Metro Brands Ltd. IPO

One of the largest Indian footwear speciality retailers, and are among the aspirational Indian brands in the footwear category. It owns brands like Metro, Mochi, Walkway, Da Vinchi and J. Fontini, as well as certain third-party brands such as Crocs, Skechers, Clarks, Florsheim, and Fitflop.

RHP
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DRHP
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Open Date

2021-12-10

Close Date

2021-12-14

Company Financials

You can get the following financial statements of Metro Brands Ltd. as of now.

Subscription Details

The details about the Metro Brands IPO is as:

  • The issue size of the IPO is 1367.5 Cr.
  • The price band ranges from Rs 485 to Rs 500.
  • The shares of Metro Brands ltd will list on 22nd December 2021.
  • The latest tentative GMP of Metro Brands IPO is Rs 20.
  • The share of Metro Brands IPO is subscribed 3.64 Times as of 14th December 2021.

Metro Brands IPO Valuation

The approx valuation of Metro Brands IPO based on its price band and DRHP/RHP is:

Particulars Value
Upper Price Band Rs 500
Existing Shares (Qty) 26.56 Cr
Fresh Issue 295 Cr
Market Cap 13,575 Cr
EPS (FY21) Rs 2.43
PE Ratio 205.7x

 

Metro Brands IPO Issue Size

Metro Brands IPO issue details:

Issue Amount
Fresh Issue 295 Cr
Offer For Sale (qty) 2.14 Cr shares

 

Metro Brands Market Lot

An Individual can apply for a minimum 1 lot of 30 shares and a maximum of 13 lots of 390 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 30 Rs 15,000
 Maximum 13 390 Rs 1,95,000

 

Metro Brands IPO Share Offer

The share of Metro Brands IPO is subscribed 3.64 Times as of 14th December 2021. It is OverSubscribed as of now. The category-wise subscription is as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 8.49 Times
Non-Institutional Minimum 15% 3.02 Times
Retail Individual Minimum 35% 1.13 Times
Total   3.64 Times

 

Metro Brands IPO Grey Market Premium

As on GMP (Tentative)
12 December 2021 Rs 30
13 December 2021 Rs 25
14 December 2021 Rs 20
15 December 2021 Rs 15
16 December 2021 Rs 20

It is purely for informational purposes and invest in an IPO after thoroughly researching on your own.

 

Allotment Details

Find below the dates for Metro Brands IPO:

Schedule Date
Basis of Allotment 17 December 2021
Refunds 20 December 2021
Credit to Demat Account 21 December 2021
IPO Listing Date 22 December 2021

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 1154.96 1209.63 788.74 1312.41 2051.84
Total Expenditure 926.34 869.16 610.77 909.11 1371.47
Operating Profit 228.62 340.47 177.98 403.3 680.37
Other Income 17.93 25.39 78.54 58.38 54.75
Interest 0.4 38.85 44.17 50.31 61.61
Depreciation 22.29 119.93 121.21 133.83 175.22
Exceptional Items 0 0 0 0 0
Profit Before Tax 223.87 207.08 91.14 277.54 498.3
Provision for Tax 76.03 55.2 18.61 69.9 125.12
Net Profit 147.84 151.88 72.52 207.64 373.18
Adjusted EPS (Rs.) 0.56 0.57 0.27 0.76 1.37

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 132.77 132.77 132.77 135.75 135.87
Total Reserves 531.78 647.25 671.88 1102.14 1397.1
Borrowings 0 0 0 0 0
Other N/C liabilities 7.26 446.33 472.71 576.35 766.93
Current liabilities 212.1 268.93 318.57 418.5 470.51
Total Liabilities 883.91 1495.27 1595.92 2232.74 2770.41
Assets
Net Block 221.83 704.9 722.03 846.61 1109.33
Capital WIP 3.03 12.9 4.22 5.58 17.1
Intangible WIP 1.03 0.13 0.33 0.62 0.74
Investments 5.04 5.04 5.04 5.04 103.95
Loans & Advances 48.84 42.31 40.27 49.39 207.26
Other N/C Assets 0.1 1.64 2.61 3.18 1.04
Current Assets 604.03 728.34 821.42 1322.33 1330.99
Total Assets 883.91 1495.27 1595.92 2232.74 2770.41
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Other Income 14.88 19.07 16.14 18.18 16.45
Profit Before Tax 153.23 108.81 142.38 105.88 149.12
Tax 38.6 27.2 36.19 26.43 37.93
Profit After Tax 114.63 81.61 106.19 79.45 111.19
Adjusted EPS (Rs) 4.22 3 3.91 2.92 4.09

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 74.17 0
Sep 2023 74.2 0
Jun 2023 74.2 0
Mar 2023 74.21 0
Dec 2022 74.21 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 223.87 207.08 91.14 277.54 498.3
Adjustment 7.16 137.86 91.25 133.49 196.56
Changes in Assets & Liabilities -48.62 -15.97 82.11 -121.21 -144.26
Tax Paid -75.31 -57.08 -20.36 -71.38 -140.69
Operating Cash Flow 107.1 271.9 244.14 218.44 409.9
Investing Cash Flow -67 -161.03 -116.08 -298.82 -44.86
Financing Cash Flow -43.89 -111.96 -116.33 117.98 -395.13
Net Cash Flow -3.79 -1.09 11.72 37.6 -30.09
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