Metro Brands Limited IPO

Mainboard

Retailing

Listed On: Dec 22, 2021 at ₹ 437.00(NSE)

₹ 15000 /30 Shares

Check Allotment

Price Summary

Last Closing

1,241.00 (148.2%)

52 Week High

1,441.20

52 Week Low

990.05

Last Update

20-Sep-2024 3:30 PM

IPO Details

10 Dec, 2021

Open Date

14 Dec, 2021

Close Date

17 Dec, 2021

Allotment Date

22 Dec, 2021

Listing Date

Issue Price

₹485-500 per equity share

Face Value

₹5 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Limited

List Price

437.00(NSE)

Listing Date

2021-12-22

Market Lot

30 Shares (₹15,000/-)

Lead Manager

Ambit Private Limited.Axis Capital Limited,DAM Capital Advisors,Equirus Capital Private Limited,ICICI Securities Limited,Motilal Oswal Investment Advisors Pvt Ltd

Issue Size

Total : 1367.51 Crores

Retail Portion

35% (Number of Retail Applications : 3,19,000 Approx)

Subscription

3.63 times

IPO Docs

DRHP RHP

IPO Subscription 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

Total No. of Applications: 303371 (Approx)

Retail Subscription on the basis of Applications: 0.95 times

Valuations

Earnings Per Share (EPS)

₹2.38/-

P/E Ratio

210.08

RoNW

8.24%

Net Asset Value (NAV) - As on 31.08.21

₹31.64

Company Financials All values are in ₹ Cr.

	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 The 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.

	P/B Ratio	P/E Ratio	RoNW	Net Worth
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

- Promoter(s)

Pre Issue Share Holding: 83.99%

Post Issue Share Holding: N/A%

Company Promoter(s)

Rafique A. Malik
Farah Malik Bhanji
Alisha Rafique Malik
Rafique Malik Family Trust
Aziza Malik Family Trust

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 - 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. The size of Metro Brands Limited IPO is Total : 1367.51 Crores.

Ans. The IPO price band is set between ₹485-500 per equity share.

Ans. To apply for Metro Brands Limited IPO 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 allotment status for Metro Brands Limited IPO here.