People, websites, brokerage houses that are recommending: buy, are being bought by Monte Carlo Fashions Limited. They will echo their master''s voice. The company is trying to sail on the so called bull run. The valuations are too high even at this time as most of its peers are trading at half of its floor rate. Looking at the previous history, I do not see there will be any listing gains
Sptulsian has very strongly given a Clear Avoid . chittorgarh recommended this issue.......i am confuise.....and another pro...i think gread 5/1.....BACHNA A INVESTER OR 1 SHEMAROO AA GAYA.........
65. Rkg| Link| Bookmark|
December 2, 2014 9:48:29 PM
Top Contributor (500+ Posts, 200+ Likes)
In moneycontroll.com ,Hem Securities and other 2 brokers have recommended this issue. But Sptulsian has very strongly given a Clear Avoid .
Grading is no more mandatory for IPOs. That,s why most doesn''t go for it.
61. hchc| Link| Bookmark|
November 30, 2014 12:07:30 PM
Top Contributor (400+ Posts, 900+ Likes)
M applying for 1 lot in my 2 accounts. Sure shot Listing gains of around 150/- to 200/- per share. I think it will be oversubscribed heavily,so it''s better to apply for 1 lot only.
Net sales and PAT for the June 2014 quarter stood at Rs 74.77 crore and Rs 8.52 crore. However, due to the seasonality of business, the same cannot be annualized. Net sales were Rs 503.73 crore and PAT Rs 55.31 crore in FY 2014. On a post issue equity share capital of Rs 21.73 crore, EPS for FY 2014 was Rs 25.5. At the lower price band of Rs 630 and higher price band of Rs 645, the offer price discounts FY 2014 earning 24.8 times and 25.3 times, respectively. Raymond, the largest player in woolen segment, trades at around 22 times consolidated FY14 EPS. Domestic-focused denim wear player Kewal Kiran Clothing trades at around 33 times FY 2014 EPS.
Grey market premium is 200-245/-. whether is it right? i want to apply for 2 applications. Shall i apply or not kindly advise anybody for listing gains.
57.1. Rkg| Link| Bookmark|
November 30, 2014 1:57:54 PM
Top Contributor (500+ Posts, 200+ Likes)
Premium is said to be even somewhat higher. Position will be clear on the last day,on looking at the subscription figures. But, one thing is very clear, these shares are not for keeping, suitable only for listing gains .
DEAR MR. LAKHAN, I MEAN TO SAY "BE CAUTIOUS" IN APPLY THIS IPO. PREMIUM MEANS THE COMPANY CHARGING OVER AND ABOVE THE FACE VALUE, WHICH IS TOO MUCH IN THIS ISSUE. SO BE CAREFULLLLLLLL.......
Well said price band seems high... but then boom of the market might help the co. To survive at this price.... even after all shemaroo managed to reach 190/-after poor listing...indian market h yaha sab bikta h
Dear Vinod Jain Nicky , U are telling to apply or to avoid this IPO. I can''t understand what u mean to say by saying its taking too much premium. Please help me in understanding . Thankxx in advance.
MONTE CARLO IPO KA PREMIUM BAHUT JYADA HAI.ANCHOR INVESTORS KE SUBSCRIPTION KE BAAD HI PLANNING KARNI CHAHIYE.YEH SAB BOOM MARKET KA ENCASH KAR RAHE HAI. BACHKE REHNA.
Monte Carlo IPO updates: Opens on: 3-12-14 Closes on: 5-12-14 Price Band: INR 630 to 645 Bid Lot: 23 Shares Issue Size: INR 350.42 Crs at upper band and INR 342.28 Crs at lower band.
49. SONMAYA| Link| Bookmark|
November 25, 2014 4:39:16 PM
IPO Guru (1300+ Posts, 500+ Likes)