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Metro Brands IPO: Footwear retailer files draft papers for Rs 250 cr public issue

Metro Brands IPO: Footwear retailer files draft papers for Rs 250 cr public issue

The initial public offering (IPO) comprises fresh issuance of equity shares worth Rs 250 crore and an offer-for-sale of 21,900,100 equity shares by selling shareholders, according to the draft red herring prospectus (DRHP)

The company will consider a pre-IPO placement aggregating up to Rs 10 crore The company will consider a pre-IPO placement aggregating up to Rs 10 crore

Footwear retailer Metro Brands Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial share-sale.

The initial public offering (IPO) comprises fresh issuance of equity shares worth Rs 250 crore and an offer-for-sale of 21,900,100 equity shares by selling shareholders, according to the draft red herring prospectus (DRHP).

The company will consider a pre-IPO placement aggregating up to Rs 10 crore. If such placement is completed, the fresh issue size will be reduced.

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