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Metro Brands Limited

Metro Brands Limited, established in 1955, is one of India’s largest footwear retailers, offering a wide range of branded shoes for men, women, kids, and unisex styles for different occasions. The company focuses on the mid and premium segments and features popular in-house brands like Metro, Mochi, Walkway, Da Vinchi, and J. Fontini, along with third-party brands such as Crocs, Skechers, Clarks, Florsheim, and Fitflop. Metro Brands also sells accessories like belts, bags, socks, masks, and wallets, as well as footcare and shoe-care products through its joint venture M.V. Shoe Care Private Limited. The company operates its stores under the company-owned and company-operated (COCO) model through Multi Brand Outlets (MBOs) and Exclusive Brand Outlets (EBOs). As of September 30, 2021, it had 598 stores across 136 cities in 30 states and union territories, and has been backed by investor Rakesh Jhunjhunwala since 2007.

₹485 - ₹500Open
Listed Price437.00
Listing Gain-12.60%
TimelineBook Built Issue IPO
Open10 Dec 2021
Close14 Dec 2021
Allotment17 Dec 2021
Listing22 Dec 2021

Quota Reservation Portions

QIBPortion: 1,36,75,050 shares
50%
Nii (hni)Portion: 41,02,515 shares
15%
RetailPortion: 95,72,535 shares
35%

Minimum Application Bracket Matrix

Retail1 lots / 30 shares
₹15,000
sHNI13 lots / 420 shares
₹2,10,000
bHNI67 lots / 2,010 shares
₹10,05,000

About the Company

Metro Brands Limited, established in 1955, is one of India’s largest footwear retailers, offering a wide range of branded shoes for men, women, kids, and unisex styles for different occasions. The company focuses on the mid and premium segments and features popular in-house brands like Metro, Mochi, Walkway, Da Vinchi, and J. Fontini, along with third-party brands such as Crocs, Skechers, Clarks, Florsheim, and Fitflop. Metro Brands also sells accessories like belts, bags, socks, masks, and wallets, as well as footcare and shoe-care products through its joint venture M.V. Shoe Care Private Limited. The company operates its stores under the company-owned and company-operated (COCO) model through Multi Brand Outlets (MBOs) and Exclusive Brand Outlets (EBOs). As of September 30, 2021, it had 598 stores across 136 cities in 30 states and union territories, and has been backed by investor Rakesh Jhunjhunwala since 2007.

Company Promoters

Rafique A. MalikFarah Malik BhanjiAlisha Rafique MalikRafique Malik Family TrustAziza Malik Family Trust