,ICICI Securities Limited,Motilal Oswal Investment Advisors Pvt Ltd
- Registrar Link Intime India Private Limited
IPO Details
- Retail Portion 35% (Number of Retail Applications : 3,19,000 Approx)
IPO Details
The IPO of is priced at ₹485-500 per equity share, which has a face value of ₹5 Per Equity Share each, IPO bidding starts from Dec 10, 2021 and ends on Dec 14, 2021. The allotment for IPO will be finalized on Dec 17, 2021. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Dec 22, 2021. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Limited is the registrar of the issue.
The book-running lead manager for the IPO is/are Ambit Private Limited.Axis Capital Limited,DAM Capital Advisors,Equirus Capital Private Limited,ICICI Securities Limited,Motilal Oswal Investment Advisors Pvt Ltd.
The IPO sets its price band at 485-500 for each share. A single application for Metro Brands Limited IPO must contain at least 30 shares.
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IPO Subscription Analysis And Details
| As on | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 54,70,020 | 41,02,515 | 95,72,535 | 191,45,070 |
|
Day 1
10-12-21 05:00 PM
|
0.00 x | 0.03 | 0.52 x | 0.26 x |
|
Day 2
13-12-21 05:00 PM
|
0.16 x | 0.18 | 0.87 x | 0.52 x |
|
Day 3
14-12-21 05:00 PM
|
8.49 x | 3.02 | 1.13 x | 3.63 x |
Valuations
Company Financials
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
|---|---|---|---|
| Assets | 1,659.34 | 1,617.42 | 1,321.50 |
| Revenue | 878.53 | 1,311.06 | 1,236.89 |
| Profit After Tax | 64.61 | 160.57 | 152.73 |
About Company
Metro Brands Ltd is one of the largest Indian footwear speciality retailers, and are among the aspirational Indian brands in the footwear category.Company offers one-stop shop solution 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.Company also sells accessories such as belts, bags, socks, masks and wallets.Company retails footwear under 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,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.
Read More- Promoter(s)
Rafique A. Malik
Farah Malik Bhanji
Alisha Rafique Malik
Rafique Malik Family Trust
Aziza Malik Family Trust
Pre Issue Share Holding : 83.99%
Post Issue Share Holding : N/A%
IPO - Issue Objectives
Expenditure for opening new stores of the company, under the “Metro”, “Mochi”, “Walkway” and “Crocs” brands;
General corporate purposes
IPO - Anchor Investors
Metro Brands garners Rs 410 crore from anchor investors
Marquee investors who invested in the company through anchor book included Goldman Sachs, Abu Dhabi Investment Authority, University of Notre Dame DU LAC, GMO Emerging Domestic Opportunities Fund, Pinebridge India Equity Fund, Societe Generale and Valiant India Opportunities.
Domestic investors including ICICI Prudential, HDFC Trustee, Kotak Mutual Fund, SBI Life Insurance, HDFC Life Insurance, Tata AIA Life Insurance, Tata Mutual Fund, Sundaram Mutual Fund, and UTI MF also bought shares in the company.
IPO - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Revenue(in Cr.) | |
|---|---|---|---|---|
| Metro Brands | 15.80 | 210.08 | 8.24% | 878.54 |
| Bata India | 14.21 | 1,137.77 | 1.25% | 1,801.33 |
| Relaxo Footwear | 19.32 | 1106.60 | 18.12% | 2,381.92 |
IPO - FAQs
Ans. Metro Brands Limited IPO is a Mainboard IPO. The issue is priced at ₹485-500 per equity 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 Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Metro Brands Limited IPO opens on Dec 10, 2021 and closes on Dec 14, 2021.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Metro Brands Limited IPO is Total : 1367.51 Crores.
Ans. The Metro Brands Limited IPO price band is set between ₹485-500 per equity share.
Ans. To apply for Metro Brands Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Metro Brands Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Metro Brands Limited IPO is Dec 17, 2021.
Ans. The Metro Brands Limited IPO will be listed on Dec 22, 2021.
Ans. Follow the steps to check the Metro Brands Limited IPO allotment status online.
