Metro Brands Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹-55(-11.00%)
Premium (ELP)
Metro Brands Limited's achieved publicly listed status following its IPO debut on Dec 22, 2021 at the NSE, BSE platform. The offering successfully mobilized 2,73,50,100 Shares, with 59,00,000 Shares allocated to corporate growth initiatives and ₹1072.51 Cr providing liquidity to existing shareholders.
Investment participation occurred within the established price band of ₹485 to ₹500, starting from minimum lots of 30 shares. The subscription window from Dec 10, 2021 through Dec 14, 2021 enabled investor participation across market segments.
Share allocation was completed on Dec 17, 2021, determining ownership distribution among successful applicants. The listing represents a milestone achievement, transitioning the company to regulated public market status with associated responsibilities and opportunities.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Metro Brands Limited, established in 1955, is one of India’s largest footwear retailers, offering a wide range of branded shoes for men, women, kids, and unisex styles for different occasions. The company focuses on the mid and premium segments and features popular in-house brands like Metro, Mochi, Walkway, Da Vinchi, and J. Fontini, along with third-party brands such as Crocs, Skechers, Clarks, Florsheim, and Fitflop. Metro Brands also sells accessories like belts, bags, socks, masks, and wallets, as well as footcare and shoe-care products through its joint venture M.V. Shoe Care Private Limited. The company operates its stores under the company-owned and company-operated (COCO) model through Multi Brand Outlets (MBOs) and Exclusive Brand Outlets (EBOs). As of September 30, 2021, it had 598 stores across 136 cities in 30 states and union territories, and has been backed by investor Rakesh Jhunjhunwala since 2007.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Leading Footwear Retailer: One of India’s largest footwear retail companies.
- Wide Product Range: Offers a broad selection of brands and products.
- Efficient & Asset-Light Model: Operates with a cost-effective and scalable business structure.
- Multi-Channel Presence: Available across various formats and sales channels.
- Preferred Partner: First choice for national and international third-party brands.
- Experienced Leadership: Backed by strong promoters and a skilled management team.
- Proven Growth: Demonstrates a solid track record of profitability and expansion.
NA
- Rafique A. Malik
- Farah Malik Bhanji
- Alisha Rafique Malik
- Rafique Malik Family Trust
- Aziza Malik Family Trust
Metro Brands Limited
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