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Open
10 Dec 2021
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Close
14 Dec 2021
3
Allotment
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Listing
Wed, Dec 22, 2021
Price Band
₹485 to ₹500
Issue Size
2,73,50,100 shares (agg. up to ₹1,368 Cr)
Lot Size
30 Shares
Listing Date
Wed, Dec 22, 2021
Latest GMP
₹-55
Est. Gain
-11%
✦ AI Insight
GMP Trend
22-12-2021₹-55Est. ₹445-11%
21-12-2021₹-55Est. ₹445-11%
20-12-2021₹-55Est. ₹445-11%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 2.63x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2021 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|
| Assets | 1,739.61 | 1,659.34 | 1,617.42 | 1,321.51 |
| Total Income | 489.27 | 878.54 | 1,311.07 | 1,236.90 |
| Profit After Tax | 43.07 | 64.62 | 160.58 | 152.73 |
| EBITDA | 111.42 | 170.93 | 353.51 | 337.33 |
| NET Worth | 840.04 | 827.57 | 807.29 | 649.87 |
| Reserves and Surplus | 707.27 | 694.80 | 674.52 | 517.26 |
| Total Borrowing | 0.93 | 1.41 | 11.58 | 9.90 |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Expenditure for opening new stores of the Company, under the “Metro”, “Mochi”, “Walkway” and “Crocs” brands (“New Stores”); | 225.37 |
| 2 | General corporate purposes | 59.56 |
About Metro Brands IPO
Established in 1955, Metro Brands Limited is one of the largest Indian footwear specialty retailers, in India. The company caters to the footwear needs of customers through a wide range of branded products for the entire family including men, women, unisex and kids, and different occasions. The company targets the mid and premium segments in the footwear market which have a higher presence of organized players and growth in the overall footwear industry. Some of the company's well-known brands include 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 also offer accessories such as belts, bags, socks, masks, and wallets, at their stores. The company also retails footcare and shoe-care products at their stores through the joint venture, M.V. Shoe Care Private Limited. The company follows the "company-owned and company operated" (COCO) model of retailing through their own Multi Brand Outlets (MBOs) and Exclusive Brand Outlets (EBOs), to manage their stores. As of September 30, 2021, the company operated 598 Stores across 136 cities spread across 30 states and union territories i
Contact Details
Metro Brands Ltd. Address401, Zillion, 4th FloorLBS Marg & CST Road Junction, Kurla (West)Mumbai, Maharashtra, 400070+ (91) 22 2654 7700investor.relations@metrobrands.comVisit Website