Metro Brands Ltd IPO- 10th December, 2021

Metro Brands Ltd IPO- 10th December, 2021

Company Background

Metro brands is one of the largest Indian footwear speciality retailers, and are among the aspirational Indian brands in the footwear category. The company 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.
  
Business Information

The company has a very customer centric loyalty program called including Club Metro, My Mochi and Crocs Club. Club Metro has 4.85 million members as of FY21, My Mochi has 3.29 million members in FY21. The Crocs Club membership was launched very recently in FY20 and has a current membership of 0.45 million. 
 
Facts about the company
  • The company needs to keep an eye out and promptly identify any new trends or preferences of the customers, and act on it immediately
  • The company has a good and long standing relationship of over two decades, with all its vendors. 
  • The footfall could be affected by any negative perception of the people about the brand or the lack of awareness regarding the brand
 
Points to note before investing in  
  • It is the partner of choice for third party brands who are looking to expand their operations in India.
  • Metro Brands is one of the largest footwear companies in the country with a pan-India presence. 
  • They have third highest number of retail stores in India, as of FY21
  • Strong promoter background and an experienced management team
  • Strong track record of growth and profitability
  • Efficient operating model and asset-light business
 

IPO Opening Date
Dec 10, 2021
IPO Closing Date
Dec 14, 2021
Issue Type
Book Built Issue IPO
Face Value
₹5 per equity share
IPO Price
₹485 to ₹500 per equity share
Market Lot
30 Shares
Min Order Quantity
30 Shares
Listing At
BSE, NSE
 
Allotment, Listing and Refunds details

Basis of Allotment Date
Dec 17, 2021
Initiation of Refunds
Dec 20, 2021
Credit of Shares to Demat Account
Dec 21, 2021
IPO Listing Date
Dec 22, 2021
 
 
Know more-  www.5paisa.com/ipo
 
To apply from 5paisa Website- Apply IPO
 
To apply from 5paisa Mobile App- Apply IPO
 
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