Metro Brands Limited IPO Detail, Metro Brands IPO

Metro Brands Limited IPO Detial, Metro Brands IPO,

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Company All Details

Founded

1977

Managing Director

Managing Director of The Company, NamelyFarah Malik Bhanji.

Company Promoters:

Promoters of the Company, Namely, Rafique A. Malik, Farah Malik Bhanji, Alisha Rafique Malik, Rafique Malik Family Trust and Aziza Malik Family Trust.

About the company.

It is one of the largest Indian footwear specialty retailers, and are among the aspirational Indian brands in the footwear category. It opened its first store under the Metro brand in Mumbai in 1955, and have since evolved into a one-stop shop 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. As of September 30, 2021, it has operated 598 Stores (as defined below) across 136 cities spread across 30 states and union territories in India.

In Fiscal 2019, 2020, and 2021 and in the six months ended September 30, 2020 and September 30, 2021, the company has recorded an EBITDA Margin of 27.72%, 27.51%, 21.36%, (7.57)% and 24.43%, respectively (on a consolidated basis).

Metro Brands Limited (“Company” or “Issuer”) was originally incorporated as “Metro Shoes Private Limited”, a private limited company under the Companies Act, 1956 on January 19, 1977, at Mumbai, Maharashtra.

The name of our Company was subsequently changed to “Metro Shoes Limited” on May 18, 1992 upon conversion into a deemed public company. Thereafter, our Company was converted into a private limited company and the name was changed to “Metro Shoes Private Limited” with effect from October 16, 2002.

Subsequently, the name of our Company was again changed to “Metro Shoes Limited” pursuant to a special resolution passed by the shareholders of our Company on March 21, 2007. A fresh certificate of incorporation consequent to change of name was issued by the RoC on May 14, 2007.

Thereafter, the name of our Company was further changed to “Metro Brands Limited” pursuant to a special resolution passed by the shareholders of our Company on August 3, 2018. A fresh certificate of incorporation pursuant to change of name was issued by the RoC on September 6, 2018. For further details in relation to change in name and Registered Office of our Company, see “History and Certain Corporate Matters”

Objects Of The Offer:

1. Expenditure for opening new stores of the Company, under the “Metro”, “Mochi”, “Walkway” and “Crocs” brands: 225 Cr.
2. General corporate purposes* [●]

Metro Brands Limited IPO Details:

Issue Amount : Upto Rs 1,367.51 Cr
Post Issue Implied Market Cap: Upto ₹# Cr at Upper band
Total shares on offer : Upto #21,450,100 Equity Shares
Face Value : ₹5 per share
Price Band : ₹485 to ₹500
Lot Size : 30 shares
IPO Registrar : Link Intime India Private Limited.

Metro Brands Limited IPO Timeline, IPO Open Date, Listing Date, Refund Date

IPO Open Date	Dec 10, 2021
IPO Close Date	Dec 14, 2021
Time	10 AM to 5 PM
Basis of Allotment Date	Dec 17, 2021
Initiation of Refunds	Dec 20, 2021
Credit of Shares to Demat Account	Dec 21, 2021
IPO Listing Date (Trading commence) NSE & BSE	Dec 22, 2021

Offer Breakup

Category	Allocation
Qualify Institutional Bidders (QIB)	50%
Non Institutional Byers (NIB)	15%
Retail Individual Investor (RII)	35%
Employee	–

Important Financial Data:

For the year/period ended (₹ in Crore) Last Three Year

Particulars (in ₹ Crore)	As at March 31, 2021	As at March 31, 2020	As at March 31, 2019
Total Assets	1,659	1,617	1,322
Total Revenue	879	1,311	1,237
Net Profit & Loss for the period	65	161	153

Prospectus Document:

Download RHP File

Download DRHP File

What is Metro Shoe IPO?

Issue Amount : Upto Rs 1,367.51 Cr.

What is Metro Brands IPO?

Issue Amount : Upto Rs 1,367.51 Cr.

Metro Brands Limited IPO Open?

10 Dec 2021 to 14 Dec 2021.

Metro Brands Limited IPO Open?

Dec 10 2021 to Dec 14 2021.

Registered Office

401, Zillion, 4th Floor, LBS Marg & CST Road Junction,
Kurla (West), Mumbai- 400 070, Maharashtra, India; Tel: + (91) 22 2654 7700
Contact Person: Tarannum Yasinhusein Bhanpurwala,
Company Secretary and Compliance Officer; Tel: + (91) 22 2654 7700
E-mail: investor.relations@metrobrands.com;
Website: www.metrobrands.com;
Corporate Identity Number: U19200MH1977PLC019449

How to apply on Zerodha, Metro Brands IPO through Zerodha?

Zerodha customers can apply online in Tarsons Products IPO using UPI as a payment gateway. Zerodha customers can apply in Metro Brands Limited IPO by login into Zerodha Console (back office) and Select an I.P.O application form.

Steps to apply in Metro Brands Shoe IPO through Zerodha.
1. Visit the Zerodha website or Kite App and login to Zerodha.
2. Go to Console area and click the IPOs link.
3. Go to the ‘Metro Brands Limited IPO’ row and click the ‘Bid’ button.
4. Enter your UPI ID, Quantity, and Price.
5. ‘Submit’ IPO application form.
6. After Successfully submitting application, Visit the UPI App and approve the mandate (Enter your UPI pin & pay the ipo amount)
7. IPO application is complete you can chek status on zerodha console.