This entry is part 5 of 6 in the series IPO 2014-15

Monte Carlo Fashions Ltd is coming up with a further Public Offer  (IPO) of its shares between 3rd Dec 2014  to 5 Dec 2014. The price band of issue is Rs.  630 to Rs. 645 per equity Share.

 

Issue Details

IPOMonte Carlo Fashions Ltd
Issue Open3 Dec 2014
Issue Close5 Dec 2014
Issue Size 342 Cr to 350 Cr
Price BandRs. 630 - to 645
Bid Lot23 Equity Shares
RegistrarLink Intime
Cheque in Favour of (Retail Investor)
NRI (Retail)
Listing NSE / BSE
IPO Grade
 Payment Schedule for Retail Application 
No. of SharesPrice per ShareCheque Amount (Rs)
2364514835
4664529670
6964544505
9264559340
11564574175
13864589010
161645103845
184645118680
207645133515
230645148350
253645163185
276645178020
299645192855

Company Profile

About Company

Monte Carlo Fashions Ltd. (MCFL) is one of India’s leading branded apparel manufacturer/retailer. It offers a comprehensive line of woolen, cotton and cotton-blended knitted and woven apparels and home furnishings. MCFL has a strong brand ‘Monte Carlo’ and caters to premium, mid-premium and economy segments. The company plans to expand its 196 ‘exclusive brand outlet’ (EBO) to 275 by FY2017. While it focuses on manufacturing woolen products at its own plant in Ludhiana, it outsources majority of its requirement for cotton apparels. The company has net cash of Rs53 crore which it intends to use for inorganic growth opportunities. At the higher price band of Rs645, the stock is valued at 25.3x FY2014 P/E and 15x FY2014 EV/EBITDA. Given the company’s strong brand connect, expansion plans and healthy balance sheet position, we recommend investors to Subscribe to the IPO. 

Growing branded apparel industry: According to a Technopak report, the Indian branded apparel industry expected to grow at 21% CAGR over FY2015-20E to $34.2 billion. Over the past few years, the sales network of the branded apparel industry was primarily driven by EBOs, multi brand outlets (MBO) and hyper markets. However with the increasing internet penetration, online shopping has emerged as one of the key platforms for growth. This coupled with increasing per capita income; urbanization and penetration of organized retail are likely to benefit branded apparel players like MCFL.

Established brand with diversified product range: Monte Carlo, launched in 1984 is one the leading woolen apparel brand in India. It is the flagship brand of MCFL with a portfolio of woolen apparel and cotton and cotton blended apparel. The company has a comprehensive range of products for men, women and kids catering to the premium, mid-premium and economy segments in the apparel industry through its EBOs and MBOs. As on June 30, 2014 MCFL had 196 EBOs out of which 18 were owned by the company while the remaining are operated on a franchisee model. It also supplies to over 1,300 MBOs as well as via e-commerce websites.

Objects of Issue 

The objects of the Issue are:

  • Long term working capital
  • General corporate purposes

Subscription Details

Subscription Data for Monte Carlo Fashions Ltd

QIBNIIRetailTotal
Share Offer108660381495319015563803112
5 DecSubscribe no of shares
No of times
4 decSubscribe no of shares19242956085845251816510334
No of times1.770.072.381.71
3 DecSubscribe No of shares8000092051615076502328175
No of times0.740.030.790.61

 

Allotment Listing

 

 

Registrar of Issue     :   Link Intime

Listing                           :    NSE & BSE

 

 

 IP