December 3, 2014 - December 5, 2014

Monte Carlo IPO Basis of Allotment

MONTE CARLO FASHIONS LIMITED

The Company was incorporated on July 1,2008 in Ludhiana, Punjab, India under the Companies Act, 1956, as amended (the 'Companies Act 1956') as a public limited company under the name 'Monte Carlo Fashions Limited' with the Registrar of Companies of Punjab, Chandigarh and Himachal Pradesh (the 'RoC'). For further details, see 'History and Certain Corporate Matters' on page 125 of the Prospectus dated December 9, 2014 (the 'Prospectus')

Registered and Corporate Office: G.T. Road, Sherpur, Ludhiana- 141 003, Punjab, India Tel: (+91 161) 2542 501. Fax: (+91 161) 2542 509. Contact Person: Mr. Sahil Jain, Company Secretary and Compliance Officer. Tel: (+91 161) 5066 628 Fax: (+91 161) 2542 509 E-mail: companysecretary@montecarlocorporate.com;
Website: www.montecarlocorporate.com. Corporate ldentityNumber: U51494PB2008PLC032059

BASIS OF ALLOTMENT

The Equity Shares are proposed to be listed on the BSE Limited ('BSE') and the National Stock Exchange of India Limited ('NSE') and the trading will commence on December 19,2014.

INITIAL PUBLIC OFFERING OF 5,433,016 EQUITY SHARES OF FACE VALUE OF RS 10 EACH (THE 'EQUITY SHARES') OF MONTE CARLO FASHIONS LIMITED ('MCFL' OR 'THE COMPANY' OR 'THE ISSUER') FOR CASH AT A PRICE OF RS 645 PER EQUITY SHARE (THE 'OFFER PRICE'), THROUGH AN OFFER FOR SALE BY THE SELLING SHAREHOLDERS (AS DEFINED IN THE SECTION 'DEFINITIONS AND ABBREVIATIONS'), AGGREGATING UP TO RS 3,504.30 MILLION (THE 'OFFER'). THE OFFER CONSTITUTES 25% OF THE POST OFFER PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY. FOR DETAILS OF THE EQUITY SHARES OFFERED BY EACH SELLING SHAREHOLDER, SEE 'OFFER/OFFER FOR SALE' IN SECTION 'DEFINITIONS AND ABBREVIATIONS - OFFER RELATED TERMS' ON PAGE 2 OF THE PROSPECTUS.

THE FACE VALUE OF EQUITY SHARES IS RS 10 EACH. THE OFFER PRICE IS RS 645 PER EQUITY SHARE AND IS 64.5 TIMES THE FACE VALUE OF THE EQUITY SHARE.

BID/OFFER: OPENED ON WEDNESDAY, DECEMBER 3,2014 • CLOSED ON FRIDAY, DECEMBER 5, 2014 ANCHOR INVESTOR BIDDING DATE : TUESDAY, DECEMBER 2,2014

The Anchor Investor Bid/Offer Period was one Working Day prior to the Bid/Offer Opening Date in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended ('SEBIICDR Regulations')

Promoters: Mr. Jawahar Lai Oswal, Mr. Kamal Oswal, Mr. Dinesh Oswal, Ms. Monica Oswal, Ms. Ruchika Oswal, Sidhant and Mannat Company Limited ('SMCL') and Simran and Shanaya Company Limited ('SSCL')

In terms of Rule 19(2)(b)(i) of the Securities Contracts (Regulation) Rules, 1957, as amended, (the 'SCRR') the Offer is made for at least 25% of the post-Offer paid-up Equity Share capital of our Company. The Offer is made through the Book Building Process, in compliance with Regulation 26(1) of the SEBI ICDR Regulations where 50% of the Offer will be allocated on a proportionate basis to Qualified Institutional Buyers ('QIBs') (the 'QIB Category'). Our Company has allocated 60% of the QIB Category to Anchor Investors, on a discretionary basis (the 'Anchor Investor Portion'), of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Offer Price. Further, 5% of the QIB Category (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only. The remainder shall be available for allocation on a proportionate basis toQIBs and Mutual Funds, subject to valid Bids being received from them at or above the Offer Price. Further, not less than 15% of the Offer will be available for allocation on a proportionate basis to Non-Institutional Investors and not less than 35% of the Offer will be available for allocation to Retail Individual Investors, in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. Retail Individual Investors may participate in this Offer through the ASBA process by providing the details of the ASBA Accounts in which the corresponding Bid Amounts will be blocked by the Self Certified Syndicate Banks ('SCSBs'). QIBs (excluding Anchor Investors) and Non-Institutional Investors can participate in the Offer only through the ASBA process. Anchor Investors are not permitted to participate in this Offer through the ASBA process. Kindly note that, based on an undertaking provided to SEBI by our Company and the Selling Shareholders, Allotment, amongst other conditions mentioned in the Red Herring Prospectus, shall be undertaken upon receipt of Bids equivalent to at least 25% of the Offer (including Bids received under the Anchor Investor Portion) from Mutual Funds and/or Insurance Companies. For details in this regard, specific attention is invited to 'Offer Procedure' on page 270 of the Prospectus.

The Offer received 336,279 applications for 30,980,289 Equity Shares (net of multiple bids, Duplicate bids, Cheque returns, Bid not banked and prior to technical rejections) resulting in 5.70 times subscription. The details of the applications received in the Offer from Retail Individual Investors, Non-Institutional Investors, QIBs (excluding Anchor Investors) and Anchor Investors are as under (before technical rejections):

	Category	No. of Applications	No. of Equity Shares	No. of times Subscription
A	Retail Individual Bidders	336,066	12,838,510	6.7516
B	Non-Institutional Bidders	157	1,310,448	1.6080
C	Qualified Institutional Bidders (excluding Anchor Investors)	46	15,155,367	13.9475
D	Anchor Investors	10	1,675,964	1.0283
	Total	336,279	30,980,289

Final Demand

Asummary of the final demand as per the BSE and the NSE as on the Bid/Offer Closing Date at different bid prices is as under:

Bid Price (Rs.)	No. of Equity Shares	% to Total	Cumulative Total	Cumulative % of Total
630	82.087	0.272	82.087	0.272
631	1,265	0.004	83,352	0.276
632	1,794	0.006	85,146	0.282
633	2,668	0.009	87,814	0.291
634	1,104	0.004	88,918	0.294
635	186,599	0.618	275,517	0.912
636	897	0.003	276,414	0.915
637	14,122	0.047	290,536	0.961
638	2,806	0.009	293,342	0.971
639	3,381	0.011	296,723	0.982
640	184,023	0.609	480,746	1.591
641	1,196	0.004	481,942	1.595
642	874	0.003	482,816	1.598
643	2,093	0.007	484,909	1.605
644	3.312	0.011	488.221	1.616
645	17,367.208	57.473	17,855.429	59.089
CUTOFF	12,362,500	40.911	30,217,929	100.000
TOTAL	30,217,929	100.000

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being BSE on December 13,2014. A. Allotment to Retail Individual Investors (After Technical Rejections)

The Basis of Allotment to the Retail Individual Investors, who have bid at cut-off or at the Offer Price of Rs 645 per Equity Share, was finalized in consultation with BSE. This category has been subscribed to the extent of 6.58 times after technical rejection. The total number of Equity Shares allotted in Retail Individual Investors category is 1,901,556 Equity Shares to 82,676 successful applicants. The category-wise details of the Basis of Allotment are as under:

Sr. No.	Category	No. of Applications Received	% of total	Total No. of Equity Shares applied	% to total	No. of Equity Shares allotted per applicant	Ratio	Total No. of Equity Shares allotted
1	23	278.092	84.8	6.396.116	51.1	23	30:119	1.612.484
2	46	17.103	5.22	786.738	6.29	23	30:119	99.176
3	69	7.559	2.3	521.571	4.17	23	30:119	43.838
4	92	4.546	1.39	418.232	3.34	23	30:119	26.358
5	115	3.328	1.01	382.720	3.06	23	30:119	19.297
6	138	3.436	1.05	474.168	3.79	23	30:119	19.918
7	161	2.746	0.84	442.106	3.53	23	30:119	15.916
8	184	658	0.2	121.072	0.97	23	30:119	3.818
9	207	500	0.15	103,500	0.83	23	30:119	2,898
10	230	1.305	0.4	300.150	2.4	23	30:119	7.567
11	253	301	0.09	76.153	0.61	23	30:119	1.748
12	276	363	0.11	100.188	0.8	23	30:119	2.116
13	299	8,006	2.44	2,393,794	19.13	23	30:119	46,414
14	12,568 Allottees from Serial no 2 to 13 Additional 1 (one) share						1:1571	8

B. Allotment to Non-Institutional Investors (After Technical Rejections)

The Basis of Allotment to the Non-Institutional Investors, who have bid at the Offer Price of Rs 645 per Equity Share, was finalized in consultation with BSE. This category has been subscribed to the extent of 1.60 times. The total number of Equity Shares allotted in this category is 814,953 Equity Shares to 145 successful applicants (incuding additional NIL Equity Shares allotted for the purpose of rounding off). The category-wise details of the Basis of Allotment are as under: (sample)

Category	No. of Applications Received	%of total	Total No. of Equity Shares applied	%to total	No. of Equity Shares allotted per applicant	Ratio	Total No. of Equity Shares allotted
322	30	20.69	9,660	0.74	202		6,060
414	2	1.38	828	0.06	259		518
506	3	2.07	1,518	0.12	317		951
713	1	0.69	713	0.05	447		447
1,012	1	0.69	1,012	0.08	634		634
2,070		1.38	4,140	0.32	1,298		2,596
3,082		1.38	6,164	0.47	1,932		3,864
4,025	1	0.69	4,025	0.31	2,523		2,523
5,175	1	0.69	5,175	0.4	3,244		3,244
6,187	1	0.69	6,187	0.48	3,878		3,878
7,751	1	0.69	7,751	0.6	4,859		4,859
7,820		2.07	23,460	1.8	4,902		14,706
8,441	1	0.69	8,441	0.65	5,291		5,291
14,720	1	0.69	14,720	1.13	9,227		9,227
20,148	1	0.69	20,148	1.55	12,630		12,630
30,015	1	0.69	30,015	2.31	18,815		18,815
48,047	1	0.69	48,047	3.7	30,118		30,118
50,370	1	0.69	50,370	3.87	31,574		31,574
95,818	1	0.69	95,818	7.37	60,064		60,064
100,763	1	0.69	100,763	7.75	63,163		63,163
155,020	1	0.69	155,020	11.92	97,174		97,174
443,716	1	0.69	443,716	34.13	278,144		278,144

C. Allotment to QIBs (excluding Anchor Investors)

Allotment to QIBs has been done on a proportionate basis in consultation with BSE. This category has been subscribed to the extent of 13.95 times. As per the SEBI ICDR Regulations, Mutual Funds were initially allocated 5% of the quantum of Equity Shares available i.e. 54,330 Equity Shares and other QIBs (including Mutual Funds) were allocated the remaining available equity shares i.e. 1,032,273 Equity Shares on proportionate basis. The total number of Equity Shares allotted in this category is1,086,603 Equity Shares, which were allotted to 45 successful applicants.

Category	Fls/Banks	FII/FB/FPI	MFs	ICs	VCs	Total
Allotment	323,477	553,584	118,321	90,156	1,065	1,086,603

D. Allotment to Anchor Investors

The Company has alloted 1,629,904 Equity Shares to 5 Anchor Investors through 10 applications in consultation with the BRLMs. In accordance with the SEBI ICDR Regulations, this represents 60% of the QIB Category.

Category	MFs	VCs	FPI	Total
Allotment	729,178	542,708	358,018	1,629,904

The IPO Committee of the Board of Directors of our Company at its meeting held on December 13,2014 has taken on record the basis of allotment of Equity Shares approved by the Designated stock exchange, being BSE and has allotted the Equity Shares to various successful applicants.

The refund orders and allotment advice have been dispatched to the address of the investors as registered with the depositories on December 16,2014. Further, instructions to the SCSBs have been e-mailed on December 13,2014. The Refund Advices have been over-printed with the bank account details as registered, if any, with the depositories. In case the same is not received within ten days, investors may contact at the address given below. The Equity Shares allotted to successful allottees have been uploaded on December 16,2014 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned.

Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them in the Prospectus.

INVESTORS PLEASE NOTE

The details of the allocation made will be hosted on the website of Registrar to the Offer, Link Intime India Private Limited at http://www.linkintime.co.in.

All future correspondence in this regard may kindly be addressed to the Registrar to the Offer quoting full name of the First/ Sole Bidder, serial number of the Bid-cum-Application Form, number of Equity Shares bid for, name of the Member of the Syndicate, place where the Bid was submitted and payment details at the address given below:

LINK INTIME INDIA PVT LTD

C-13, Pannalal Silk Mills Compound, L.B.S Marg, Bhandup (West)
Mumbai- 400 078, Maharashtra, India
Tel: (+91 22) 2596 7878; Fax: (+91 22) 2596 0329;
E-mail: mcfl.ipo@linkintime.co.in Website: www.linkintime.co.in;
Contact Person: Mr. Sachin Achar
SEBI Registration No.: INR000004058

Place: Ludhiana Date : December 17,2014	For MONTE CARLO FASHIONS LIMITED on behalf of Board of Directors Sd/- Company Secretary and Compliance Officer

Monte Carlo IPO Basis of Allotment FAQs

The IPO allocation is based on the subscription level and the investor category.

Refer to IPO allotment rules and methods for more details.

See the basis of allotment document above to know how the shares are allocated in Monte Carlo IPO .

The Monte Carlo IPO basis of allotment (published above) tells you how shares are allocated to you in Monte Carlo IPO and category wise demand of IPO share.

Visit the Monte Carlo IPO allotment status page to check the number of shares allocated to your application.

In Monte Carlo IPO allotment process, the registrar separates valid and invalid applications. The invalid applications with technical errors are rejected and only valid applications at or above the cut-off price are considered for allotment.

For more information, please refer to IPO Allotment Process and Basis of Allotment.

Check the Monte Carlo IPO basis of allotment document to know how the shares are allocated in Monte Carlo IPO.

Monte Carlo IPO Basis of Allotment

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