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Monte Carlo Fashions IPO is a book build issue of ₹350.43 crores. The issue is entirely an offer for sale of 0.54 crore shares of ₹350.43 crore.
Monte Carlo Fashions IPO bidding started from Dec 3, 2014 and ended on Dec 5, 2014. The shares got listed on BSE, NSE on Dec 19, 2014.
Monte Carlo Fashions IPO price band is set at ₹645.00 per share . The lot size for an application is 23. The minimum amount of investment required by an retail is ₹14,490 (23 shares). The lot size investment for sNII is 14 lots (322 shares), amounting to ₹2,07,690, and for bNII, it is 68 lots (1,564 shares), amounting to ₹10,08,780.
Axis Bank Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Monte Carlo Fashions IPO RHP for detailed Information.
| IPO Date | December 3, 2014 to December 5, 2014 |
| Listing Date | December 19, 2014 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹630 to ₹645 per share |
| Issue Price Final | ₹645 per share |
| Lot Size | 23 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 54,33,016 shares (aggregating up to ₹350.43 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 2,17,32,064 shares |
| Share Holding Post Issue | 2,17,32,064 shares |
Monte Carlo IPO offers total 54,33,016 shares. Out of which 27,16,507 (50.00%) allocated to QIB, 10,86,603 (20.00%) allocated to QIB, 8,14,953 (15.00%) allocated to NII, 19,01,556 (35.00%) allocated to RII and 16,29,904 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 27,16,507 (50.00%) | NA |
| − Anchor Investor Shares Offered | 16,29,904 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 10,86,603 (20.00%) | NA |
| NII (HNI) Shares Offered | 8,14,953 (15.00%) | NA |
| Retail Shares Offered | 19,01,556 (35.00%) | 82,676 |
| Total Shares Offered | 54,33,016 (100.00%) |
Monte Carlo Fashions IPO opens on December 3, 2014, and closes on December 5, 2014.
| IPO Open Date | Wed, Dec 3, 2014 |
| IPO Close Date | Fri, Dec 5, 2014 |
| Tentative Listing Date | Fri, Dec 19, 2014 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Dec 5, 2014 |
Investors can bid for a minimum of 23 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 23 | ₹14,835 |
| Retail (Max) | 13 | 299 | ₹1,92,855 |
| S-HNI (Min) | 14 | 322 | ₹2,07,690 |
| S-HNI (Max) | 67 | 1,541 | ₹9,93,945 |
| B-HNI (Min) | 68 | 1,564 | ₹10,08,780 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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] <p><strong><span style="font-family: Calibri; font-size: medium;">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.</span></strong></p> Read detail review...
| Listing Date | December 19, 2014 |
| BSE Script Code | 538836 |
| NSE Symbol | MONTECARLO |
| ISIN | INE950M01013 |
| Final Issue Price | ₹645 per share |
| BSE Listing Group | B |
Monte Carlo Fashions Ltd.
G.T. Road, Sherpur,
Ludhiana 141 003,
Punjab, India
Ludhiana, Punjab
Phone: +91 161 2542 501
Email: companysecretary@montecarlocorporate.com
Website: http://www.montecarlocorporate.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: mcfl.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Monte Carlo Fashions IPO is a main-board IPO of 54,33,016 equity shares of the face value of ₹10 aggregating up to ₹350.43 Crores. The issue is priced at ₹645 per share. The minimum order quantity is 23.
The IPO opens on December 3, 2014, and closes on December 5, 2014.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Monte Carlo Fashions IPO using UPI as a payment gateway. Zerodha customers can apply in Monte Carlo Fashions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Monte Carlo Fashions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Monte Carlo Fashions IPO opens on December 3, 2014 and closes on December 5, 2014.
Monte Carlo Fashions IPO lot size is 23, and the minimum amount required for application is ₹14,835.
You can apply in Monte Carlo Fashions IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Monte Carlo Fashions IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Monte Carlo Fashions IPO allotment status.
The Monte Carlo Fashions IPO listing date is on Friday, December 19, 2014.
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