Metro Brands Ltd. IPO
Metro Brands Ltd.
IPO Listing Details
Listed On
BSE & NSE
Listed On
Issue Price
₹500
Issue Price
Listing Price
₹436
Listing Price
Listing Gains
-₹64.00 (-12.80%)
Listing Gains
IPO Details
Bidding Dates
10 Dec - 14 Dec '21
Bidding Dates
Min. Investment
₹14,550
Min. Investment
Lot Size
30.00
Lot Size
Price Range
₹485 - ₹500
Price Range
Issue Size
1,326 Cr
Issue Size
Subscription Rate
- Retail Individual Investor1.13x
- Non-Institutional Investor3.02x
- Qualified Institutional Buyers8.49x
- Employees
About Company
Metro Brands is an Indian footwear shop that caters to the budget, mid-range, and high-end markets. The Metro Brands Limited IPO is worth INR 1,368 crore in total, with an offer for sale worth INR 1,073 crore and a fresh issuance at INR 295 crore. The revenues will be used to open new stores, according to the corporation. The company is funded by Rakesh Jhunjhunwala, a well-known Indian investor who bought a share in the company in 2007 through his wife.
Retail activities are handled by the company's stores and distributors, as well as through internet channels. It had 598 outlets in 136 locations across 30 states and union territories in India as of September 30, 2021. All of Metro Brands' products are sourced through outsourcing agreements. The majority of the company's in-house products are sourced from India, with the remainder coming from nations such as Brazil and China.
Why should you invest in Metro Brands Ltd. IPO?
One of the largest footwear retailers in India with a well-known brand.
Various age groups and market segments have a wide choice of products to cater to all situations.
Long-term vendor relationships have resulted in an efficient operating model.
With 598 locations in 136 cities, the company has a strong market presence.
Promoters and management staff with years of experience and professionalism.
Proven track record of revenue and profit growth.
Financial Snapshot
-
Details (Amounts in Millions)March, 2021March, 2020
-
Revenue8,00112,851.62
-
Profit Before tax845.052,184.17
-
Profit After Tax664.651,612.16
-
EPS2.436.05
Important Dates
-
IPO Starts On10 December, 2021
-
IPO Ends On14 December, 2021
-
Allotment Date17 December, 2021
-
Refund Date20 December, 2021
-
Listing Date22 December, 2021
Metro Brands Ltd. IPO - SWOT Analysis
Strengths:
Metro Brands is a well-known Indian footwear company that upholds solid values. Private labels are created in-house for affordability. Every well-known brand can be found at any Metro store. It has a nationwide network of exclusive Metro showrooms in over 150 prominent sites across India's 30+ cities. The product variety has been expanded thanks to a strong focus on innovation. By enlisting celebrities, Metro Brands has focused on good advertising and branding.
Weaknesses:
Since it only uses company-owned models, expansion is delayed. Also, Metro Brands has a small international footprint.
Opportunities:
Metro Brands should expand both in India and internationally. Tie-ups with worldwide brands or implementing the franchising model can be done to increase the accessory industry collectively.
Threats:
Metro Brands' sales may be harmed as a result of increased privatization by international players. Brands offered on bargain deal sites, which have an impact on its in-house private labels Style's USP is that it's affordable. Genuine clients may be harmed by fake imitations.
A competitive analysis
One of India's largest specialist footwear retailers, having a high-end image.
Own brands like Metro and Mochi are available, as well as luxury third-party brands like Crocs, Skechers, and Clarks.
With the company now being managed by the third generation of promoters, the company has a strong promoter history.
Without owning a manufacturing site, it operates on an asset light model, outsourcing all of its products.
Among competitors such as Bata India, Liberty Shoes, and Relaxo Footwear, it had the greatest unit realization.
A well-distributed revenue base, with metros, tier 1 cities, and tier 2 cities each providing roughly 30% of total income.
How to apply for Metro Brands Ltd. IPO?
You can apply for the Metro Brands Ltd. IPO in these ways:
UPI
Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.
Demat Account
1. If you are an Existing TradeSmart demat account holder and wish to apply for an Metro Brands Ltd. click here.
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