About the Company
Metro Brands Limited was established in 1955 and
became one of India’s largest footwear retailers. The company makes footwear
for men, women, children and unisex models. Some of its famous brands are:
- Mochi
- Metro
- Fontini
- Davinchi
Also, some of its third party brands are:
- Skechers
- Florsheim
- Fitflop
- Crocs
- Clarks
This company also offers bags, belts, wallets,
masks, etc. Interestingly, the company models the COCO (Company-Owned and
Company-Operated) business model. Metro Brands has its multi-brand outlets and exclusive
brand outlets which manage its stores.
Financial Highlights
The financials of the company are shown below:
|
For
The Year Ended |
31
March 2021 |
31
March 2020 |
31
March 2019 |
|
|
Total Assets |
16,593.40 |
16,174.23 |
13,215.06 |
|
|
Total
Revenue |
8,785.38 |
13,110.68 |
12,368.95 |
|
|
Profit After Tax |
646.19 |
1,605.75 |
1,527.31 |
|
Competitive Strengths
- This company is one of India’s largest footwear retailers
- The operating model is efficient, and it is asset-light
- Strong promoter background
- Robust track record of profitability
- Moreover, it offers a vast product range of bags, shoes, wallets,
etc.
- It is the first choice for international and national third party
brands
- It has its presence across multiple channels.
- Experienced management team
Metro Brands IPO 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 to ₹500 per
equity share |
|
Market Lot |
30 Shares |
|
Min Order Quantity |
30 Shares |
|
Listing At |
BSE, NSE |
|
Issue Size |
[.] Eq Shares of ₹5 |
|
Fresh Issue |
[.] Eq Shares of ₹5 |
|
Offer for Sale |
21,450,100 Eq Shares
of ₹5 |
|
QIB Shares Offered |
Not more than 50% of
the offer |
|
Retail Shares
Offered |
Not less than 35% of
the offer |
|
NII (HNI) Shares
Offered |
Not less than 15% of
the offer |
Metro Brands IPO Tentative Timetable
The Metro Brands 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 |
Metro Brands IPO Tentative Timetable
The Metro Brands 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 |
Metro Brands IPO Lot Size
The Metro Brands IPO market lot size is 30 shares. A
retail-individual investor can apply for up to 13 lots (390 shares or
₹195,000).
|
Application |
Lots |
Shares |
Amount
(Cut-off) |
|
Minimum |
1 |
30 |
₹15,000 |
|
Maximum |
13 |
390 |
₹195,000 |
How to Apply for IPO?
You can apply for the IPO in these ways:
Demat Account
If you’re a new investor open demat account for free with
Angel One using link https://tinyurl.com/k79bdf4z to begin your investment
journey.
UPI
Alternatively, you can apply for IPO through UPI. First,
you need to connect your bank account with a preferred UPI platform. Then, link
it with your Angel One account. After that, you can use the UPI option present
on the Angel One website and app to subscribe to IPO.
Finally, go to the UPI app to book shares for the IPO.
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