Metro Brands IPO is to hit the market on December 10, 2021 and to close on December 14, 2021. Metro Brands IPO to raise around Rs.1367 crores via IPO that comprises fresh issue of Rs.295 crores and offer for sale up to 21,450,100 equity shares of Rs.5 each. The retail quota is 35% while QIB is 50% and HNI is 15%.
Metro
Brands Limited is one of the largest Indian footwear specialty
retailers and is among the aspirational Indian brands in the footwear
category. The company is established in 1995 with having vast experience
in the footwear industry. The company offers a branded product range
for men, women, kids, and unisex for every occasion. Metro Brands is a
one-stop shop for all footwear needs and retailing a wide range of
products. The company operated 586 Stores across 134 cities spread
across 29 states and union territories in India as per 2021 data.
Metmill Footwear Private Limited is the company's subsidiary while one
joint venture, being M.V. Shoe Care Private Limited as well. The company
has an offline and online presence as they are selling their products
via 7 major e-commerce marketplaces. The company offers footwear as well
as accessories like belts, bags, socks, masks, and wallets.
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 IPO Market Lot
The Metro Brands IPO minimum market lot is 30 shares with Rs.15,000 application amount. The retail investors can apply up-to 13 lots, 390 shares with Rs.195,000 application amount.
Metro Brands IPO Date, Time Table, Allotment & Listing
The Metro Brands IPO date is 10 December 2021 and the IPO close date is 14 December 2021. The allotment date is 15 December 2021 and the IPO may list on 20 December 2021.
Metro Brands Company Financial Report
| Rs. in Crores | |||||
| Income | Expense | PAT |
|||
| 2019 | Rs.1237 | Rs.1009 | Rs.153 | ||
| 2020 | Rs.1311 | Rs.1093 | Rs.161 | ||
| 2021 |
Rs.8785 | Rs.794 | Rs.65 | ||
Metro Brands IPO (Current)
GMP - Rs. 40
Kostak-
Subject to Sauda-
Company Promoters
- Rafique A. Malik
- Farah Malik Bhanji
- Alisha Rafique Malik
- Rafique Malik Family Trust
- Aziza Malik Family Trust
Metro Brands IPO Registrar
Link Intime India Private Limited
C-101, 1st Floor, 247 Park,
Lal Bahadur Shastri Marg,
Vikhroli (West),
Mumbai 400 083, Maharashtra, India
Telephone: +91 22 4918 6000
E-mail: metrobrands.ipo@linkintime.co.in
Website: www.linkintime.co.in
Investor grievance e-mail: metrobrands.ipo@linkintime.co.in
Contact person: Ms. Shanti Gopalkrishnan
SEBI Registration No.: INR000004058
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
Company Address
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/
No comments:
Post a Comment