×
286
Fashion Jobs
NEWELL
Analyst, Power BI
Permanent · CHENNAI
NEWELL
Associate Manager, Brand Marketing
Permanent · MUMBAI
360 REALTORS
Team Leader/Area Sales Manager/Team Handling - Sales
Permanent · Pune
N R AROMAS
Area Sales Manager
Permanent · Indore
THE INFINITY SPACE
Area Sales Manager - Kotak Group | Hiring Urgently
Permanent · Faridabad
THE INFINITY SPACE
Area Sales Manager
Permanent · Ambala
SUPRO CONSULTING
on Roll - Area Sales Manager
Permanent · Nagpur
QUICK JOBS
Area Sales Manager -Loyalty Channel
Permanent · Ghaziabad
AVANTOR
Area Sales Manager - Chromatography || Hyderabad
Permanent · Hyderabad
PERFECT PUBLISHING SOLUTIONS
Area Sales Manager & Sales Executive-Exp/ Freshers-All India Openings
Permanent · Lucknow
ACME SERVICES PRIVATE LIMITED
Salon Manager/ Area Salon Manager/ Sales Head/ Center Head
Permanent · Mumbai
MAICO VENTILATION PVT LTD
Area Sales Manager - Madhya Pradesh
Permanent · Indore
ACME SERVICES
Finance Manager With a Leading Fashion Brand
Permanent · Surat
HOMEBAZAAR.COM
Hiring For Sales Manager - Real Estate - @ Andheri/Lower Parel
Permanent · Navi Mumbai
ADIDAS
Senior Manager Marketing Operations
Permanent · GURUGRAM
PEOPLE LINK
Immediate Opening of Sales Manager-Home Furnishing-Panipat
Permanent · Panipat
ROYAL TRANSPORT CORPORATION
Sales & Marketing Manager (Full Truck Load And Odc Project Transport)
Permanent · Nashik
MADHU JAYANTI INTERNATIONAL
Area Sales Manager
Permanent · Patna
DMART
Opening For The Post of Circle Head - Operations
Permanent · Bengaluru
PERSOLKELLY INDIA
Area Sales Manager- Corporate Sales-Faridabad- Relocation Company
Permanent · Faridabad
NR CONSULTING
Requirement- Sales Manager- Mumbai
Permanent · Mumbai
XWELL HUMAN RESOURCE
Area Sales Manager All Rajasthan Fmcg Company
Permanent · Ajmer
Published
Dec 15, 2021
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Metro Brands IPO subscribed 3.6 times by end of issue

Published
Dec 15, 2021

Footwear retailer Metro Brands’ initial public offering had been subscribed 3.6 times at the end of the final day of the issue on December 14. The business’ IPO received positive recommendations but faced initial struggles.

Metro Brands plans to put funds from its IPO towards retail expansion - Mochi


Metro Brands’ IPO saw applications for 69,612,480 shares against the issue size of 19,145,070 shares by the end of the issue, ET Bureau reported. The IPO had received numerous recommendations from finance firms but doubts remained over the effects of the Covid-19 pandemic on the business as well as its heavy reliance on its third party brands. 
 
“Considering the TTM adjusted EPS of Rs 5.55 [$0.073] on a post-issue basis, the company will list at a P/E of 90.01 with a market cap of Rs 13,575.4 crore, while its peers- Bata India and Relaxo Footwear are trading at a P/E of 922 and 111 respectively,” said Marwadi Shares and Finance in a statement about the IPO, ET Markets reported. 

Ahead of the IPO, Metro Brands announced that it had raised Rs 410 crore from its anchor investors. The business allotted 82.05 lakh equity shares to its anchor investors at Rs 500 each, according a circular from the Bombay Stock Exchange.
 
Metro Brands retails footwear through its network of stores across India. The business runs the footwear brandsMetro, Mochi, Da Vinchi, Walkway, and J. Fontini and also retails third-party brands in India including Skechers, Clarks, Florsheim, Crocs, and Fitflop, among others. 
 

Copyright © 2023 FashionNetwork.com All rights reserved.