Metro Brands Limited IPO(Metro Brands IPO)

Metro Brands IPO 2021
Upcoming Metro Brands IPO | New Metro Brands IPO

Metro Brands Limited established their first Metro store in Mumbai in 1955, and since then, they’re  grown into a one-stop shop for all footwear requirements, selling a comprehensive selection of branded items for men, women, unisex, and kids, as well as for any occasion including casual and formal occasions.

Their Company operates 586 Stores (as described below) in 134 cities across 29 Indian states and union territories as of March 31, 2021. Between Fiscal 2020 and 2025, they plan to focus on the economy, mid, and premium sections of the footwear market. These Sections are anticipated to develop at a faster rate than the overall footwear industry.  There are more organised participants in these segments.

Metro Brands Limited had the third-highest number of exclusive retail locations in India in Fiscal 2021. They had an EBITDA Margin of 27.72 percent, 27.51 percent, and 21.36 percent in Fiscal 2019, 2020, and 2021, respectively. In Fiscal 2019, 2020, and 2021, they had Realization per Unit of 1,321.29, 1,345.80, and 1,327.96, respectively, based on revenue from Total Product Sales divided by volume of Total Product Sales. From Fiscal 2019 to Fiscal 2021, they had the best Realization per Unit of the two top players in India. They have the best operating margins among India’s major companies in Fiscal 2020. In addition, they had the best net profit margin of 8.1 percent among footwear companies in 2021.

Metro Brands IPO

Competitive 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

Company Promoters

  • Rafique A. Malik,
  • Farah Malik Bhanji,
  • Alisha Rafique Malik,
  • Rafique Malik Family Trust
  • Aziza Malik Family Trust

Company Financials

ParticularsFor the year/period ended ( in Cr.)
31-Mar-2131-Mar-2031-Mar-19
Total Assets1,659.341,617.421,321.51
Total Revenue878.541,311.071,236.90
Profit After Tax64.62160.58152.73

Objects Of The Issue

  • Prepayment / repayment of all or a portion of the outstanding borrowings of the company to be availed on consolidated basis.
  • To meet common corporate objectives.
Metro Brands IPO Object Of The Issue

Metro Brands IPO Peer Comparison

S. No.Face ValueCompany NamePE
15Bata India LimitedN/A
21Relaxo Footwears Limited99.07

Metro Brands IPO Risk

  • The ongoing COVID-19 epidemic has had a substantial impact on their business, especially now and in the future.
  • They may not be effective in maintaining and increasing brand visibility.
  • All of their stores and warehouses are leased spaces.
  • For the production of all of the items they sell, they rely on third parties.
  • The selling of third-party brands accounts for a major amount of their revenue.
  • Their company, directors, and promoters are the subject of ongoing legal actions. Any negative conclusion in these proceedings might have a negative impact on their company.
  • Breakdowns in technology might interrupt their operations and have a negative impact on its company operations and financial condition.

Other Threats

  • The rise of internet merchants may put pressure on prices, increase competition, and have a negative impact on their business.
  • They may be unable to expand their business in semi-urban regions, which might be negative to their company.
  • They work in a competitive market, and any rise in competition might hurt their bottom line.
  • No impartial body has assessed their financial needs or the anticipated distribution of Net Proceeds.
  • With the majority of their vendors, they do not have formal agreements or set conditions of trade.
  • Their transportation requirements are met by other parties.
  • Seasonality is a factor in their business. Lower revenues over the holiday season of any fiscal year may have a negative impact on their company.

Metro Brands IPO – Details

IPO Opening Date10 December 2021
IPO Closing Date14 December 2021
Issue TypeBook Built Issue IPO
Issue Size₹ 1367.51 Crore
Face Value₹5 per equity share
IPO Price₹ 485 To ₹ 500 Per Equity Share
Market Lot30 Shares ( 1 Lot)
Min Order30 Shares
Listing AtBSE, NSE
RegisterLinkIntime India Private Limited

Metro Brands IPO – Date Schedule

IPO Open Date10 December 2021
IPO Close Date14 December 2021
Basis of Allotment Date17 December 2021
Initiation of Refunds20 December 2021
Credit of Shares to Demat Account21 December 2021
IPO Listing Date22 December 2021

Metro Brands IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Minimum13015,000
Maximum133901,95,000

Promoters Holding

Pre Issue Share Holding83.99%
Post Issue Share Holding

Metro Brands IPO Prospectus

Company Contact Information

Metro Brands Limited

401, Zillion, 4th Floor,
LBS Marg & CST Road Junction
Kurla (West), Mumbai- 400 070,
Maharashtra, India

Tel: + (91) 22 2654 7700
E-mail: investor.relations@metrobrands.com
Websitewww.metrobrands.com

Metro Brands IPO Registrar

Link Intime India Private Limited

C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West,
Mumbai 400 083
Maharashtra, India

Tel: +91 22 4918 6200
E-mail: metrobrands.ipo@linkintime.co.in
Website: www.linkintime.co.in

Metro Brands IPO Lead Manager(s)

1. Axis Capital Limited
2. Ambit Private Limited
3. ICICI Securities Limited
4. DAM Capital Advisors Limited
5. Equirus Capital Private Limited
6. Motilal Oswal Investment Advisors Limited

Metro Brands IPO FAQs

When Metro Brands IPO will open?

The Metro Brands IPO dates are 10 December 2021 To 14 December 2021.
What is the lot size of Metro Brands IPO?

Metro Brands IPO lot size is 30 Shares Shares and total amount is ₹ 15,000.
How to apply for Metro Brands IPO?

You can apply in Metro Brands IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services.
When is Metro Brands IPO listing date?

The Metro Brands IPO listing date is announced. The date of Metro Brands IPO listing is 22 December 2021.

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