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Monte Carlo Fashions

Industry: Personal Care | Prospectus

What Are Analysts Saying?

IPO News: The great Indian sale
SMC, 23 Dec 2014
The government is targeting to mop up Rs58,000 crore this financial year through divestment of its stake in certain PSUs like CIL, ONGC, NHPC, PFC, REC and CCI. The process has already been kickstarted with a 5% stake sale in SAIL. Retail investors got a discount of 5% to the bid price in the SAIL offering, the offer for sale (OFS) for which was subscribed over two times.

Monte Carlo IPO: Visit here for the Short Term
Punit Jain, 05 Dec 2014
The IPO was subscribed 61% till EOD 3rd Dec. This included Institutions 74% and Retail 79%. This is a good sign, and the firm may be able to ride the very positive current investor sentiments and elevated index levels to generate high subscriptions. Retail investors may apply for the MCF IPO but should not hold for the long term.

Monte Carlo Fashions IPO: Strong brand value, Subscribe
Way2wealth, 04 Dec 2014
With factors such as strong brand value & distribution network, its diversification in non woolen segments and healthy balance sheet along with the recent good performance of share price of other textile companies in the secondary market, it may attract investor interest. Hence way2wealth recommends Subscribe to this issue.

Monte Carlo Fashions IPO Note
HDFC Sec, 03 Dec 2014
MCFL seeks to capitalize on the growth opportunities in the branded apparel industry based on its well positioned brand ‘Monte Carlo’.

Monte Carlo Fashions IPO: Subscribe
Jainam Research, 03 Dec 2014
We at Jainam Research recommend investors to Subscribe to the Monte Carlo Fashions Ltd IPO considering it’s experienced management, strong brand portfolio, aggressive expansion plan over pan India

Issue Details

Open Date: 03 Dec 14 Min Application Amount: Rs. 14490
Close Date: 05 Dec 14 Min bid (No. of shares): 23
Offer Price: Rs. 630 Issue Size: Rs. 342.28-350.43 Cr
Listing Exchanges: BSE, NSE Issue Size (Shares): 5433016

About the Company

Incorporated in 1984, Monte Carlo Fashions Limited is the leading apparel brand in India; especially famous for exclusive woolen brand 'Monte Carlo'.

Objective of the Issue

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.