Metro Brands IPO - Comfortable As An Old Shoe: IDBI Capital
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IDBI Capital's IPO Report
Metro Brands Ltd. 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.
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.
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