Monte Carlo IPO
Monte Carlo got 0.61times subscribed which clearly shows positive trend. The stock at the price of 630 - 645 are available at 24 to 26PE. Seeing other company in the same sector which are trading well above 30PE, this is a stock with great future.
The brand has very good product line & is supposed to be the best in woolen jackets. The product quality and brand is premium, which also makes the product expensive. Retail discount are not given on this brand as the margin to the retailer are very tight.
The company has 2 factories which makes best product and a little expensive price. The company has 80 owned outlets which is a positive sign as the margin in this industry are very good. A franchisee has to invest 30-50lakhs on shop, interiors & inventory.
The product are not sold at discount even on India's best eCommerce
website flipkart which clearly states the brand value of Monte Carlo.
I am expecting this to be the page industries of woolen products and if that is true the IPO price is very cheap. If the company continue and grow their business. Monte Carlo can reach 5000 within 2-3 yrs.
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