Metro Brands Limited

Metro Brands Limited is one of India's largest speciality footwear retailers, tracing its roots to a single store opened in Mumbai in 1955. Over the decades the company built a multi-brand portfolio spanning its own labels, including Metro, Mochi, Walkway, Da Vinchi and J. Fontini, alongside licensed international brands such as Crocs, Skechers, Clarks, Florsheim and Fitflop, covering footwear and accessories for men, women, children and unisex customers across casual, formal and occasion wear. By the time of its public issue the company operated several hundred stores spread across roughly 130 cities in around 30 Indian states and union territories, giving it one of the widest exclusive footwear retail networks in the country. The promoter group is led by the Malik family, who have run the business since its founding, alongside other family members and family trusts holding a substantial pre-issue stake. Metro Brands positions itself as an aspirational, asset-light retailer that pairs its own manufacturing-light model with a broad third-party brand portfolio, differentiating it from more vertically integrated peers. The IPO proceeds were earmarked mainly for funding the roll-out of new stores under its various brands, supporting the company's continued retail expansion strategy alongside general corporate purposes.

The company raised approximately Rs 410 crore from anchor investors ahead of the issue at the Rs 500 upper price band, with participation from marquee international investors including Goldman Sachs, the Abu Dhabi Investment Authority and the University of Notre Dame endowment, alongside leading domestic institutions such as ICICI Prudential, HDFC, Kotak, SBI Life and Tata mutual fund and insurance entities.