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Monte Carlo IPO is a book built issue of Rs 350.43 crores.
Monte Carlo IPO bidding started from December 3, 2014 and ended on December 5, 2014. The shares got listed on BSE, NSE on December 19, 2014.
Monte Carlo IPO price band is set at ₹630 to ₹645 per share. The minimum lot size for an application is 23 Shares. The minimum amount of investment required by retail investors is ₹14,835.
Axis Bank Limited, Edelweiss Financial Services Ltd, Religare Securities Ltd and SBI Capital Markets Limited are the book running lead managers of the Monte Carlo IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Monte Carlo IPO RHP for detailed information.
| IPO Date | December 3, 2014 to December 5, 2014 |
| Listing Date | December 19, 2014 |
| Face Value | ₹10 per share |
| Price Band | ₹630 to ₹645 per share |
| Lot Size | 23 Shares |
| Total Issue Size | 5,433,016 shares (aggregating up to ₹350.43 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 21,732,064 |
| Share holding post issue | 21,732,064 |
Monte Carlo IPO offers 3,803,112 shares. 1,086,603 (28.57%) to QIB, 814,953 (21.43%) to NII, 1,901,556 (50.00%) to RII. 82,676 RIIs will receive minimum 23 shares and (sNII) and (bNII) will receive minimum 322 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 1,086,603 (28.57%) | NA |
| NII (HNI) Shares Offered | 814,953 (21.43%) | |
| Retail Shares Offered | 1,901,556 (50.00%) | 82,676 |
| Total Shares Offered | 3,803,112 (100%) |
Investors can bid for a minimum of 23 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 23 | ₹14,835 |
| Retail (Max) | 13 | 299 | ₹192,855 |
| Lot Size Calculator | |||
The Promoters of the Company are:
Individual Promoter:
1. Mr. Jawahar Lal Oswal
2. Mr. Kamal Oswal
3. Mr. Dinesh Oswal
4. Ms. Monica Oswal
5. Ms. Ruchika Oswal
Corporate Promoters:
6. SMCL
7. SSCL
| Share Holding Pre Issue | 81.06% |
| Share Holding Post Issue | 63.63% |
Incorporated in 1984, Monte Carlo Fashions Limited is the leading apparel brand in India; especially famous for exclusive woolen brand 'Monte Carlo'.
Company cater to the premium and mid-premium branded apparel segment for men, women and kids, offering a comprehensive line of woolen, cotton and cotton-blended knitted and woven apparel and home furnishings through our 'Monte Carlo Exclusive Brand Outlets' and multi brand outlets, including a network of national chain stores under the 'Monte Carlo' brand.
Monte Carlo has 190 Monte Carlo Brand Outlets in India; out of which 80 are owned by the company and the rest are franchisees.
Monte Carlo operates 2 manufacturing facilities in Ludhiana, one for our woolen apparel products and one for our cotton apparel products.
A Mauritius based private equity firm acquired acquired a stake in Monte Carlo in June 2012. Samara Capital currently holds 18.51 per cent of the pre-offer capital of the company.
Post issue; the promoters will have up to 64 per cent stake, public would be 25 per cent, and Samara Capital would retain 11 per cent stake in the company.
| Particulars | For the year/period ended (in Rs. Cr) | ||||
| 31-Mar-14 | 31-Mar-13 | 31-Mar-12 | |||
| Total Income | 518.89 | 416.46 | 375.38 | ||
| Profit After Tax (PAT) | 55.38 | 49.48 | 48.86 | ||
| KPI | Values |
|---|---|
| RoNW | 14.55% |
The objects of the IPO are:
1. To achieve the benefits of listing the equity shares on the stock exchanges and
2. To sale of 5,433,016 Equity Shares by the Selling Shareholders.
[Dilip Davda]
The issue is highly priced one and the group has no fancy among Investors and Brokers, hence investment in this IPO may be made by investors at their own discretion. It’s a high risk-low yield offer.
Read detail review...The Monte Carlo IPO is subscribed 7.83 times on December 5, 2014 6:53:00 PM. The public issue subscribed 6.96 times in the retail category, 13.96 times in the QIB category, and 1.71 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 13.96 |
| NII | 1.71 |
| Retail | 6.96 |
| Total | 7.83 |
| Listing Date | December 19, 2014 |
| BSE Script Code | 538836 |
| NSE Symbol | MONTECARLO |
| ISIN | INE950M01013 |
| Final Issue Price | ₹645 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹645.00 |
| ₹585.00 |
| ₹528.15 |
| ₹632.45 |
| ₹566.40 |
| NSE |
|---|
| ₹645.00 |
| ₹584.00 |
| ₹530.00 |
| ₹632.00 |
| ₹567.30 |
Monte Carlo Fashions Limited
G.T. Road, Sherpur,
Ludhiana 141 003,
Punjab, India
Phone: +91 161 2542 501
Email: companysecretary@montecarlocorporate.com
Website: http://www.montecarlocorporate.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: mcfl.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Monte Carlo IPO is a main-board IPO of 5,433,016 equity shares of the face value of ₹10 aggregating up to ₹350.43 Crores. The issue is priced at ₹630 to ₹645 per share. The minimum order quantity is 23 Shares.
The IPO opens on December 3, 2014, and closes on December 5, 2014.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Monte Carlo IPO opens on December 3, 2014 and closes on December 5, 2014.
Monte Carlo IPO lot size is 23 Shares, and the minimum amount required is ₹14,835.
You can apply in Monte Carlo IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Monte Carlo IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Monte Carlo IPO allotment status.
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