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IPO

Metro Brands Ltd.

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

IPO Details

Check out the issue details for Metro Brands Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 500

Price Band

₹ 485 - 500

Issue Size

1367.5 Cr.

Issue Type

Book Built

Open

2021-12-10

Close

2021-12-14

Listingprice

₹ 437

ListingGain

-12.60%

Listing Date

2021-12-22

CMP

₹ 601.75

Current Return

20.35%

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 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Net Sales 867.55 1033.6 1154.96 1209.63 788.74
Total Expenditure 723.09 818.98 926.34 869.16 610.77
Operating Profit 144.46 214.62 228.62 340.47 177.98
Other Income 10.18 9.12 17.93 25.39 78.54
Interest 0 0 0.4 38.85 44.17
Depreciation 15.69 19.22 22.29 119.93 121.21
Exceptional Items 0 0 0 0 0
Profit Before Tax 138.95 204.53 223.87 207.08 91.14
Provision for Tax 47.45 69.36 76.03 55.2 18.61
Net Profit 91.5 135.17 147.84 151.88 72.52
Adjusted EPS (Rs.) 6.21 9.18 1.11 1.14 0.27

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Equity and Liabilities
Share Capital 14.73 14.73 132.77 132.77 132.77
Total Reserves 441.27 546.65 531.78 647.25 671.88
Borrowings 0 0 0 0 0
Other N/C liabilities 7.43 3.73 7.26 446.33 472.71
Current liabilities 143.03 160.53 212.1 268.93 318.57
Total Liabilities 606.45 725.63 883.91 1495.27 1595.92
Assets
Net Block 170.24 183.42 221.83 704.9 722.03
Capital WIP 2.35 3.13 3.03 12.9 4.22
Intangible WIP 1.97 2.89 1.03 0.13 0.33
Investments 5.04 5.04 5.04 5.04 5.04
Loans & Advances 33.76 42.98 48.78 42.31 40.27
Other N/C Assets 0.2 0 0.16 1.64 2.61
Current Assets 392.9 488.18 604.03 728.34 821.42
Total Assets 606.45 725.63 883.91 1495.27 1595.92
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2021
Other Income 11.93
Profit Before Tax 132.59
Tax 32.44
Profit After Tax 100.15
Adjusted EPS (Rs) 3.69

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Profit from operations 138.95 204.53 223.87 207.08 91.14
Adjustment 8.48 12.99 7.16 137.86 91.25
Changes in Assets & Liabilities -18.99 3.34 -48.62 -15.97 82.11
Tax Paid -45.85 -64.31 -75.31 -57.08 -20.36
Operating Cash Flow 82.6 156.54 107.1 271.9 244.14
Investing Cash Flow -84.06 -93.09 -67 -161.03 -116.08
Financing Cash Flow 0 -53.18 -43.89 -111.96 -116.33
Net Cash Flow -1.46 10.27 -3.79 -1.09 11.72
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