Metro Brands Limited IPO
Metro Brands Limited IPO
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Metro Brands Limited's achieved publicly listed status following its IPO debut on 22-12-2021 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 10-12-2021 through 14-12-2021 enabled investor participation across market segments.
Share allocation was completed on 17-12-2021, 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 IPO About Company
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."
Metro Brands IPO Strength Factors
- 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.
Metro Brands IPO Risk Factors
NA
Metro Brands IPO Lead Manager(s)
- Ambit Private Limited
- Axis Capital Limited
- Dam Capital Advisors Limited
- Equirus Capital Private Limited
- ICICI Securities Limited
- Motilal Oswal Investment Advisors Limited
Metro Brands IPO Promoter(s)
- Rafique A. Malik
- Farah Malik Bhanji
- Alisha Rafique Malik
- Rafique Malik Family Trust
- Aziza Malik Family Trust
Metro Brands IPO FAQs
Metro Brands Limited IPO subscribed 0 times. The public issue subscribed -- times in the retail category,--times in QIB, and -- times in the HNI (10+) category byDecember 19, 2025 9:56:17 AM (Day 19).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Metro Brands IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Metro Brands IPO FAQs
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