Public Market

IPO

Footwear retailer Metro raises Rs. 410-Cr from anchor investors

Economic Times  

Footwear retailer Metro Brands Ltd has collected a little over INR 410 crore from anchor investors ahead of its IPO rollout. The company has allotted 82.05 lakh equity shares to anchor investors at INR 500 apiece, taking the total transaction size to INR 410.25 crore. Societe Generale, Goldman Sachs, Abu Dhabi Investment Authority, HDFC Life Insurance Company, SBI Life Insurance Co Ltd, Tata AIA Life Insurance Co Ltd, HDFC Mutual Fund (MF), Aditya Birla Sun Life MF, Sundaram MF and ICICI Prudential MF are among the anchor investors. The initial share-sale comprises fresh issuance of equity shares worth INR 295 crore and an offer for sale of 2.14 crore equity shares by promoters and other shareholders.

From the Venture Intelligence PE-VC Deal Database: In Mar-07, Metro Shoes raised $8-M from Rare Enterprises. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)