metro brands ipo

Metro Brands Limited IPO Review

Metro Brands Limited, founded in 1955, is one of India’s major Indian footwear specialty stores. Customers’ footwear demands are met by a diverse choice of branded items for the entire family, including men, women, unisex, and children, as well as for various situations. The firm focuses on the footwear market’s mid and premium categories, which have a stronger presence of organised competitors and are growing in the total footwear industry.

Metro, Mochi, Walkway, Da Vinchi, and J. Fontini are some of the company’s well-known brands, as are some third-party brands such as Crocs, Skechers, Clarks, Florsheim, and Fitflop. Metro Brands stores also sell accessories such as belts, backpacks, socks, masks, and wallets. M.V. Shoe Care Private Limited, the company’s joint venture, also sells footcare and shoe-care items at its stores.

The Firm’s revenue Store count has increased from 504 in 116 cities as of 31st March 2019 to 586 stores across 134 cities with a pan-India presence as of March 31, 2021 through its Store network in influential high streets, malls, and airports spread across 29 states and union territories in India and has opened 113 new Multi Brand Outlets (MBOs) together with seven through franchises) and 98 fresh Unique Brand Outlets (EBOs) in the last three Fiscals.

In Fiscal 2021, the corporation had the third-highest number of exclusive retail shops in India (Source: CRISIL Report), with an EBITDA Margin of 27.72 percent, 27.51 percent, and 21.36 percent in Fiscal 2019, 2020, and 2021, respectively.

Subscription Dates10 – 14 December 2021
Price BandComing soon
Fresh issueINR 250 crore
Offer For Sale21,900,100 shares
Total IPO sizeComing soon
Minimum bid (lot size)Coming soon
Face Value INR5 per share
Retail Allocation35%
Listing OnNSE, BSE
 

FY2019

FY2020

Revenue

1,236.9

1,311.1

Expenses

1,008.8

1,092.6

Net income

152.7

161.0

Margin (%)

12.3

12.3

 

FY2021

H1 FY2022

Revenue

878.5

489.3

Expenses

794.1

433.3

Net income

64.6

43.1

Margin (%)

7.4

8.8

 

FY2019

FY2020

EPS

5.75

6.05

PE ratio

RONW (%)

22.75

19.41

ROCE (%)

25.89

20.07

EBITDA (%)

27.72

27.51

Debt/Equity

0.00

0.00

NAV

 

FY2021

EPS

2.43

PE ratio

199.59 – 205.76

RONW (%)

8.24

ROCE (%)

9.54

EBITDA (%)

21.36

Debt/Equity

0.00

NAV

31.17

Listing Performance of Metro Brands Limited IPO

Listed On : 22 December 2021

Issue Price : Coming Soon

Listing Day Close : Coming Soon

Listing Day Gain/Loss (%) : Coming Soon

NSE : NA

ISIN CODE : INE317I01021

BSE : NA

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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

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

Link Intime India Private Limited 
C-101, 1st Floor,
247 Park, Lal Bahadur Shastri Marg,
Vikhroli (West), Mumbai 400 083,
Maharashtra, India
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: metrobrands.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Category

Shares Offered

Day 1

QIB

54,70,020

0.00

NII

41,02,515

0.02

Retail

95,72,535

0.52

Total

1,91,45,070

0.27

Category

Day 2

Day 3

QIB

0.16

8.49

NII

0.17

3.02

Retail

0.87

1.13

Total

0.52

3.64

Metro Brands Limited IPO FAQ's

Metro Brands Limited IPO is a main-board IPO of  ₹[.] per equity share of the face value of ₹5 aggregating up to ₹295.00 Crore. The issue is priced at ₹[.] to ₹[.] per equity share. The minimum order quantity is [.] Shares. The initial public offering (IPO) date Dec 10, 2021. The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the NSE and BSE.

 

The Metro Brands Limited IPO opening date is Dec 10, 2021. and the closing date is Dec 14, 2021.

Metro Brands Limited IPO Market lot size is [.] Shares and the minimum order quantity is [.] Shares.

The Basis of Allotment for Metro Brands Limited IPO will be done on Dec 17, 2021 and the allotted shares will be credited to your demat account by Dec 21, 2021. Check the Metro Brands Limited IPO allotment status.

The Metro Brands Limited IPO listing date is Dec 22, 2021.

Metro Brands Limited IPO can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications. Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.

Metro Brands Limited IPO Comments