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Metro Brands Ltd.

BSE: 543426 Sector: Others
NSE: METROBRAND ISIN Code: INE317I01021
BSE 00:00 | 27 Jan 626.15 12.25
(2.00%)
OPEN

558.00

HIGH

629.70

LOW

558.00

NSE 00:00 | 27 Jan 625.80 12.90
(2.10%)
OPEN

600.00

HIGH

630.00

LOW

595.30

OPEN 558.00
PREVIOUS CLOSE 613.90
VOLUME 54074
52-Week high 673.00
52-Week low 426.10
P/E 91.95
Mkt Cap.(Rs cr) 17,000
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 558.00
CLOSE 613.90
VOLUME 54074
52-Week high 673.00
52-Week low 426.10
P/E 91.95
Mkt Cap.(Rs cr) 17,000
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Metro Brands Ltd. (METROBRAND) - Company History

Metro Brands Limited was originally incorporated as Metro Shoes Private Limited on 19 January 1977 at Mumbai Maharashtra. The name of the company was subsequently changed to Metro Shoes Limited on 18 May 1992 upon conversion into a deemed public company. Thereafter the company was converted into a private limited company and the name was changed to Metro Shoes Private Limited witheffect from 16 October 2002. Subsequently the name of the Company was again changed to Metro Shoes Limited pursuant to a special resolution passed by the shareholders of the company on 21 March 2007. A fresh certificate of incorporation consequent to change of name was issued by the RoC on 14 May 2007. Thereafter the name of the company was further changed to Metro Brands Limited pursuant to a special resolution passed by the shareholders of the company on 03 August 2018 and new certificate of incorporation pursuant to change of name was issued by the RoC on 06 September 2018.Metro Brands is one of the largest Indian footwear speciality retailers and are among the aspirational Indian brands in the footwear category.The company opened its first store under the Metro brand in Mumbai in 1955and 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. As of 31 March 2021the company operated 586 Stores across 134 cities spread across 29 states and union territories in India.The company retail footwear under its own brands of Metro Mochi Walkway Da Vinchi and J. Fontini as well as certainthird-party brands such as Crocs Skechers Clarks Florsheim and Fitflop which complement its in-house brands.The company also offer accessories such as beltsbags socks masks and wallets at its stores. The company also retail footcare and shoe-care products at its stores through the joint venture M. V. Shoe Care Private Limited.During the year 2003-04 the company opened 5 new showrooms at Hyderabad Vashi Bangalore and Kolkata. In November 2003 the company launched 'Signatures by Metro' a premium range of footwear collections exclusively designed by the renowned Fashion Designers Rohit Bal Manish Malhotra and Azeem Khan for the luxury fashion-conscious customers. They re-started the business after full renovations in their showroom at Abids Hyderabad with effect from May 28 2004.During the year 2005-06 the company expanded their network by opening 13 new showrooms. They successfully re-started business after full renovations in their Showrooms at Pune (Deccan Gymkhana) on August 12 2005 and Mumbai (Crawford Market) on September 13 2005. In February 23 2006 they celebrated their '50 Stores Opening Ceremony' in Mumbai.During the year 2006-07 the company expanded their network by opening 11 new Showrooms. They discontinued their operations in 1 showroom. They opened their first showrooms in Jalandhar Gurgaon and Coimbatore. In December 2006 they started their operations in Dehradun in Uttarakhand in addition to Byculla unit.During the year the company completely renovated their Showrooms at Pune (M.G.Road) Ahmedabad (Relief Road) Surat (Bhaga Talao) and Mumbai (Linking Road). Also they opened the renovated and expanded Showroom at Brigade Road Bangalore which is the Largest Shoe Showroom in Bangalore.During the year the company received a prestigious award from Franchise India 'the Best Retailer in Footwear Category' for excellence in franchising and business development. In May 14 2007 the company was converted back into a public limited company.During the year 2007-08 the company expanded their network by opening 14 new Showrooms. They discontinued their operations in 2 Showrooms. They opened their first showrooms in Bhopal Calicut Jaipur Mangalore Nasik Noida and Varanasi. They renovated and expanded Showroom at Chennai (T. Nagar) and started the business during the year.During the year the company was awarded the prestigious 'Franchise Awards' for the second consecutive year for being the best retailer in Footwear category. They were rated as one of the most powerful brands in India by 'RETAILERS' magazine in their March 2008 issue.During the year 2008-09 the company opened 7 new Showrooms in the cities of Ambala Bangalore Mumbai Pune Vashi and Vijayawada. They opened their first showroom in the cities of Vijayawada and Ambala. They received ISO 9001-2008 certification for all their activities at their Corporate Office Warehouse and Colaba Showroom.During the year 2009-10 the company opened 26 showrooms in the cities of Amritsar Aurangabad Bangalore Chennai Delhi Hyderabad Jaipur Jodhpur Kalyan Kolkata Mumbai Nagpur Nasik Pondicherry Pune & Thane. They renovated the showrooms at Oberoi Grand Arcade Kolkata and one at Sector 17 Chandigarh. During the year the company promoted Metmill Footwear Pvt Ltd a 51% subsidiary of the company jointly with Sunil Shah of Millenium Marketing for taking over their footwear business in Shoppers Stop a leading retail chain of India. The company opened new stores under the brand 'MSL'. They opened the first store in Secunderabad. During the year 5 MSL stores opened in Aurangabad Hyderabad Secunderabad and Pune. The company launched E-commerce website 'www.metroshoes.net' from October 1 2009. During the year the company won 'Brand Leadership' Award from Chief Marketing Officer (CMO) Council. The company also received the 'Brand Leadership' Award in Footwear Category at World Brand Congress 2009 held at Mumbai.During the year 2010-11 the company opened 15 Showrooms in the cities of Allahabad Amritsar Baroda Chennai Bangalore Guwahati Lucknow Hyderabad Mumbai and Varanasi. They closed 1 store at Kakade Center Port Pune due to closure of mall. Thus the company expanded their number to 121 in 38 major cities.During the FY2013the company has issued and allotted 9807150 equity shares of Rs 10 each as bonus shares to the shareholders in the ratio of 2:1.On 12 December 2018the company has issued and allotted 118001920 equity shares of Rs 10 each as bonus shares to the shareholders in the ratio of 8:1.Pursuant to Board resolution on 25 March 2021 and Shareholders' resolution on 30 March 2021 the face value of equity shares were sub-divided from Rs 10 each to Rs 5 each.During the month of December 2021the company cameout with an Rs 1367-crore public issue which comprised a fresh issue of Rs 295 crore and an offer for sale(OFS) of Rs 1072 crore by the selling shareholders.The IPO shares were allotted at the price of Rs 500 per share including a premium of Rs 495 per share.The allotted shares were listed on the BSE Ltd and National Stock Exchange of India Ltd(NSE) on 22 December 2021.

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