Metro Brands was incoproated on January 19, 1977. The company is a the business of footwear and works under brands like Metro, Mochi, Walkway, Da Vinchi and J. Fontini, as well as certain third-party brands such as Crocs, Skechers, Clarks, Florsheim, and Fitflop,
| Bidding Dates |
|---|
| 10 Dec 2021 - 14 Dec 2021 |
| Subscription |
|---|
| 3.64x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹15,000 | 1 | 13 | 30 | 21.5 M | ₹485 - ₹500 | 83.99 % | ₹10403.3 M - ₹10725.0 M | RHP DOC |
Metro Brands IPO SUBSCRIPTION STATUS
14 Dec '21Metro Brands IPO overall subscription rate was 3.64 times the total available shares
Metro Brands IPO retail subscription rate was 1.13 times in the retail segment
Metro Brands IPO non-institutional investor subscription rate was 3.02 times in the non-institutional investor category
Metro Brands IPO Qualified Institutional Bidder subscription rate was 8.49 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
14 Dec 2021 (Day 3) | 1.13x | 3.02x | 8.49x |
13 Dec 2021 (Day 2) | 0.87x | 0.17x | 0.16x |
10 Dec 2021 (Day 1) | 0.52x | 0.02x | 0x |
Metro Brands IPO SUBSCRIPTION STATUS DETAILS
Metro Brands had 21.5 M shares on offer
Metro Brands IPO offer price was in the range ₹485 - ₹500
Metro Brands IPO minimum Investment was ₹15000
Metro Brands IPO issue size was ₹ 10403.3 M - ₹ 10725.0 M
Metro Brands had a minimum lot size of 30 Shares per application
Metro Brands NUMBER OF SHARES ON OFFER
Metro Brands IPO IMPORTANT DATES
| Issue Open Date | 10 Dec 2021 |
| Issue close Date | 14 Dec 2021 |
| Allotment Date | 17 Dec 2021 |
| Refund Date | 21 Dec 2021 |
| Demat Account Credit Date | 22 Dec 2021 |
| Listing Date | 22 Dec 2021 |
| Listing on Exchange(s) | NSE and BSE |
| Metro Brands Allotment Status | Exchange |
Metro Brands IPO subscription opened on 10 Dec 2021, and closed on 14 Dec 2021
IPO allotment for Metro Brands was finalized on Friday, 17 Dec 2021
IPO listing for Metro Brands was on NSE and BSE on Wednesday, 22 Dec 2021
Metro Brands IPO LISTING GAINS
| Issue Price (adjusted) | 500.0 |
| Listing Open Price | 436.0 |
| Listing Close Price | 317.6 |
| Listing Gain% | -12.8% |
| Current Gain% | 94.5% |
Metro Brands Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Metro Brands Ltd. | 972.5 | 25830.3 | 65.2 | 4.8 | 9 | 20.6 | 10.2 | 2967.8 | 14.1 | 411.2 | 17.3 | 14.9 | 13.7 |
| Relaxo Footwears Ltd. | 423.4 | 10541.3 | 58.8 | 11.2 | 3.9 | 8.1 | 6.1 | 2748.4 | -2.4 | 179.3 | 5.2 | 7.2 | 5.2 |
| Bata India Ltd. | 720.5 | 9260.4 | 69 | -1.2 | 2.6 | 8.4 | 3.6 | 3594.7 | 1.1 | 134.2 | -59.4 | 10.4 | -59.4 |
| Redtape Ltd. | 140 | 7737.6 | 32.2 | 0.8 | 3.2 | 23.6 | 10.4 | 2551.6 | 24.3 | 240.6 | 41.5 | 4.4 | 41.3 |
| Campus Activewear Ltd. | 224.4 | 6858.5 | 44.5 | 1.5 | 3.8 | 16.6 | 10.2 | 1797 | 11.8 | 150.1 | 23.9 | 5 | 30.5 |
| Sreeleathers Ltd. | 216.5 | 501.4 | 17.4 | 0.6 | 2 | 5.8 | 5.4 | 254.6 | 15 | 28.7 | 27.3 | 12.4 | 27.3 |
Metro Brands INFORMATION ON IPO ISSUE
About Metro Brands
Object of the Issue
2. General corporate purposes
Metro Brands - PROMOTERS
| Name |
|---|
| Rafique A. Malik |
| Farah Malik Bhanji |
| Alisha Rafique Malik |
| Rafique Malik Family Trust |
| Aziza Malik Family Trust |
Metro Brands Book Running Lead Managers
Axis Capital Limited
metro.ipo@axiscap.in
Ambit Private Limited
metrobrands.ipo@ambit.co
DAM Capital Advisors Limited
metrobrands.ipo@damcapital.in
Equirus Capital Private Limited
metrobrands.ipo@equirus.com
ICICI Securities Limited
metro.ipo@icicisecurities.com
Motilal Oswal Investment Advisors Limited
metro.ipo@motilaloswal.com
Metro Brands Registrar to the Offer
Link Intime India Private Limited
metrobrands.ipo@linkintime.co.in
Metro Brands Strengths
One of India's largest footwear retailers
Wide range of brands and products
Efficient operating model and asset-light business
Presence across multiple formats and channels
First choice for other national and international third-party brands
Strong promoter background and an experienced management team
Strong track record of growth and profitability
IPO FAQs
This IPO consists of an offer for sale of up to Rs 1,072.5 crore, of 21,450,100 shares. It also consists of a fresh issue of Rs 295.0 crore.
The promoters of the company are Rafique A. Malik, Farah Malik Bhanji, Alisha Rafique Malik, Rafique Malik Family Trust and Aziza Malik Family Trust.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 485.0 - 500.0.
The IPO application opens on Dec 10, 2021 and closes on Dec 14, 2021.
The minimum lot size for the IPO is 30. The maximum lot size for the IPO is 390.
For all category investors, the minimum application amount for this IPO is Rs. 15,000.0, the maximum value for this IPO is Rs 195,000.0.
This IPO will be allotted on Dec 17, 2021.
The refund will be credited to your account on Dec 21, 2021.
The allotted shares will be credited to your demat on Dec 22, 2021.
Metro Brands Ltd.’s shares listed on the stock exchanges on Dec 22, 2021.