Metro Brands IPO description – The company is one of the largest Indian footwear speciality retailers and among the aspirational Indian brands in the footwear category. First store under the Metro brand in Mumbai in 1955 and has since evolved into a one-stop shop for all footwear needs, by retailing a wide range of branded products under its own brands of Metro, Mochi, Walkway, Da Vinchi and J. Fontini, as well as certain third-party brands such as Crocs, Skechers, Clarks, Florsheim, and Fitflop. It retails footcare and shoe-care products at its own stores through joint venture also with M. V. Shoe Care Private Limited.
The Company’s total Store count has grown from 504 in 116 cities as of 31st March 2019 to 586 stores across 134 cities having a pan-India presence through its Store network in prominent high streets, malls and airports, spread across 29 states and union territories in India as of March 31, 2021 and has opened 113 new Multi Brand Outlets (MBOs) including seven through franchises) and 98 new Exclusive Brand Outlets (EBOs) in the last three Fiscals.
The Company had the third highest number of exclusive retail outlets in India, in Fiscal 2021 (Source: CRISIL Report) and recorded an EBITDA Margin of 27.72%, 27.51%
and 21.36% in Fiscal 2019, 2020, and 2021 respectively.
Promoters of Metro Brands – Rafique A Malik, Farah Malik Bhanji, Alisha Rafique Malik, Rafique Malik Family Trust and Aziza Malik Family Trust.
Metro Brands IPO Details
| Subscription Dates | 10 – 14 December 2021 |
| Price Band | INR485 – 500 per share |
| Fresh issue | INR 295 crore |
| Offer For Sale | 21,450,100 shares (INR1,040.33 – 1,072.5 crore) |
| Total IPO size | INR1,335.33 – 1,367.5 crore |
| Minimum bid (lot size) | 30 shares |
| Face Value | INR5 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Metro Brands’ Financial Performance
| Â | FY2019 | FY2020 | FY2021 | H1 FY2022 |
| Revenue | 1,236.9 | 1,311.1 | 878.5 | 489.3 |
| Expenses | 1,008.8 | 1,092.6 | 794.1 | 433.3 |
| Net income | 152.7 | 161.0 | 64.6 | 43.1 |
| Margin (%) | 12.3 | 12.3 | 7.4 | 8.8 |
Metro Brands IPO News
Metro Brands Valuations & Margins
| FY2019 | FY2020 | FY2021 | |
| EPS | 5.75 | 6.05 | 2.43 |
| PE ratio | – | – | 199.59 – 205.76 |
| RONW (%) | 22.75 | 19.41 | 8.24 |
| ROCE (%) | 25.89 | 20.07 | 9.54 |
| EBITDA (%) | 27.72 | 27.51 | 21.36 |
| Debt/Equity | 0.00 | 0.00 | 0.00 |
| NAV | – | – | 31.17 |
Metro Brands IPO GMP Daily Trend
| Date | Metro Brands IPO GMP | Kostak | Subject to Sauda |
| 21 Dec 2021 | -INR10 | – | – |
| 20 Dec 2021 | INR30 | – | – |
| 18 Dec 2021 | INR35 | – | – |
| 17 Dec 2021 | INR35 | – | – |
| 16 Dec 2021 | INR35 | – | – |
| 15 Dec 2021 | INR40 | – | – |
| 14 Dec 2021 | INR25 | – | – |
| 13 Dec 2021 | INR25 | – | – |
| 11 Dec 2021 | INR40 | – | – |
| 10 Dec 2021 | INR90 | – | – |
| 9 Dec 2021 | INR100 | – | – |
Metro Brands IPO Subscription – Live Updates
| Category | Shares Offered | Day 1 | Day 2 | Day 3 |
| QIB | 54,70,020 | 0.00 | 0.16 | 8.49 |
| NII | 41,02,515 | 0.02 | 0.17 | 3.02 |
| Retail | 95,72,535 | 0.52 | 0.87 | 1.13 |
| Total | 1,91,45,070 | 0.27 | 0.52 | 3.64 |
Metro Brands IPO Reviews – Subscribe or Avoid?
Angel One – Neutral
Anand Rathi –
Antique Stock Broking –
Arihant Capital –
Ashika Research – Unrated
Asit C Mehta –
BP Wealth – Subscribe
Canara Bank Securities – Subscribe
Choice Broking – Subscribe for long term
Elite Wealth – Subscribe
GEPL Capital – Subscribe
Hem Securities – Subscribe
ICICIdirect – Unrated
KR Choksey –
Marwadi Financial Services – Subscribe
Motilal Oswal –
Nirmal Bang – Subscribe for long term
Religare Broking –
Samco Securities – Avoid
SMC Global – 2/5
Ventura Securities – Not rated
Metro Brands Offer Registrar
Link Intime India Private LimitedÂ
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:Â [email protected]
Website:Â http://www.linkintime.co.in
Metro Brands Contact Details
Metro Brands Limited
401, Zillion, 4th Floor,
LBS Marg & CST Road Junction,
Kurla (West), Mumbai- 400 070,
Maharashtra, India
Phone:Â +91 22 2654 7700
Email:Â [email protected]
Website: www.metrobrands.com
Metro IPO Allotment Status
Metro Brands IPO allotment is now available on Link Intime’s website. Click on this link to get allotment status.
Metro IPO Timetable
| IPO Opening Date | 10 December 2021 |
| IPO Closing Date | 14 December 2021 |
| Finalisation of Basis of Allotment | 17 December 2021 |
| Initiation of refunds | 20 December 2021 |
| Transfer of shares to demat accounts | 21 December 2021 |
| Listing Date | 22 December 2021 |
| Opening Price on NSE | INR437 per share (down 12.60% from IPO price) |
| Closing Price on NSE | INR493.35 per share (down 1.33% from IPO price) |
Metro Brands IPO FAQs
How many shares in Metro Brands IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in Metro Brands Public Offer?
The best way to apply in Metro Brands IPO is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Metro Brands IPO GMP today?
Metro Brands IPO GMP today is -INR10 per share.
What is Metro Brands IPO kostak rate today?
Metro Brands IPO kostak rate today is NA per application.
What is Metro Brands Subject to Sauda rate today?
Metro Brands Subject to Sauda rate today is NA per application.
