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Metro Brands Limited IPO : Important Dates and Financial Details

Metro Brands Limited is a footwear company which runs retail stores across India. Its famous brands include Metro, Walkway, Mochi, Da Vinchi, Crocs, Clarks, Fitflop, Skechers etc. Currently the company has 598 Stores in India. The store is present in 30 states across 136 cities. Also the name of ace investor Rakesh Jhunjhunwala has been attached to the company since 2007.

IPO DETAILS

Metro Brands Limited IPO is set to launch on 10th Dec., 2021. The subscription timeline extends till 14th Dec, 2021. The size for the IPO is 1367.51 Crore Rs.. Shares issued through Fresh Issue are worth Rs. 295 Crore Rs. Shares issued through Offer for Sale are worth Rs. 1072.51 Crore. The lot size is 30 shares and the price range is 485 Rs. – 500 Rs./ share. The company is going to get listed at both the exchanges NSE and BSE. The face value per share is Rs. 5 and this is a book built issue. The registrar for the company is Link Intime India Private Limited.

TABULAR REPRESENTATION OF IPO DETAILS

IPO OPENING DATE	10th Dec, 2021
CLOSING DATE FOR IPO	14th Dec, 2021
ISSUE TYPE	Book Built Issue
Face Value per share	5 Rs. per share
IPO price band	485 Rs. – 500 Rs.
LOT SIZE	30 shares
MINIMUM ORDER QUANTITY	30 shares
ISSUE SIZE	1367.51 Crore Rs.
OFFER FOR SALE	1072.51 Crore Rs.
FRESH ISSUE	295 Crore Rs.
LISTING AT	NSE, BSE
LISTING DATE	22nd Dec, 2021

IMPORTANT DATES

IPO OPENING DATE	10th Dec, 2021
CLOSING DATE FOR IPO	14th Dec, 2021
IPO ALLOTMENT DATE	17th Dec, 2021
REFUNDS	20th Dec, 2021
DEMAT A/C CREDITED ON	21st Dec, 2021
IPO LISTING DATE	22nd Dec, 2021

Metro Brands Limited IPO begins for subscription from 10th Dec, 2021. The IPO subscription would continue till 14th Dec, 2021. The allotment status for the shareholders who applied would come on 17th Dec, 2021. The refunds for the ones who did not get allotment would be initiated on 20th Dec, 2021. The DEMAT accounts of shareholders would be credited on 21st Dec, 2021. The listing of the company would be accompanied on 22nd Dec, 2021.

Lead Managers And Promoters

The promoters of the company are Aziza Malik Family Trust, Rafique Malik Family Trust, Alisha Rafique Malik, Rafique A. Malik and Farah Malik Bhanji.

The lead managers are :

Axis Capital Limited
DAM Capital Advisors Ltd.
Ambit Private Limited
Equirus Capital Private Limited
Motilal Oswal Investment Advisors Pvt Ltd
ICICI Securities Limited

The minimum lot size for the company is decided at 30 shares. This holding accounts to 15000 Rs.. The maximum lot size is decided at 390 shares. This amounts to 195000 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	30 shares	15000 Rs
Maximum	390 shares	195000 Rs

OBJECTIVES FOR THE IPO

The funds can be utilised for General corporate purposes.
The expansion plans of the company are the reason for IPO money pooling. New stores would be established under Crocs, Mochi, Walkway and Metro.

COMPANY FINANCIALS

Particulars (in Million Rs.)	2020-21	2019-20	2018-19
ASSETS	16593	16174	13215
REVENUE	8785	13110	12369
NET PROFIT	646	1606	1527

The financial track record can be considered sound as the company has managed to be profitable in COVID situation as well. However the profits have been stable largely and have not increased much. But the assets of the company have been under constant expansion mode. Currently the company is trying to expand its Mochi and Crocs brand. This shows the company’s motives to boost the profit of it. Along with this the revenues have also dampened due to COVID. It is visible in the company’s financial figures. However the company is progressing well and one can think of investing in it. However the best time would be after analysing the one year results of it.