Metro Brands IPO analysis @ Chanakyanipothi.com , India`s Oldest & most Trusted Investment Blog.Operational since 8th December 1999, We are the Only Investment Platform in India, which has successfully completed 21 Years

Metro Brands IPO listing estimate : In spite of strong player in retail sector , Metro Brands IPO received not so encouraging response from the investors and the grey market fancy for this IPO has been very low. The scrip is feared to list in negative on 22 Dec and yet if you have been alloted  shares, we believe, it will give good returns as medium to long term investment. Hold
Metro Brands Anchor Investors : Rakesh Jhunjhunwala-backed fashion footwear Gaint Metro Brands on December 9 raised Rs 410.25 crore from 28 anchor investors, ahead of its public issue, which opens on 10th Dec 2021. Read More

Metro Brands IPO Guidance : The company commands solid brand value in fashion & Premium footwear retail. The Balance sheet is very strong and there is no debt since many years. The Operating profit ratio is very high. The subscription to the IPO is recommended with the objective of Listing gains as well as from long term investment angle

Metro Brands Grey Market News Today #
On 22.12.2021
Grey Market Premium Rs. (-) 55 buying
Lageli : not started

Metro Brands Subscription Trend
On 14.12.2021 @ 5.00 pm
QIB 5470020  Sh 8.49 T
NII 4102515 Sh, 3.02 T
Interest cost @ 8.50% Rs. 2.45
RII 9572535 Sh 1.13 T
Tot: 1914570 Sh 3.64T

Metro Brands Company Details
Metro Brand is one of the largest Indian footwear speciality retailers, and are among the aspirational Indian brands in the footwear category . It 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 March 31, 2021, the Company operated 586 Stores across 134 cities spread across 29 states and union territories in India.
The Company had the third highest number of exclusive retail outlets in India, in Fiscal 2021
The Company recorded the highest Realization per Unit compared to the two leading players in India from Fiscal 2019 to Fiscal 2021 and in Fiscal 2020 it recorded the highest operating margins among the key players in India. 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. The company also offer accessories such as belts, bags, socks, masks and wallets, at its stores.
Its retail operations are carried out through its stores and distributors as well as through online channels. The Company and its Subsidiary Metmill also operate shop-in-shops (“SIS”) in major departmental stores across India. for more information, click : www.metrobrands.com

The Promoters of Metro Brands
Rafique A. Malik,Farah Malik bhanji,Alisha Rafiqe Malik, Rafique Malik Family Trust & Aziza Malik Family Trust

Metro Brands IPO Main Objects
The Offer comprises of the Fresh Issue and an Offer for Sale.
The Company proposes to utilise the Net Proceeds towards funding the following objects:
Expenditure for opening new stores of the Company, under the “Metro”, “Mochi”, “Walkway” and “Crocs” brands

Metro Brands IPO Details
IPO opens on 10 Dec, 2021
IPO closes on 14 Dec,2021
Issue Type: Book Built Issue IPO
Issue : up to 27250100 Shares /Rs 1340.50 Crore
* Fresh Issue of 5800000 Sh/ Rs. 290 Cr
* Offer for Sale Up to 21,450,100 Sh/ Rs. 1050.50 Cr

Face Value per share : Rs. 5

Metro Brands IPO Price Band Per Equity Share: Rs. 485 to 500
Metro Brands IPO Retail Lot Size 30 Shares
Metro Brands Listing will at BSE,NSE

Shares offered to
QIB (50%) 13625050 Shares = Rs 670.25 Cr
NII (15%) 4087515 Shares = Rs 201.07 Crs
RII (35%) 9537535 Shares = Rs 469.18 Crs
Lot size: 30 Shares = 317917 Forms
Min Retail Application : (?) Sh , Rs. (?)
Max Retail Application : (?) Sh, Rs (?)

Metro Brands IPO Tentative timeTable
Metro Brands IPO Allotment on 17 Dec 2021
Unblocking of ASBA 20 Dec 2021
Credit to Demat Accounts 21 Dec 2021
Data Patterns Listing on 22 Dec 2021

Metro Brands IPO Financial Details :
Earnings per Share 2019-20 Rs 6.05
Earnings per Share 2020-21,Rs 2.43
Earnings per Share 2021-22 6M Rs 1.62
Book Value of the Share as on 31.3.2021 Rs 31.17
Book Value of the Share after the IPO Rs 41.93
Return on Net Worth: 19-20 19.41 %
Return on Net Worth: 20-21: 8.24 %
Return on Net Worth: 20-21 6M : 4.94 %
Upper Price Band/last EPS: 199.59
Upper offer price/Book Value Ratio: 16.04
Upper offer price/BV after IPO Ratio: 11.92

Metro Brands IPO Peer Comparison:
Bata India @ PE Multiple of N.A.
Relaxo Footwears @ PE Multiple of 118.81

Metro Brands IPO Lead Managers 
Axis Capital,Ambit Pvt ltd, DAM Capital Advisors Equiras Capital, ICICI Securities , Motilal Oswal Investment Advisors

Registrar to Metro Brands IPO
Linkin Time Pvt ltd

Registered Office of Metro Brands
401, Zillion, 4th Floor, LBS Marg & CST Road Junction, Kurla (West), Mumbai- 400 070,
Company Secretary and Compliance Officer : Tarannum Yasinhusein [email protected]

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