Metro Brands IPO

Metro Brands Ltd. is one of the largest Indian footwear speciality retailers and is among the aspirational Indian brands in the footwear category. They opened their first store under the Metro Brand in Mumbai in 1955, and have since evolved into a one-stop-shop for all footwear needs, by retailing a wide range of branded products for the entire family including men, women, unisex and kids, and for every occasion including casual and formal events.

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As of March 31, 2021, the company operated 586 Stores across 134 cities spread across 29 states and union territories in India and had the third-highest number of exclusive retail outlets in India, in Fiscal 2021. The company primarily targets the economy, mid and premium segments in the footwear market. In Fiscal 2019, 2020, and 2021, the company recorded an EBITDA Margin of 27.72%, 27.51% and 21.36%, respectively (on a consolidated basis).The entire public offer of Metro Brands comprises fresh issue of equity shares aggregating up to ?250 crores and an offer for sale of 2.19 crore equity shares by the selling shareholders. Read more

Check out some recent financials figures of the company:

How do I apply for the Metro Brands IPO?

You can apply for the Metro Brands IPO using any supported UPI app by following two steps:

• Enter your bid on rocket
• Accept UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account.