Metro Brands Limited IPO will open on 10th December 2021. Started back in 1955, Metro Brand is one of the largest brands in the footwear category in India. Let’s analyse this IPO in detail.
List of Topic Covered
Key Features of Metro Brands IPO
- Metro Brands IPO will open on 10th Dec 2021
- You can apply in this IPO from 10th Dec 2021 to 14th Dec 2021
- Issue Price band of the company is Rs. 485 – 500 per equity share.
- This IPO comprises fresh issue of equity shares worth Rs. 295 crore and offer for sale (OFS) of 2,14,50,100 equity shares by promoters and existing shareholders.
- It has a minimum 30 shares in one lot and you have to spend a minimum ₹15,000 for 1 lot.
- Metro Brands IPO is looking to raise ₹ 1367 crores through this IPO.
What is Metro Brand Ltd
- Established in 1955, Metro Brands Limited is India’s one of the biggest footwear retailers.
- They have brands like Metro, Mochi, J.Fontini, Walkway and Da Vinchi also have many third-party brands such as Crocs, Skechers, Clarks, Florsheim, and Fitflop.
- They operate 586 Stores across 134 cities spread across 29 states and union territories in India.
- Metro brands is backed by Mr. Rakesh Jhunjhunwala.
- They have a very good brand presence on the web and other channels.
- Rafique Malik is the Chairman of the company.
- On the revenue front, the company is consistently in profit for the last three years which is a positive sign for the investors.
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Metro Brands IPO Conditions to know before Investing, Date, Lot Size, Allotment
| IPO Start Date | 10 December 2021 |
| IPO Close Date | 14 December 2021 |
| Share Allotment Date | 17 December 2021 |
| Refunds Date | 20 December 2021 |
| Credit to Demat Account Date | 21 December 2021 |
| IPO Listing Date | 22 December 2021 |
| Fresh Equity Share Issue | Approx ₹ 295 crores |
| Offer For Sale (OFS) Equity Share | Approx 2,14,50,100 equity shares |
| Face Value | ₹ 5 Per Equity Share |
| Price Band | ₹ 485 – ₹ 500 Per Equity Share |
| Retail Quota Share | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Listing on | NSE & BSE |
| Minimum Lot Size | 30 Share in 1 Lot |
| Minimum Amount | ₹ 15,000 For 1 Lot |
| Maximum Lot Size | 390 Shares (13 Lot) |
| Maximum Amount | ₹ 1,95,000 (For 13 Lot) |
| Employee Discount | NA |
Metro Brands IPO Financial Report of 2019,2020 & 2021
Company is consistently making profit for the last three years which is a positive sign for the investors.
| Year | Revenue | Expense | PAT (Profit After Tax) |
| 2021 | ₹ 8785 | ₹ 794 | ₹ 65 |
| 2020 | ₹ 1311 | ₹ 1093 | ₹ 161 |
| 2019 | ₹ 1237 | ₹ 1009 | ₹ 153 |
Retail Investors, QIB & NII quota in Metro Brands IPO
Metro Brands PO’s 50% quota is reserved for the QIB category. 15% quota is reserved for NII Category and 35% quota is reserved for retail investors.
How to Apply in Metro Brands IPO
- You can apply for the Metro Brands IPO through the ASBA facility available in your bank account.
- Just login to your online banking. GO to the IPO section and apply for Metro Brands IPO
- Also you can apply this IPO through your trading account
- One more way to apply in this IPO is through forms which you can download from NSE and BSE website.
- After downloading forms, fill it properly and submit it to the respective banks or to your broker.
How to apply for the Metro Brands IPO through Zerodha?
- Login to your console in Zerodha through desktop or app.
- Then go to your portfolio and click on IPO.
- You will see Metro Brands IPO
- Then click on the bid button.
- After this enter your UPI ID, price and quantity (lot size)
- Click the submit button.
- At last you have to go to your UPI app to approve the mandate.
How to apply for the Metro Brands IPO through Upstox?
- Login to your Upstox account through desktop or app.
- You will see the name Metro Brands IPO
- Then hit the bid button.
- Click the submit button.
- At last you have to go to your UPI app to approve the mandate.
Allotment Status For Metro Brands IPO
You can check Metro Brands IPO allotment status on Registrar and Transfer Agent Website
Also you can check the allotment status on NSE Website
Metro Brands IPO Promoters
- Rafique A. Malik
- Farah Malik Bhanji
- Alisha Rafique Malik
- Rafique Malik Family Trust
- Aziza Malik Family Trust
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
Metro Brands IPO contact information
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 Registrar Contact Information
Link Intime India Private Ltd
- Phone: +91-22-4918 6270
- Email: metrobrands.ipo@linkintime.co.in
- Website: https://linkintime.co.in/
I hope this covers all the information on Metro Brands Ltd IPO. Please feel free to ask any doubt in the comment box.