Metro Brands Limited IPO
Mainboard₹15,000 / 30 Shares
Metro Brands Limited IPO Details
The Metro Brands Limited IPO price band is set between ₹485-500 per equity share, with a face value of ₹5 per share. The issue is managed by Link Intime India Private Limited, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 10 Dec, 2021 and closes on 14 Dec, 2021. Investors can check the allotment status on 17 Dec, 2021, while the listing date is tentatively scheduled for 22 Dec, 2021.
The total issue size is Total : 1367.51 Crores, aggregating up to . Stay tuned for the latest Metro Brands Limited IPO review and GMP updates.
Metro Brands Limited IPO Review, Rating & Analysis
Metro Brands Limited IPO Review
NO REVIEWMetro Brands Limited IPO Rating
Metro Brands Limited IPO Highlights
IPO Date
Dec 10, 2021 - Dec 14, 2021
Listing Date
22 Dec, 2021
Face Value
₹5 Per Equity Share
Price Band
₹485-500 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
Metro Brands Limited IPO Lot Size
The minimum market lot for Metro Brands Limited IPO is 30 shares with an application amount of ₹15,000. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 30 | ₹15,000 |
| Retail (Max) | 13 | 390 | ₹1,95,000 |
| S-HNI (Min) | 14 | 420 | ₹2,10,000 |
| S-HNI (Max) | 66 | 1980 | ₹9,90,000 |
| B-HNI (Min) | 67 | 2010 | ₹10,05,000 |
Metro Brands Limited IPO Timeline
Issue Price
₹485-500 per equity shareFace Value
₹5 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LimitedLead Manager
Ambit Private Limited.Axis Capital Limited,DAM Capital Advisors,Equirus Capital Private Limited,ICICI Securities Limited,Motilal Oswal Investment Advisors Pvt LtdIssue Size
Total : 1367.51 CroresMetro Brands Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 21 | 1659.34 | 878.53 | 64.61 | - | - | - |
| 31 Mar 20 | 1617.42 | 1311.06 | 160.57 | - | - | - |
| 31 Mar 19 | 1321.50 | 1236.89 | 152.73 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Rafique A. Malik
- Farah Malik Bhanji
- Alisha Rafique Malik
- Rafique Malik Family Trust
- Aziza Malik Family Trust
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 83.99% | N/A% |
About Company
Metro Brands Ltd is one of the largest Indian footwear speciality retailers, and are among the aspirational Indian brands in the footwear category.Company offers one-stop shop solution for all footwear needs, by retailing a wide range of branded products for the entire family including men, women, unisex and kids, and for every occasion including casual and formal events.Company also sells accessories such as belts, bags, socks, masks and wallets.Company retails footwear under own brands of Metro, Mochi, Walkway, Da Vinchi and J. Fontini, as well as certain third-party brands such as Crocs, Skechers, Clarks, Florsheim, and Fitflop,As of September 30, 2021, the company operated 598 Stores across 136 cities spread across 30 states and union territories in India. The company has been supported by Mr. Rakesh Jhunjhunwala as an investor since 2007.
Metro Brands Limited IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 54,70,020 | 41,02,515 | 95,72,535 | 191,45,070 |
Day 1 -10-12-21 05:00 PM | 0.00 x | 0.03 | 0.52 x | 0.26 x |
Day 2 -13-12-21 05:00 PM | 0.16 x | 0.18 | 0.87 x | 0.52 x |
Day 3 -14-12-21 05:00 PM | 8.49 x | 3.02 | 1.13 x | 3.63 x |
0.95 times
Frequently Asked Questions about Metro Brands Limited IPO IPO
When will Metro Brands Limited IPO open for subscription?
The Metro Brands Limited IPO opens on 10 Dec, 2021 and closes on 14 Dec, 2021.
What is the investors portion for Metro Brands Limited IPO?
The investors' portion for QIB is 8.49 x, NII is 3.02, and Retail is 1.13 x.
How to apply for Metro Brands Limited IPO?
You can apply for Metro Brands Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Metro Brands Limited IPO?
The issue size of Metro Brands Limited IPO is approx ₹Total : 1367.51 Crores crores.
What is the price band of Metro Brands Limited IPO?
The price band for Metro Brands Limited IPO is ₹485 to ₹500 per equity share.
What is the lot size of Metro Brands Limited IPO?
The minimum bid (lot size) for Metro Brands Limited IPO is N/A shares with an investment of approx ₹15,000 .
What is the allotment date of Metro Brands Limited IPO?
The allotment date for Metro Brands Limited IPO is 17 Dec, 2021.
What is the listing date of Metro Brands Limited IPO?
The listing date for Metro Brands Limited IPO is expected to be 22 Dec, 2021.
What is the GMP of Metro Brands Limited IPO?
The latest Grey Market Premium (GMP) for Metro Brands Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.