IPO update: Metro Brands

Metro Brands came out with its IPO about four months ago, and you can find our detailed analysis of the issue. In this update, we will look at the company's market performance and business performance post issue. Our analysis of the IPO We gave a score of 20 out of 28 to this footwear retailer. Metro Brands is one of the largest footwear retailers in India. The company offers a wide range of brands for the entire family and for every occasion. As of December 2021, the company operated 629 stores across four formats (Metro shoes, Mochi, Crocs and Walkway). It sells products under its in-house brands (such as Metro, Mochi, Walkway, Da Vinchi), as well as certain third-party brands, such as Crocs, Skechers, Clarks, Florsheim and Fitflop. Our rating for Metro Brands was based on the following factors: Out of the 11 business metrics, the company did well on eight. It scored six out of six on management-quality-related metrics. The company cleared six of eight financial metrics. It didn't clear any valuation-related metrics. Stock performance since listing M