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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Metro Brands Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹500
Per ShareLot Size
30 Shares
Minimum Investment
₹15,000
Issue Size
₹1,335.33 Cr
Face Value
₹5
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
68.43%
Promoter Holding (Post-Issue)
68.43%
Issue Type
Book Building
ISIN
INE317I01021
Metro Brands Limited is an Indian footwear retailer targeting the economy, mid and premium segments in the footwear market. The Company opened its 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 September 30, 2021, the Company operated 598 Stores across 136 cities spread across 30 states and union territories in India.
The Indian footwear industry has witnessed increased activity over the last few years, with changing consumer attitude towards footwear. The footwear segment comprises approximately 1.5% share of total retail industry and is estimated at RS. 1 trillion as of Fiscal 2020. The segment is expected to grow in the coming years to reach an estimated Rs. 1.4 trillion by Fiscal 2025, growing at a CAGR of approximately 21% between Fiscals 2021 and 2025.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offering of 27,350,100* equity shares of face value of Rs. 5 each ("Equity Shares") of the company for cash at a price of Rs. 500 per equity share (including a share premium of Rs. 495 per equity share) ("Offer Price") aggregating to Rs. 1367.51 crores (The "Offer") comprising a fresh issue of 5,900,000* equity shares aggregating to Rs. 295.00 crores by the company (The "Fresh Issue") and an offer for sale of 21,450,100* equity shares aggregating to Rs. 1072.51 crores by the selling shareholders comprising 13,015,000 equity shares aggregating to Rs. 650.75 crores by the promoter selling shareholders, 8,427,000 equity shares aggregating to Rs. 421.35 crores by the promoter group selling shareholders and 8,100 equity shares aggregating to Rs. 0.41 crores by the other selling shareholder (together the "Offer for Sale"). The offer would constitute 10.07 % of the post-offer paid-up equity share capital. *Subject to the finalisation of the basis of allotment. The offer price is 100 times the face value of the equity shares. Bids can be made for a minimum of 30 equity shares and in multiples of 30 equity shares thereafter.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Metro Brands Limited was originally incorporated as "Metro Shoes Private Limited", a private limited company under the Companies Act, 1956 on January 19, 1977, at Mumbai, Maharashtra. The name of the Company was subsequently changed to "Metro Shoes Limited" on May 18, 1992 upon conversion into a deemed public company. Thereafter, the Company was converted into a private limited company and the name was changed to "Metro Shoes Private Limited" with effect from October 16, 2002. Subsequently, the name of the Company was again changed to "Metro Shoes Limited" pursuant to a special resolution passed by the shareholders of the Company on March 21, 2007. A fresh certificate of incorporation consequent to change of name was issued by the RoC on May 14, 2007. Thereafter, the name of the Company was further changed to "Metro Brands Limited" pursuant to a special resolution passed by the shareholders of the Company on August 3, 2018. A fresh certificate of incorporation pursuant to change of name was issued by the RoC on September 6, 2018.
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.