Metro Brands IPO Closed

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IPO date 10 Dec 2021 – 14 Dec 2021
Listing date 22 Dec 2021
Price range 485 – 500
Minimum order quantity 30
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Metro Brands Ltd. is one of the largest Indian footwear speciality retailers and is among the aspirational Indian brands in the footwear category. They opened their 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 March 31, 2021, the company operated 586 Stores across 134 cities spread across 29 states and union territories in India and had the third-highest number of exclusive retail outlets in India, in Fiscal 2021. The company primarily targets the economy, mid and premium segments in the footwear market. In Fiscal 2019, 2020, and 2021, the company recorded an EBITDA Margin of 27.72%, 27.51% and 21.36%, respectively (on a consolidated basis).

The entire public offer of Metro Brands comprises fresh issue of equity shares aggregating up to ₹250 crores and an offer for sale of 2.19 crore equity shares by the selling shareholders.

Financial Snapshot

Financial Year Ended Revenue (₹ Crores) Profit/Loss for the period (₹ Crores) EPS (₹)
March 2019 1236.89 152.73 5.75
March 2020 1311.06 160.57 6.058
March 2021 878.53 64.61 2.43

IPO Schedule

Issue Period 10th December to 14th December 2021
Finalisation of Allotment 17th December 2021
Initiation of Refunds 20th December 2021
Credit of Shares 21st December 2021
Listing Date 22nd December 2021
Mandate end Date 30th December 2021

How do I apply to the Metro Brands IPO?

You can apply for the Metro Brands IPO using any supported UPI app by following two steps:
  • Enter your bid on Console
  • Accept UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

Where do I check the allotment status for Metro Brands IPO?

You can check the allotment status for the Metro Brands IPO on the website of the Registrar and Transfer agent.

Alternatively, you can also check the allotment status on the NSE website.