Metro Brands IPO

Metro Brands Ltd.

₹14,550 /30 sharesMinimum Investment

Metro Brands IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
10 Dec ‘21 - 14 Dec ‘21₹14,55030₹485 - ₹500
Issue SizeIPO Doc
1367.50Cr
RHP PDF

Subscription Status As on 14 Dec '21, 5:00 PM

  • Retail Individual Investor
    1.13x
  • Non-Institutional Investor
    3.02x
  • Qualified Institutional Buyers
    8.49x

About Metro Brands

Metro Brands is one of the largest Indian footwear specialty retailers, and is among the aspirational Indian brands in the footwear category. It has a wide range of branded products. The company retails footwear under its own brands of Metro, Mochi, Walkway, Da Vinchi, and J. Fontini, as well as certain third-party brands such as Crocs, Skechers, Clarks, Florsheim, and Fitflop, which complement its in-house brands. As of September 30, 2021, the company had around 598 stores across 136 cities in India.;
Parent Organisation
Metro Brands Ltd.
Founded
1977
Managing Director
Farah Malik Bhanji
Metro Brands IPO Review, Date, Price, Details | Metro shoes IPO | Upcoming IPO 2021

Strengths & Risks

  • One of the largest pan India footwear retailers with a brand appeal among aspirational consumer segments in the fast-growing footwear retail industry.
  • Wide range of brands and products catering to all occasions across age groups and market segments resulting in strong customer loyalty.
  • Efficient operating model through deep vendor engagements.
  • Asset-light business with an efficient operating model leading to sustained profitable growth.
  • Presence across multiple formats and channels.
  • Platform of choice for third-party brands looking to expand in India.
  • Strong promoter background and an experienced and entrepreneurial management team with a proven track record and a high degree of employee ownership.
  • Cumulative cost of the total number of stores opened by the company across regions may not be indicative of the market capitalization of the company.
  • Inability to identify customer demand accurately and maintain an optimal level of inventory in its stores.
  • Inability to promptly identify and respond to changing customer preferences or evolving trends.
  • Any deterioration in public perception of its brands.
  • Inability to effectively manage or expand its retail network and operations or pursue its growth strategy.
  • Failure to renew the leases or manage lease costs of premises of its stores and warehouses.
  • Dependency on third parties for manufacturing all the products that the company sells.
  • Failure to obtain, renew, or maintain the required regulatory and statutory permits.

Financials

*All values are in Rs. Cr
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