Metro Brands Limited (MBL) is one of the largest Indian footwear specialty retailers and is among the top aspirational Indian brands in the footwear category. Incorporated in January 1977, Metro Brands has evolved into a one-stop-shop for all footwear needs. As of September 30, Metro Brands operated 598 stores across 136 cities in India.

Backed by ace investor Rakesh Jhunjhunwala, MBL retails footwear under its own brands of Metro, Mochi, Walkway, Da Vinchi and J. Fontini, as well as certain third-party brands such as Crocs, Skechers, Clarks, Florsheim, and Fitflop, which complement its in-house brands.

Objects of the Issue:
• Expenditure for opening new stores of the company, under the “Metro”, “Mochi”, “Walkway” and “Crocs” brands; and
• General corporate purposes

Company Financials:



Metro Brands IPO Details



Metro Brands IPO Tentative Timetable

The Metro Brands IPO open date is Dec 10, 2021, and the close date is Dec 14, 2021. The issue may list on Dec 22, 2021.



Metro Brands IPO Lot Size

The Metro Brands IPO market lot size is 30 shares. A retail-individual investor can apply for up to 13 lots (390 shares or ₹195,000).

Metro Brands IPO Promoter Holding

• Pre-Issue Share Holding - 84.02%
• Post-Issue Share Holding - 74.27%

How to apply for IPO?

1. ASBA - All you have to do is, know if your demat is with NSDL or CDSL. Make a note of your Demat ID/DP ID/BO ID - 16 digit number from your broker terminal. Once you have these 2 information, go ahead and apply from your internet banking. One advantage in this process is that, once you submit the application, process ends there and amount gets blocked. While in UPI, you need to get mandate from your bank and need to authorize on time. Many parties are involved in UPI process (Bank, broker, 3rd party UPI app provider etc) and there are chances of delayed UPI mandates. This is a recent process and will take time to settle. Till then, it is better to apply from net banking, but ensure you enter correct 16 digit DP ID.

List of banks that support ASBA. https://www.bsesme.com/static/getlis...x?expandable=0

2. UPI - Visit your broker terminal, select the IPO, enter UPI ID and other bid details to submit the application. Wait for mandate to arrive on UPI app. Approve the mandate to block the amount.

Refer to this video to apply for IPO using UPI at Zerodha.