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Metro Brands IPO

IPO Status: Closed [10th Dec 2021 to 14th Dec 2021]

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Metro Brands IPO Detail

Metro Brands, one of the largest Indian footwear speciality retailers is coming up with an IPO comprising a fresh issue of Rs. 295 Cr and an offer for sale 21,450,100 shares to list on the BSE and NSE. The IPO opens for subscription from 10 Dec to 14 Dec 2021. The face value is Rs. 5 per share IPO price band is fixed at Rs. 485-500 and one can apply for the bid lot of 30 shares and its multiple.. Stay updated with us to know more about the Metro Brands IPO issue size, minimum order amount, business overview, company financials, live subscription, grey market premium, allotment status, and more.

Metro Brands IPO Details

IPO Issue Opening Date: 10th Dec 2021
IPO Issue Closing Date: 14th Dec 2021
IPO Issue Price: ₹485-500
IPO Listing At: BSE, NSE
Retail Quota: 35%
IPO Issue Type: Book Built Issue IPO
IPO Issue Size: ₹1368 Cr
Offer for Sale: 21,450,100 shares at ₹500 each
Fresh Issue: ₹295 Cr.
Face Value: ₹5 Per Equity Share
IPO Discount: Employee ₹78
Promoter Holding Pre IPO: 84.02%
Promoter Holding Post IPO: 74.27%
BSE Code: 543426
NSE Code: METROBRAND

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IPO Live GMP IPO Live GMP

Metro Brands IPO Important Dates

In this section we have covered all important dates related to Metro Brands IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.

Metro Brands IPO important dates
IPO Activity Date
IPO Issue Open 10th Dec 2021
IPO Issue Close 14th Dec 2021
Basis of Allotment Date* 17th Dec 2021
Refunds Initiation* 20th Dec 2021
Credit of Shares to Demat* 21st Dec 2021
IPO Listing Date* 22nd Dec 2021

* - Tentative Dates

Metro Brands IPO Lots

IPO Activity Date
Issue Price ₹485-500
Market Lot: 30 Shares
1 Lot Amount: ₹15000
Max Retail Lots: 390 shares (13 lots)
Min HNI Lots: 420 shares (14 lots)

About Company - Metro Brands

Metro Brands Limited is one of the largest Indian footwear speciality retailers. The company offers a wide range of branded casual and formal footwear products for men, women, unisex, and kids. It retails footwear under different brand names such as Metro, Mochi, Walkway, Da Vinchi, and J. Fontini, and 3rd party brands i.e. Crocs, Skechers, Clarks, Florsheim, and Fitflop. It also offers accessories i.e. belts, bags, socks, masks, and wallets at its stores.

It undertakes its operations through retail stores, distributors, and online channels. The company primarily operates on the "Company-owned and company-operated" model through "Multi Brand Outlets" and "Exclusive Brand Outlets". As of Sept 30, 2021, it has a total of 598 stores across 136 cities in 30 states and union territories in India.

Metro Brands IPO Strengths

  • India's largest footwear retailer with a strong brand name.
  • Wide range of products to cater to all occasions across various age groups and market segments.
  • Efficient operating model through long-standing vendor relationship.
  • Strong market presence with 598 stores across 136 cities.
  • Experienced and professional promoters and management team.
  • Proven track record of business growth and profitability.
Incorporation Sector IPO Issue Size Website
1977 Retail ₹1368 Cr http://www.metrobrands.com/

Metro Brands IPO Objective

The net proceeds from the IPO will be utilized towards the following objectives;

  1. Capital expenditures to open new stores under the Metro, Mochi, Walway, and Crocs Brand.
  2. General corporate purposes.

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Metro Brands IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 5,470,020 Shares
  • Non-Institutional Investors: 4,102,515 Shares
  • Retail Individual Investor: 9,572,535 Shares
IPO Bidding Live Updates from BSE + NSE
Day QIBNIIRIITotal
 # of Shares Offered5,470,020 (28.57%)4,102,515 (21.43%)9,572,535 (50%)19,145,070
110th Dec 2021 22:010.00x0.02x0.52x0.27x
213th Dec 2021 17:020.16x0.17x0.87x0.52x
314th Dec 2021 17:028.49x3.02x1.13x3.64x

Metro Brands Financials for past 3 Years

Past performance and financial results of Metro Brands.

Metro Brands financial
Metro Brands Financials (₹ in Cr) 30-Sep-2021 31-Mar-2021 31-Mar-2020 31-Mar-2019
Total Assets ₹1,739.61 ₹1,659.34 ₹1,617.42 ₹1,321.51
Total Income ₹489.27 ₹878.54 ₹1311.07 ₹1236.89
Net Profit/Loss ₹43.07 ₹64.62 ₹160.58 ₹152.73

Metro Brands IPO DRHP >>Document

Metro Brands IPO RHP >>Document

Metro Brands IPO Allotment Status >>Link

Company Address

Metro Brands Limited
401, Zillion, 4th Floor, LBS Marg & CST Road Junction, Kurla (West),
Mumbai,Maharashtra-400 070
India
Website: http://www.metrobrands.com/
Phone: + (91) 22 2654 7700
Email: [email protected]

Metro Brands IPO Registrar

Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Website: http://www.linkintime.co.in
Phone: +91-22-4918 6270
Email: [email protected]

Metro Brands IPO Lead Manager

  1. ICICI Securities Limited
  2. Motilal Oswal Investment Advisors Pvt Ltd
  3. DAM Capital Advisors Ltd (Formerly IDFC Securities Ltd)
  4. Axis Capital Limited
  5. Ambit Private Limited
  6. Equirus Capital Private Limited
Metro Brands IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Metro Brands? Should I apply in Metro Brands IPO?

Last Updated on 2022-01-05T10:39:31+00:00


User Reviews

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5. VISHNU PRAKASH SHARMA Dec 03 2021 10:30:15 PM Reply
Metro Brands IPO expected listing gain.
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4. Preeti Katiyar Dec 03 2021 10:30:15 PM Reply
Please confirm Metro Brands IPO GMP (grey market premium) and kostak.
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3. Preeti Katiyar Dec 03 2021 10:30:15 PM Reply
Metro Brands IPO good or bad.
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2. paramjot singh  Dec 03 2021 10:30:15 PM Reply
Metro Brands IPO whether to invest or not.
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1. inderpal singh Dec 03 2021 10:30:15 PM Reply
Metro Brands IPO - CRISIL Rating, Apply or not?.