Company Highlights

Metro Brands Limited

metro_trands_logo.png

About the Company

Established in 1955, Metro Brands Limited is one of the largest Indian footwear specialty retailers, in India. The company caters to the footwear needs of customers through a wide range of branded products for the entire family including men, women, unisex and kids, and different occasions. The company targets the mid and premium segments in the footwear market which have a higher presence of organized players and growth in the overall footwear industry. Some of the company's well-known brands include Metro, Mochi, Walkway, Da Vinchi, and J. Fontini, as well as certain third-party brands such as Crocs, Skechers, Clarks, Florsheim, and Fitflop. Metro Brands also offer accessories such as belts, bags, socks, masks, and wallets, at their stores. The company also retails footcare and shoe-care products at their stores through the joint venture, 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 manage their stores.


Objective of the Issue

(i)   Expenditure for opening new stores of the company, under the “Metro”, “Mochi”, “Walkway” and “Crocs” brands.
(ii)  General corporate purposes


Business Strategy

(i)   Expand store network in existing and new Indian cities.
(ii)  Leverage our multi-channel platform to pursue new business opportunities.
(iii) Increase contribution of e-commerce and omni-channel sales as a proportion of our sales.
(iv) Expand portfolio of accessories and grow other allied businesses.


Company Promoters

Rafique A. Malik, Farah Malik Bhanji, Alisha Rafique Malik, Rafique Malik Family Trust And Aziza Malik Family Trust are the company promoters.



Financials Highlights


Particulars
March 31, 2021 (Rs. in millions)
March 31, 2020 (Rs. in millions)
March 31, 2019 (Rs. in millions)
Income
8,785.38
13,110.68
12,368.95
Expense
7,940.33
10,926.51
10,087.67
Profit After Tax
646.19
1,605.75
1,527.31
EPS
2.43
6.05
5.75
RoNW (%)
8.24%
19.41%
14.38%



Issue Details

Issue Size (Net)
1367.51 crs
Face Value
5 per equity share
Bid Lot
30
Price Band
485-500
Issue Opening Date
December 10, 2021
Issue Closing Date
December 14, 2021
Listing On
NSE / BSE
Registrar
Link Intime India Private Ltd


Issue Highlights

Fresh Issue
aggregating up to ₹295.00 Cr
Offer For Sale
aggregating up to ₹1,072.51 Cr


IPO Tentative Timetable

IPO Open Date
December 10, 2021
IPO Close Date
December 14, 2021
Basis of Allotment Date
December 17, 2021
Initiation of Refunds
December 20, 2021
Credit of Shares to Demat Account
December 21, 2021
IPO Listing Date
December 22, 2021



Prospectus

Prospectus File

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