Wednesday, December 08, 2021

Metro Brands IPO Date, Review, Price, Form & Market Lot Details

Metro Brands IPO is to hit the market on December 10, 2021 and to close on December 14, 2021. Metro Brands IPO to raise around ₹1367 crores via IPO that comprises fresh issue of ₹295 crores and offer for sale up to 21,450,100 equity shares of ₹5 each. The retail quota is 35% while QIB is 50% and HNI is 15%.

Metro Brands Limited is one of the largest Indian footwear specialty retailers and is among the aspirational Indian brands in the footwear category. The company is established in 1995 with having vast experience in the footwear industry. The company offers a branded product range for men, women, kids, and unisex for every occasion. Metro Brands is a one-stop shop for all footwear needs and retailing a wide range of products. The company operated 586 Stores across 134 cities spread across 29 states and union territories in India as per 2021 data. Metmill Footwear Private Limited is the company's subsidiary while one joint venture, being M.V. Shoe Care Private Limited as well. The company has an offline and online presence as they are selling their products via 7 major e-commerce marketplaces. The company offers footwear as well as accessories like belts, bags, socks, masks, and wallets. Check out Metro Brands IPO details.
 
Important Details:
  • Backed by Rakesh Jhunjhunwala.
  • One of the largest and well-known footwear brands in India.
  • The company reported a profit of 65 crores in 2021 against 161 crores in 2020.
  • The company reported revenues of 879 crores in 2021 against 1311 crores in 2020.
  • The company is planning to open new brand stores of Metro, Mochi, Walkway, and Crocs.
  • Offering a wide range of products and presence in India and International as well.
  • The company has a strong presence with an experience management team.
  • Company's Brands: Metro, Mochi, Walkway, Da Vinchi, and J. Fontini, as well as certain third-party brands such as Crocs, Skechers, Clarks, Florsheim, and Fitflop


    Metro Brands IPO Review

    • May Apply

    Brokerage Firm IPO Reviews

    • Axis Capital: Neutral
    • Canara Bank: Subscribe
    • Choice Broking: Subscribe for Long Term
    • GEPL Capital: Subscribe
    • Hem Securities: Subscribe

    Metro Brands IPO Date & Price Band

     IPO Open:  10 December 2021
     IPO Close:  14 December 2021
     IPO Size:  Approx ₹1367 Crores
     Fresh Issue:  Approx ₹295 Crores
     Offer for Sale:  21,450,100 Equity Shares
     Face Value:  ₹5 Per Equity Share
     Price Band:  ₹485 to ₹500 Per Share
     Listing on:  BSE & NSE
     Retail Quota:  35%
     QIB Quota:  50%
     NII Quota:  15%
     Discount:  N/A
     DRHP Draft Prospectus:  Click Here
     RHP Draft Prospectus:  Click Here

    Metro Brands IPO Market Lot

    The Metro Brands IPO minimum market lot is 30 shares with ₹15,000 application amount. The retail investors can apply up-to 13 lots, 390 shares with ₹195,000 application amount.
     Minimum Lot Size:  Minimum 30 Shares for 1 lot
     Minimum Amount:  ₹15,000 for 1 lot
     Maximum Lot Size:  Maximum 390 Shares for 13 lot
     Maximum Amount:  ₹195,000 for 13 lot

    Metro Brands IPO Date, Time Table, Allotment & Listing

    The Metro Brands IPO date is 10 December 2021 and the IPO close date is 14  December 2021. The allotment date is 15 December 2021 and the IPO may list on 20 December 2021.
     Price Band Announcement:  06 December 2021
     Anchor Investors Allotment:  09 December 2021
     IPO Open Date:  10 December 2021
     IPO Close Date:  14 December 2021
     Basis of Allotment:  17 December 2021
     Refunds:  20 December 2021
     Credit to Demat Account:  21 December 2021
     IPO Listing Date:  22 December 2021

    Metro Brands IPO Form

    How to apply the Metro Brands IPO? You can apply Metro Brands IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Metro Brands IPO in the Invest section. The other option you can apply Metro Brands IPO via IPO forms download via NSE and BSE. Check out the Metro Brands forms - click NSE Forms & BSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.


    Metro Brands Company Financial Report

      ₹ in Crores

    Income Expense PAT
    2019 ₹1237 ₹1009 153
    2020 ₹1311 ₹1093 161
    2021
    ₹879 ₹794 65

    Company Promoters

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

    Metro Brands IPO Registrar

    Link Intime India Private Limited
    C-101, 1st Floor, 247 Park,
    Lal Bahadur Shastri Marg,
    Vikhroli (West),
    Mumbai 400 083, Maharashtra, India
    Telephone: +91 22 4918 6000
    E-mail: metrobrands.ipo@linkintime.co.in
    Website: www.linkintime.co.in
    Investor grievance e-mail: metrobrands.ipo@linkintime.co.in
    Contact person: Ms. Shanti Gopalkrishnan
    SEBI Registration No.: INR000004058
    Note: Check Tega Industries IPO allotment status on Linkintime website allotment URL. Click Here

    Metro Brands IPO Lead Managers

    • Ambit Private Limited
    • Axis Capital Limited
    • DAM Capital Advisors Ltd (Formerly IDFC Securities Ltd)
    • Equirus Capital Private Limited
    • ICICI Securities Limited
    • Motilal Oswal Investment Advisors Pvt Ltd

    Company Address

    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: https://metrobrands.com/

    Metro Brands IPO FAQs


    What is Metro Brands IPO?

    Metro Brands IPO is a main-board IPO. They are going to raise ₹1367 Crores via IPO. The issue is priced at ₹485 to ₹500 per equity share. The IPO is to be listed on BSE & NSE.

    When Metro Brands IPO will open?

    The IPO is to open on 10 December 2021 for QIB, NII, and Retail Investors.

    What is Metro Brands IPO Investors Portion?

    The investors' portion for QIB 50%, NII 15%, and Retail 35%.

    How to Apply the Metro Brands IPO?

    You can apply Metro Brands IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

    How to Apply the Metro Brands IPO through Zerodha?

    Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name "Metro Brands". Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

    How to Apply the Metro Brands IPO through Upstox?

    Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name "Metro Brands". Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve - mandate. Open Demat Account with Upstox.

    What is Metro Brands IPO Size?

    Metro Brands IPO size is ₹1367 crores. The IPO comprises ₹295 crores fresh issue and offers for sale of 21,450,100 equity shares.

    What is Metro Brands IPO Price Band?

    Metro Brands IPO Price Band is ₹485 to ₹500 per equity share.

    What is Metro Brands IPO Minimum and Maximum Lot Size?

    The minimum bid is 30 Shares with ₹15,000 amount while the maximum bid is 390 shares with ₹195,000.

    What is Metro Brands IPO Allotment Date?

    Metro Brands IPO allotment date is 17 December 2021.

    What is Metro Brands IPO Listing Date?

    Metro Brands IPO listing date is 22 December 2021. The IPO to list on BSE and NSE.

    Note: The Metro Brands IPO final details are officially announced. The IPO grey market premium (Metro Brands IPO Premium) is updated on their particular page. You can check our IPO grey market page for daily updates.)