Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
30 May, 2024 17:57 IST
Metro Brands IPO- Comfortable as an old shoe!!!; Subscribe
Source: IRIS | 09 Dec, 2021, 07.38PM
Rating: NAN / 5 stars.
Comments  |  Post Comment

Metro Brands (Metro) is the one-stop shop for all footwear needs for the entire family and for every occasion including casual and formal events. With 586 exclusive retail outlets, it has the third highest number of exclusive retail outlets in India. Metro retails its footwear under 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 the in-house brands.

The company has decided to launch its initial public offering for subscription on December 10, and the offer will close on December 14. The company has fixed a price band of Rs 485 - 500 per equity share of face value Rs 5 each.

"We believe Metro’s aggressive plans on store addition and product portfolio expansion would cater to growing demand in branded footwear and pave the way for sustainable earnings growth and improved operational parameters in future. We recommend Subscribe," stated IDBI Capital Equity Research.

Key highlights

One of India's largest pan India footwear retailers with wide range of brands

Metro is one of the largest Indian footwear specialty retailers, and is among the aspirational Indian brands in the footwear category. It had the third highest number of exclusive retail outlets in India in FY21. Further, the company is a one-stop-shop family retailer catering to the footwear needs of men, women and children for different occasions including casual and formal events.

Asset light business with an efficient operating model

The company is among the few footwear retailers in India to source all its products through outsourcing arrangements without own manufacturing facility, resulting in an asset light model. The asset light model is based on third-party manufacturing by long-standing vendor relationships, and supported by active brand portfolio management, optimum store size and layout, and long-term lease arrangements. Owing to the scale of operations and strong supplier network, the company is able to leverage better margins with the vendors and enter into arrangements with third-party brands.

Disclaimer:  IRIS has taken due care and caution in compilation of data for its website. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.

 Post Comment
Name Email
Security Code type    into this box
Related Articles
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer