Metro Brands IPO GMP, Price, Date Allotment

1
Metro IPO GMP

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 Dates10 – 14 December 2021
Price BandINR485 – 500 per share
Fresh issueINR 295 crore
Offer For Sale21,450,100 shares (INR1,040.33 – 1,072.5 crore)
Total IPO sizeINR1,335.33 – 1,367.5 crore
Minimum bid (lot size)30 shares
Face Value INR5 per share
Retail Allocation35%
Listing OnNSE, BSE

Metro Brands’ Financial Performance

 FY2019FY2020FY2021H1 FY2022
Revenue1,236.91,311.1878.5489.3
Expenses1,008.81,092.6794.1433.3
Net income152.7161.064.643.1
Margin (%)12.312.37.48.8
Figures in INR crore unless specified otherwise

Metro Brands IPO News


Metro Brands Valuations & Margins

FY2019FY2020FY2021
EPS5.756.05 2.43
PE ratio199.59 – 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

DateMetro Brands IPO GMPKostakSubject 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 2021INR25
13 Dec 2021 INR25
11 Dec 2021 INR40
10 Dec 2021 INR90
9 Dec 2021 INR100

Metro Brands IPO Subscription – Live Updates

CategoryShares OfferedDay 1Day 2Day 3
QIB54,70,0200.000.168.49
NII41,02,5150.020.173.02
Retail95,72,5350.520.871.13
Total1,91,45,0700.270.523.64
Subscription figures in number of times, at 5 PM

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 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: [email protected]
Website: 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: +91 22 2654 7700
Email: [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.

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here