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Monte Carlo Fashions Limited IPO (Monte Carlo IPO) Detail

Dec 3, 2014 - Dec 5, 2014

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.

Company Promoters:

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

Company Financials:

ParticularsFor the year/period ended (in Rs. Cr)
31-Mar-1431-Mar-1331-Mar-12
Total Income518.89416.46375.38
Profit After Tax (PAT)55.3849.4848.86

Objects of the Issue:

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.

Monte Carlo IPO Details

Issue OpenDec 3, 2014 - Dec 5, 2014
Issue TypeBook Built Issue IPO
Issue Size5,433,016 Eq Shares of ₹10
(aggregating up to ₹350.43 Cr)
Face Value₹10 Per Equity Share
Issue Price₹630 - ₹645 Per Equity Share
Market Lot23 Shares
Min Order Quantity23 Shares
Listing AtBSE, NSE

Monte Carlo IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum123₹14,835
Maximum13299₹192,855

Monte Carlo News Articles

Monte Carlo IPO Subscription Status (Bidding Detail)

Monte Carlo IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Total

Shares Offered

1,086,603

814,953

1,901,556

3,803,112

Dec 5, 2014 18:53

13.96x

1.71x

6.96x

7.83x

Monte Carlo IPO Prospectus

Monte Carlo IPO Rating

694
4.0
Rating:Rated 4.0 stars

Vote Here ...

Monte Carlo IPO Listing Date

Listing DateFriday, December 19, 2014
BSE Script Code538836
NSE SymbolMONTECARLO
Listing InB
ISININE950M01013
Issue Price₹645 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE
₹645.00
₹585.00
₹528.15
₹632.45
₹566.40
1,921,116
NSE
₹645.00
₹584.00
₹530.00
₹632.00
₹567.30
5,681,632

Monte Carlo IPO Reviews / Ratings

Capital Market Rating
Hem Securities - Subscribe
Dilip davda - Avoid
Ajcon Global Services - Subscribe
WealthRays Securities - Subscribe
ICICIDirect - Subscribe
Angle Broking - Subscribe
Nirmal Bang - Subscribe
Dilip Davda - Avoid

Company Contact Information

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/

Monte Carlo IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: mcfl.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Monte Carlo IPO FAQs

  1. 1. What is Monte Carlo IPO?

    Monte Carlo IPO is an main-board initial public offering of 5,433,016 equity shares of the face value of ₹10 aggregating up to ₹350.43 Crores.

    The issue price of the IPO is ₹630 - ₹645 Per Equity Share. The minimum order quantity is 23 Shares per application and the offer type is Book Built Issue.

    The IPO opens on Dec 3, 2014 and closes on Dec 5, 2014.

    Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. 2. When Monte Carlo IPO will open?

    The Monte Carlo IPO opens on Dec 3, 2014 and closes on Dec 5, 2014.

  3. 3. How to apply for Monte Carlo IPO?

    Monte Carlo IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Monte Carlo IPO allotment?

    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.

  5. 5. When is Monte Carlo IPO listing date?

    The Monte Carlo IPO listing date is on Friday, December 19, 2014, at BSE, NSE.

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Monte Carlo IPO Review / Comments

GAMBLING BAZAR
348. GAMBLING BAZAR  Apr 28, 2015 16:47 I Like It. | Report Abuse
It is gambling bazar. May be MOnte will touch 1000 in 3 months. May be it will be touch 300 in 1 month. All is gambling
suresh jain
347. suresh jain  Apr 10, 2015 14:37 I Like It. | Report Abuse
are bhai koi to monte carlo se nikalo 645 ka 46 share pade hai kya karu advise please
Anu shah
347.4. Anu shah  Apr 10, 2015 21:25 I Like It. | Report Abuse
Hamne bhi Loss kar ke bech diya hai. Aap bhi becho. Iska ipo price nahi aayega.
suresh jain
347.5. suresh jain  Apr 13, 2015 12:01 I Like It. | Report Abuse
thank''s for UR advise
Carn Mohan
346. Carn Mohan  Jan 5, 2015 19:07 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Monte IPO price Rs. 645/- current price Rs. 524/- Now Rs. 121 discount.
ABHISHEK SABARMATI
345. ABHISHEK SABARMATI  Jan 1, 2015 12:10 I Like It. | Report Abuse
rs 700 ka rate ye january ending ke pehle ayega
Carn Mohan
344. Carn Mohan  Jan 1, 2015 10:01 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Happy new year friends.
HARISH NAGDA
343. HARISH NAGDA  Dec 30, 2014 17:15 I Like It. | Report Abuse
axis capital a big cheater tara jewells in 2012 @230 now @ 80
MOnte carlo 630 now @530
Rkg
342. Rkg  Dec 30, 2014 08:56 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts)
Got in 3 lots.Sold today whatever was earned in 2014 early, lost. So as people say sum total in shares is Zero or Negative.
Nasirul Choudhury
342.1. Nasirul Choudhury  Dec 30, 2014 15:51 I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts)
Why did you apply without analyzing it yourself? @25 PE it didn''t look expensive to you? Being in branded textile but having presence in remotest part of the country & promoters not so investors friendly. If you gamble the result will be like that. I don''t want to brag but all the IPO I have ever subscribed gave me profit.
Vikash frm London
342.2. Vikash frm London  Jan 2, 2015 00:59 I Like It. | Report Abuse
on hind-sight we can give all kind of explanation ... every IPO which comes up is initially hyped as expensive - high PE.

But how can one ignore these numbers - subscribed more than 7 times in Retail and 13 times by FII.

I think it just did not work out. Keep positive for other IPOs
Carn Mohan
341. Carn Mohan  Dec 26, 2014 13:55 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
highly overvalued fair prise rs. 160/.
sugreev
340. sugreev  Dec 26, 2014 08:38 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
can anybody list out the brokers who recomented this IPO? we should understand who-is-who in this business for in future.
HARISH NAGDA
340.1. HARISH NAGDA  Dec 30, 2014 17:14 I Like It. | Report Abuse
axis capital
Vivi
339. Vivi  Dec 25, 2014 11:15 I Like It. | Report Abuse
Monte Carlo is a good example how can we be fooled around easily. Its usually good to sell your application in Grey Market in sit silent on IPO which you are not sure of. Recommendations from Brokering houses are managed by promoters. Grey markets too manipulated. Fundamentals are usually overlooked by retail investors. Identify people who really thinks alike you and act on their opinion instead of general market opinion. Lets be careful next time. Thank god I was saved by luck this time.
Rajkot Special
338. Rajkot Special  Dec 23, 2014 17:30 I Like It. | Report Abuse
Link in time Ki sight per allotment and refund status check Karo. Fir bhi refund na mile to sight pe se phone number leke link in time ko Phone karo.
Harsh
337. Harsh  Dec 23, 2014 17:02 I Like It. | Report Abuse
Mene monte carlo ke 23 share ke liye apply kiya tha or mujhe share allot nhi hua, mujhe ab tk mere paise refund nhi hua to please koi bataiye ki me kya kru
SONMAYA
337.1. SONMAYA  Dec 24, 2014 17:18 I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts)
DEAR HARSH ,KDLY GIVE YOUR MOBILE NO.
Harsh
336. Harsh  Dec 23, 2014 16:55 I Like It. | Report Abuse
sir, mene 23 share monte carlo ke apply kiye the or mujhe koi allotment nhi hua. Mujhe mere paise ab tk refund nhi hua h. mene apna bank a/c bhi check kr liya h. Isliye please koi bataiye ki meri money mujhe wapas kese milegi
Rajkot Special
335. Rajkot Special  Dec 22, 2014 11:07 I Like It. | Report Abuse
Monte Carlo pe 25
Page industries pe 65
Keval Koran pe 34
Zodiak clothing pe 38

Am A
335.2. Am A  Dec 22, 2014 23:15 I Like It. | Report Abuse
Not comparable brands... Monte Carlo is mostly a woolen brand which makes it a more cyclic stock... anyway all other stocks are over-valued too. Additionally, other brands have stronger management, unlike greedy Monte Carlo promoter.... look at their other listed entities.

http://ak57.in/general/monte-carlo-fashions-limited-disastrous-listing/6980/
ABHISHEK SABARMATI
335.3. ABHISHEK SABARMATI  Dec 23, 2014 15:36 I Like It. | Report Abuse
montecarlo rs.710 only 1 week
Rajkot Special
334. Rajkot Special  Dec 22, 2014 11:02 I Like It. | Report Abuse
Page industries peer company of monte Carlo
Page ipo price Rs.360
Listing date 16-3-2007
Open 284
High 342
Low 272

Close 282 discount
Now 11750 eps 180 pe 65
star ipo king
333. star ipo king  Dec 22, 2014 08:41 I Like It. | Report Abuse
I advise to exit on 587 rs 2 day before.....today Monte touch 588 any holder sold .......100% correct
pinkyjain
332. pinkyjain  Dec 21, 2014 21:42 I Like It. | Report Abuse
Mc tomorrow price 545 expected
scshah
332.1. scshah  Dec 22, 2014 07:23 I Like It. | Report Abuse
I think you are right.
Carn Mohan
331. Carn Mohan  Dec 21, 2014 08:48 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
About 90% IPO/fpos are trading in discount but retailers are subscribed all IPO/fpos hugely.
IPOANALYSIS
330. IPOANALYSIS  Dec 20, 2014 23:32 I Like It. | Report Abuse
I HAVE TOLD EARLIER MONTE CARLO IS NOT WORTH 250 RS STOCK.
IT WILL KEEP CRASHING. THOSE WHO HOLD THIS STOCK.GET OUT OF IT IMMEDIATELY AND INSTEAD BUY MOMAI APPARELS.

REASON
1)MOMAI APPAREL MANAGEMENT IS GREAT AND ALWAYS REWARDED INVESTORS.
SEE MOMAI APPAREL NEVER WENT BELOW ISSUE PRICE SO HAVE A FEELING THIS STOCK HAS STRONG SUPPORT AND WILL HAVE HUGE BUYERS IN COMING MONTHS
2) MOMAI APPAREL PRICED THE IPO PRICE VERY WELL INFACT AT DISCOUNT TO PEERS. MONTE CARLO ASKED FOR HUGE PREMIUM AND SOONER OR LATER WOULD COME TO ITS FAIR PRICE OF 250 RS
3)MOMAI APPARELS HAVE GROWTH OF MORE THAN 200% EACH YEAR. MONTE CARLO HAS NOT GROWN AT ALL IN LAST 3 YEARS.

SO BUY BUY BUY MOMAI APPARELS AFTER EXITING FROM MONTE CARLO
HARISH NAGDA
330.1. HARISH NAGDA  Dec 30, 2014 17:18 I Like It. | Report Abuse
axis capital a cheater talk to them on 0222677900
Am A
329. Am A  Dec 20, 2014 22:14 I Like It. | Report Abuse
IPO draft...
bankers fixes "above-fair" valued price...
promoters not satisfied...
bankers increases price...
promoters happy, bankers skeptical...
unknown entities manipulate grey market...
investors happy, promoters happy, bankers happy...
grey market crashes...
stock tanks...
promoters still happy bankers still happy investors, who cares!!!



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