Metro Brands Limited IPO Detail
Metro Brands Ltd started its business in Mumbai back in 1955. It is one of the most established and famous footwear specialty stores in the country. The Retail stores are in Third Party Brands and In-House Brands selling. It has its own Exclusive brand outlet stores (EBO Store). They also have Multi Brand Outlet Stores (MBO Stores). Franchisee Shops; Shop in Shops stores (SIS Stores). Along with these it also runs an Online Commercial Website. The company also has a presence on other platforms for the sale of its shoes.
The MBO stores are in the business of their own as well as third-party brand shoes. Metro Brands Limited has a strong business model. They have outsourced their manufacturing arm for production. The production center makes its own brand and third-party brand shoes. The EBO stores focus on their prime Brand Crocs in an association with Crocs Inc. The Departmental Stores, Malls, and other places have franchisee shops. They also have the SIS Stores. The company’s product portfolio ranges from various branded shoes. They have products for casual and formal occasions. The In-house brands include Mochi, Da-Vinchi, Metro and J.Fontini. The third-party brands also operate under Metro Brands ltd. . are Clarks, Crocs, Skechers, Flitflop, and Florsheim.
Company Promoters
Rafique A. Malik, Farah Malik Bhanji, Alisha Rafique Malik, Rafique Malik Family Trust And Aziza Malik Family TrustIPO Details
IPO Opening Date | Dec 10, 2021 |
IPO Closing Date | Dec 14, 2021 |
Issue Type | Book Built Issue IPO |
Face Value | ₹5 per equity share |
IPO Price | ₹485 - 500 per equity share |
Market Lot | 30 Shares |
Min Order Quantity | 30 Shares |
Listing At | BSE, NSE |
Issue Size | ₹1,367.51 Cr |
Fresh Issue | ₹295.00 Cr |
Offer for Sale | ₹1,072.51 Cr |
Retail Portion | 35% |
IPO Subscription (Bidding Detail)
AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
---|---|---|---|---|---|---|
Day 1 | 0x | - | - | 0.03x | 0.52x | 0.26x |
Day 2 | 0.16x | - | - | 0.18x | 0.87x | 0.52x |
Day 3 | 8.49x | - | - | 3.02x | 1.13x | 3.63x |
IPO Tentative Timetable
The Metro Brands Limited IPO open date is Dec 10, 2021, and the close date is Dec 14, 2021. The issue may list on Dec 22, 2021.
IPO Open Date | Dec 10, 2021 |
IPO Close Date | Dec 14, 2021 |
Basis of Allotment Date | Dec 17, 2021 |
Initiation of Refunds | Dec 20, 2021 |
Credit of Shares to Demat Account | Dec 21, 2021 |
IPO Listing Date | Dec 22, 2021 |
IPO Lot Size
The Metro Brands Limited IPO market lot size is 30 shares. A retail-individual investor can apply for up to 13 lots (390 shares or ₹195000).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 30 | ₹15000 |
Maximum | 13 | 390 | ₹195000 |
IPO Promoter Holding
Pre Issue Share Holding | 84.02% |
Post Issue Share Holding | 74.27% |
Company Financials:
For the year/period ended (₹ in Crs)
Financial Year | Total Assets | Total Revenue | Profit After Tax |
---|---|---|---|
31-Mar-21 | 8785 | 794 | 65 |
31-Mar-20 | 1311 | 1093 | 161 |
31-Mar-19 | 1237 | 1009 | 153 |
Objects of the Issue:
- Prepayment of all or a certain part of the loans of the firm on the benefited on the united premise.
- To achieve corporate goals.
Metro Brands Limited IPO Registrar:
Link Intime India Private Ltd
Metro Brands Limited IPO Lead Manager(s):
Ambit Private Limited, Axis Capital Limited, DAM Capital Advisors Ltd (Formerly IDFC Securities Ltd), Equirus Capital Private Limited, ICICI Securities Limited and Motilal Oswal Investment Advisors Pvt Ltd.