- 1 When is Metro Brands Limited IPO Launching?
- 2 Metro Brands IPO Details:
- 3 Metro Brands IPO Tentative Timetable
- 4 Metro Brands IPO Lot Size
- 5 Metro Brands IPO Share Price
- 6 Metro Brands IPO Promoter Holding
- 7 Metro Brands Board of Directors
- 8 Metro Brands IPO Company Financials
- 9 About Metro Brands
- 10 Metro Brands Company Contact Information
- 11 Metro Brands IPO GMP, Kostak, Subject to Sauda Today
- 12 How to Apply for Metro Brands IPO?
When is Metro Brands Limited IPO Launching?
Footwear Retailer Metro Brands IPO opens on Dec 10, 2021, and closes on Dec 14, 2021.
Metro Brands IPO Details:
|IPO Opening Date||Dec 10, 2021|
|IPO Closing Date||Dec 14, 2021|
|Issue Type||Book Built Issue IPO|
|Face Value||₹5 per equity share|
|IPO Price||₹485 to ₹500 per equity share|
|Market Lot||30 Shares|
|Min Order Quantity||30 Shares|
|Listing At||BSE, NSE|
|Issue Size||[.] Eq Shares of ₹5
(aggregating up to ₹1,367.51 Cr)
|Fresh Issue||[.] Eq Shares of ₹5
(aggregating up to ₹295.00 Cr)
|Offer for Sale||21,450,100 Eq Shares of ₹5
(aggregating up to ₹1,072.51 Cr)
|QIB Shares Offered||Not more than 50% of the offer|
|Retail Shares Offered||Not less than 35% of the offer|
|NII (HNI) Shares Offered||Not less than 15% of the offer|
Metro Brands IPO Tentative Timetable
As stated earlier, Metro Brands IPO open date is Dec 10, 2021, and the close date is Dec 14, 2021. The issue may list on Dec 22, 2021.
|IPO Open Date||Dec 10, 2021|
|IPO Close Date||Dec 14, 2021|
|Basis of Allotment Date||Dec 17, 2021|
|Initiation of Refunds||Dec 20, 2021|
|The credit of Shares to Demat Account||Dec 21, 2021|
|IPO Listing Date||Dec 22, 2021|
Metro Brands IPO Lot Size
The Metro Brands IPO market lot size is 30 shares. A retail-individual investor can apply for up to 13 lots (390 shares or ₹195,000).
Metro Brands IPO is a main-board IPO of [.] equity shares of the face value of ₹5 aggregating up to ₹[.] Crores. The issue is priced at [.] to [.] per equity share.
Metro Brands IPO Promoter Holding
Rafique A. Malik, Farah Malik Bhanji, Alisha Rafique Malik, Rafique Malik Family Trust And Aziza Malik Family Trust are the company promoters.
|Pre Issue Share Holding||84.02%|
|Post Issue Share Holding||74.27%|
Metro Brands Board of Directors
Directors of Metro Brands Limited are Arvind Kumar Singhal, Srikanth Velamakanni, Manojkumar Madangopal Maheshwari, Aruna Bhagwan Advani, Vikas Vijaykumar Khemani, Utpal Hemendra Sheth, Rafique Abdul Malik, Farah Malik Bhanji, and Mohammed Iqbal Hasanally Dossani.
Metro Brands IPO Company Financials
|Particulars||For the year/period ended (₹ in Millions)|
|Profit After Tax||430.74||646.19||1,605.75||1,527.31|
About Metro Brands
Set up in 1955, Metro Brands Limited is one of the biggest Indian footwear strength retailers, in India. The company obliges the footwear needs of clients through a wide scope of branded products for the whole family including men, ladies, gender-neutral and kids, and various events. The company focuses on the mid and premium fragments in the footwear market which have a higher presence of organized players and growth in the general footwear industry. A portion of the company’s notable brands incorporates Metro, Mochi, Walkway, Da Vinchi, and J. Fontini, just as specific third-party brands like Crocs, Skechers, Clarks, Florsheim, and Fitflop. Metro Brands likewise offer frill like belts, bags, socks, masks, and wallets, at their stores. The company likewise retails footcare and shoe-care products at their stores through the joint endeavor, M.V. Shoe Care Private Limited. The company follows the “company-owned and company-operated” (COCO) model of retailing through their own Multi Brand Outlets (MBOs) and Exclusive Brand Outlets (EBOs), to deal with their stores.
As of September 30, 2021, the company operated 598 Stores across 136 urban communities spread across 30 states and union territories in India. The company has been upheld by Mr. Rakesh Jhunjhunwala as an investor beginning around 2007.
Metro Brands Company Contact Information
Metro Brands Limited
401, Zillion, 4th Floor,
LBS Marg & CST Road Junction, Kurla (West),
Mumbai- 400 070, Maharashtra, India
Phone: + (91) 22 2654 7700
Metro Brands IPO GMP, Kostak, Subject to Sauda Today
|Date||GMP (in INR)||Kostak (in INR)||Subject to Sauda|
|11 DEC 2021||₹|
|10 DEC 2021||₹|
|09 DEC 2021||₹|
|08 DEC 2021||₹|
|07 DEC 2021||₹|
|06 DEC 2021||₹|
How to Apply for Metro Brands IPO?
You can apply through multiple platforms like Zerodha, Upstox, 5Paisa, ICICI Direct, and Other Websites.
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