CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
US English

India’s Metro Brands shoe retailer fixes IPO price range

By Vinu Lal

12:37, 7 December 2021

A view of a shoes as a person walks up steps
The offer opens for subscription on 10 December - Photo: Shutterstock

Indian footwear retailer Metro Brands fixed a price range of INR485-INR500 per share for its initial stake sale to the public, the company said in a press statement.

The company would raise INR13.66bn ($181.3m) through the IPO at the upper end of the price range. It opens for subscription on 10 December.

Metro Brands filed initial papers with the market regulator in August, according to web posting by ICICI Securities, a manager to the issue.

Fresh issue and OFS

The offer comprises a fresh issue of shares of up to INR2.95bn and an offer for sale (OFS) of up to 21.45 million shares by the existing investors, according to final papers. The subscription for the IPO will close on 14 December.

Metro Brands has also undertaken a private placement of 73,136 shares for INR32.9m. 


1.27 Price
+0.630% 1D Chg, %
Long position overnight fee -0.0047%
Short position overnight fee -0.0035%
Overnight fee time 22:00 (UTC)
Spread 0.00013


0.67 Price
+0.830% 1D Chg, %
Long position overnight fee -0.0071%
Short position overnight fee -0.0011%
Overnight fee time 22:00 (UTC)
Spread 0.00006


1.10 Price
+0.450% 1D Chg, %
Long position overnight fee -0.0080%
Short position overnight fee -0.0002%
Overnight fee time 22:00 (UTC)
Spread 0.00006


147.43 Price
-0.840% 1D Chg, %
Long position overnight fee 0.0111%
Short position overnight fee -0.0194%
Overnight fee time 22:00 (UTC)
Spread 0.010

The company owners, who currently hold an 84% stake in the company, will be offloading nearly 10% of their total stake.


Backed by Indian businessman and stock trader Rakesh Jhunjhunwala, Metro Brands expects to use the net proceeds from the fresh issue for opening new stores under the Metro, Mochi, Walkway and Crocs brands and for general business purposes.

As of 30 September, the company had 598 stores in 136 cities.

Axis Capital, Ambit, DAM Capital Advisors (formerly IDFC Securities), Equirus Capital, ICICI Securities and Motilal Oswal Investment Advisors are the managers to the issue.

Read More: India’s Shriram Properties fixes IPO float price band 

Related topics

Rate this article

The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

Still looking for a broker you can trust?

Join the 570.000+ traders worldwide that chose to trade with

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading