Monte Carlo IPO details

Monte Carlo

·       Monte Carlo Fashion limited was incorporated in 1984, 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 the company owns 80 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 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.

IPO details

Issue Open: Dec 3, 2014 - Dec 5, 2014
Issue Type: 100% Book Built Issue IPO

Issue Size: 5,433,016 Equity Shares of Rs. 10
Issue Size: Rs. 342.28 - 350.43 Crore

Face Value: Rs. 10 Per Equity Share
Issue Price: Rs. 630 - Rs. 645 Per Equity Share
Market Lot: 23 Shares

Minimum Order Quantity: 23 Shares

Listing At: BSE, NSE

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

Financial Details

Monte Carlo did sales of Rs. 518.89 cr and PAT of 55.38 cr in March 2014.

EPS of Monte Carlo is Rs. 25.45, which means that the issue is valued at 24 to 26 PE.

Conclusion

In current market scenario, the valuation is very attractive. Analyst are saying that this IPO can give good returns on the listing day.