IPO Opening & Closing Date: metro brands ipo date fixed as Dec 10, 2021 to Dec 14, 2021.

Metro Brands Limited: Profile & Business

The Company opened its very first store under the Metro brand in Mumbai in the year 1955, and since then evolved into a one-stop-shop for all footwear needs, by retailing a large range of branded products for the men, women, kids, and unisex, and for every occasion including formal and casual events.

Metro Brands mainly targets the mid-segment and premium segments in the footwear market which have a much higher presence of organized players and growth in the overall footwear industry.

The company follows the COCO (company-owned and company-operated) model of retailing through its own MBOs (Multi Brand Outlets) and EBOs (Exclusive Brand Outlets), to manage its stores.

Metro Brands has been supported by Rakesh Jhunjhunwala as an investor since 2007.

Metro Brands Limited: BRANDS

Some of the company’s popular brands include Da Vinchi, Mochi, Metro, Walkway, and J. Fontini, as well as certain third-party brands such as Crocs, Clarks, Skechers, Fitflop, and Florsheim.

Metro Brands also offer accessories such as bags, belts, masks, socks, and wallets, at their all stores.

The Company also retails shoe-care and footcare products at its stores via its joint venture with M. V. Shoe Care Private Limited, making the company a complete ‘one-stop-shop’ for all footwear and related accessories to its customers.

Company Network

As of March 31, 2021, Metro Brands operated through its 586 Stores across 134 cities spread across 29 states and union territories (UTs) in India.

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Company Strength

One of the largest footwear retailers in India

An inclusive range of products and brands

Asset-light business model

The experienced management team and strong promoter background

Strong track record of profitability and growth

Company Promoters

Rafique A. Malik,

Farah Malik Bhanji,

Alisha Rafique Malik,

Rafique Malik Family Trust, and

Aziza Malik Family Trust

IPO Details – Price, Minimum Bid and Other

CONCLUSION

Considering company’s financial parameters, valuation, and future business prospect FinBlab recommends SUBSCRIBE ratings (keeping a long-term view) on Metro Brands Limited IPO

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