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Metro Brands Limited IPO Detail

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 Trust

IPO Details

IPO Opening DateDec 10, 2021
IPO Closing DateDec 14, 2021
Issue TypeBook Built Issue IPO
Face Value₹5 per equity share
IPO Price ₹485 - 500 per equity share
Market Lot30 Shares
Min Order Quantity30 Shares
Listing AtBSE, 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)

Day 1 0x 0.03x 0.52x 0x - 0.26x
Day 2 0.16x 0.18x 0.87x 0x - 0.52x
Day 3 8.49x 3.02x 1.13x 0x - 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 DateDec 10, 2021
IPO Close DateDec 14, 2021
Basis of Allotment DateDec 17, 2021
Initiation of RefundsDec 20, 2021
Credit of Shares to Demat AccountDec 21, 2021
IPO Listing DateDec 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).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding84.02%
Post Issue Share Holding74.27%

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.