Metro Brands is planning an IPO to raise funds to expand its brands. It is an Indian footwear specialty retailer established in 1955 with 598 stores across 136 cities. The IPO will involve a fresh issue of Rs. 2,295 crores of equity shares priced between Rs. 485 to Rs. 500, as well as an offer for sale of Rs. 1,072.51 crores. Key strengths of the company include its portfolio of well-known brands, asset-light business model, and ability to cater to customers across price segments in the growing Indian footwear market.

1. METRO BRANDS IPO

2. About the company
Details of IPO
1
2
3
4
TABLE OF
CONTENTS
Corporate governance
IPO Tentative Schedule
5 Merits of the company

3. About the Company
• Established in 1955
• Indian footwear specialty retailers 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
• 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
• company's well-known brands include Metro, Mochi,
Walkway, Da Vinchi, and J. Fontini
• Peers- Crocs, Skechers, Clarks, Florsheim, and Fitflop

4. • Apart from footwear also deals in accessories such as belts,
bags, socks, masks and wallets at their stores
• The company also retails footcare as well as shoe- care
products at their stores through their joint venture MV Shoe
Care Private Ltd
• It operates as a company owned as well as company operated
model of retailing
• The company operated 598 stores across 136 cities in India

5. Corporate Governance
Promoters are Rafique Malik, Farah Malik Bhanji, Alisha R
Malik, Rafique Malik family trust and Aziza Malik family trust

6. Details about IPO
• Objective is Expansion of Brands
• Issue size of the IPO- Equity shares of Rs.5 per share
aggregating to Rs.1367.51crores
• Of which Fresh issue is of Rs.2 295 crores i.e 59000000
shares
• And balance represented offer for sale of Rs.1072.51
crores
• IPO Price band lies between Rs 485 to Rs 500 per share
• Market lot size =30 shares which is the minimum order
quantity

7. • Offer for sale comprises of 50% of shares offered by QIB’s
of which 35% of shares offered by retail investors and
balance by HNI investors
• The IPO has been subscribed by 1.13 times in retail
category, 8.49 times in QIB category and 3.02 times in NII
category.
• Pre IPO share holding is 84.02%and post IPO share holding
is 74.27%

8. IPO Tentative Schedule
IPO Opening
Date-
10/12/2021
IPO Closing
Date-
14/12/2021
Allotment
Date-
17/12/2021
Initiation of
refunds-
20/12/2021
Crediting shares
to demat
account-
21/12/2021
IPO listing date-
22/12/2021

9. Some Merits of the Company
• Footwear is one of the necessities of human which
indicates that the business will sustain in every situation
• The company offers brands that are quite humile offering
to cater to the needs of different classes of customers
• Company operates on asset light model which would
assist in rendering positive earnings.
• Covid Impact has enabled customers to switch their
demands from foreign offerings to domestic offerings
thereby encouraging Indian Products so there is quite a
good way ahead for the company!

10. THANKS