Metro Brands IPO Price, GMP, Kostak, Review, Dates

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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 Share Price

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)
30-Sep-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 17,396.06 16,593.40 16,174.23 13,215.06
Total Revenue 4,892.68 8,785.38 13,110.68 12,368.95
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
Email: investor.relations@metrobrands.com
Website: https://metrobrands.com/

Metro Brands IPO GMP, Kostak, Subject to Sauda  Today

Date GMP (in INR) Kostak (in INR) Subject to Sauda
HNI COST
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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