Montecarlo Limited IPO – Review, Allotment, Subscription, Price, Date & more

Last Updated Date: Nov 17, 2022

Let’s have a detailed review of the company and analytics of the Montecarlo Limited IPO release date, IPO offer price, subscription, Montecarlo IPO allotment, grey market premium price and other details like the company’s background, its financial positions, its promoters and other related things.

Face Value	Rs 10
Price Band	Rs.NA
Listing At	BSE, NSE
Min. Order Quantity	[●]
Listing Date	[●]
Fresh Issue	Rs 4,500 Million
Offer for Sale	Rs [●] Million
IPO Size	Rs [●] Million
Tick Size	Rs.1

Montecarlo IPO is listed at [●] premium. Check out the live share price by clicking on the below link.

Montecarlo Share Price – Live Performance

Summary of Montecarlo Limited IPO

Montecarlo Limited IPO Company has an infrastructure construction and development company, with our operations diversified across highways, railways, buildings and factories, mining, energy infrastructure and water and irrigation verticals of the infrastructure sector.

Their business comprises: (i) infrastructure construction business, under which we undertake EPC projects primarily from various government authorities; and (ii) infrastructure development business, under which they currently undertake building, operation and development of highways primarily on a HAM basis and developing and operating mines on a MDO basis.

Their revenue from operation, as per the Restated Financial Statements, was Rs 24,643.17 million, Rs 19,355.12 million and Rs 19,794.90 million for the Fiscals 2019, 2018 and 2017, respectively.

PAT, as per the Restated Financial Statements, was Rs 1,546.24 million, Rs 1,492.75 million and Rs 1,116.65 million for the Fiscals 2019, 2018 and 2017, respectively

The Promoter of this company are KANUBHAI M. PATEL TRUST (REPRESENTED THROUGH ITS TRUSTEES), KANUBHAI MAFATLAL PATEL, BRIJESH KANUBHAI PATEL AND MRUNAL KANUBHAI PATEL.

The lead manager to the issue are Edelweiss Financial Services Limited, Axis Capital Limited, and HDFC Bank Limited. The Registrar to this issue is Link Intime India Private Limited.

Montecarlo Limited IPO Date

The opening and the closing date of IPO of Montecarlo Limited is not known yet.

Montecarlo Limited IPO Subscription

Day / Date	QIB	NII	RII	Total Subscription
1st Day –
2nd Day –
3rd Day –
Shares Offered or Net Issue

he shares subscribed by the public will be updated here.

Check Montecarlo IPO LIVE Subscription

Montecarlo IPO LIVE Bid details on BSE
Montecarlo IPO LIVE Bid details on NSE

For the Latest Bid details click on the above links.

Montecarlo IPO Allotment Status

Here, you can find the Allotment Status of this IPO. Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment status is not yet disclosed.

Montecarlo IPO Listing Date

Find the dates below on basis of allotment, refund, listing and more:

Basis of Allotment Finalization	–
Refunds Initiation	–
Credit of Shares to Demat Account	–
Share Listing Date	–

Montecarlo IPO Price Band / Cash Price

The face value of each share is Rs.10, and the cash price of the IPO is Rs.[●].

Montecarlo IPO Size

This Initial Public Issue of [●] Equity Shares of Rs.10 each for cash at a price of Rs.[●] per equity share aggregating to Rs.[●] million.

Montecarlo IPO Share Offering

Fresh Issue: The Fresh Issue of [●] Equity Shares by their Company of Rs.2 each at a price of Rs.186 to Rs.187 per equity share aggregating to Rs.4,500 million,

Offer for Sale : Offer for sale of up to 3,000,000 Equity Shares by the Promoter Selling Shareholder aggregating up to Rs.[●] million.

Montecarlo IPO – Live Performance

The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.

Live IPO Performance – Montecarlo Share Price

Montecarlo IPO Grey Market Premium / GMP

The Montecarlo Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.

Montecarlo Limited – Company Overview

Company was incorporated as Montecarlo Construction Private Limited on March 20, 1995, as a private limited company under the Companies Act, 1956, at Ahmedabad, Gujarat.

They have more than two decades of experience in execution of infrastructure projects having completed 79 EPC projects.

They have an Order Book as of June 30, 2019, aggregating to ₹ 91,612.99 million, with 39 ongoing EPC projects, spanning across 14 states in India, including the states of Maharashtra, Odisha, West Bengal, Karnataka, Andhra Pradesh, Chhattisgarh, Bihar and Uttar Pradesh.

Montecarlo Limited – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

Financial Summary:

Amount (in INR & Million)
	31-Mar-19	Mar-18	31-Mar-17
Total Assets	24,423.25	15,940.88	14,511.50
Total Revenue	25,047.15	19,462.43	19,866.31
Total Expense	22,982.12	18,210.35	18,348.79
Profit After Tax	1,546.24	1,492.75	1,116.65

Earnings per Equity Share (in Million)

	31- Mar-19	Mar-18	31-Mar-17
Basic	18.08	17.46	13.06
Diluted	18.08	17.46	13.06

Montecarlo Limited IPO – Promoters

The Promoter of this company are:

KANUBHAI M. PATEL TRUST (REPRESENTED THROUGH ITS TRUSTEES),
KANUBHAI MAFATLAL PATEL,
BRIJESH KANUBHAI PATEL AND
MRUNAL KANUBHAI PATEL

List of Related Parties (Key Managerial Personnel)

Kanubhai Mafatlal Patel
Brijesh Kanubhai Patel
Mrunal Kanubhai Patel
Nareshkumar Pranshankar Suthar
Suhas Vasant Joshi

Business strategies of Montecarlo Limited:

Continued focus on further enhancing execution efficiency and capability in our infrastructure construction and development business
Focus on existing verticals and selective expansion into opportunistic areas
Attract, train and retain skilled personnel
Maintain financial discipline

Montecarlo Limited IPO Offer Details or Issue Details

Particulars	No. Of Equity Shares
Equity Shares Offered	Up to [●] Equity Shares, aggregating up to Rs [●] million
Of which:
Fresh Issue	Up to [●] Equity Shares, aggregating up to Rs 4,500 million
Offer for Sale	Up to 3,000,000 Equity Shares, aggregating up to Rs [●] million
Of which:
Retail Investors Portion	Not less than [●] Equity Shares
Non-Retail Investors Portion	Not less than [●] Equity Shares
Equity Shares outstanding prior to the Issue	85,500,003 Equity Shares
Equity Shares outstanding after the Issue	[●] Equity Shares

Montecarlo Limited IPO Issue Object

These are the IPO Issue Objects of the company

Working capital requirements of our Company;
Investment in MHHHPL for part-financing of six-laning and strengthening of Hubli-Haveri section of NH-
48 (old NH-4) from 340.00 km to 403.40 km in Karnataka (“Hubli Haveri HAM Project”); and
General corporate purposes

Montecarlo Limited IPO – Basis of the Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

- Strong execution and implementation skills with established track record;
- Robust Order Book;
- Diversified infrastructure portfolio with diverse geographical presence;
- Consistent financial performance and credit profile; and
- Experienced and professional management team with end to end execution capabilities.

The relevant quantitative factors are:

	Basic & Diluted EPS	RONW (%)	NAV (Rs.)
31-Mar-19	18.08	22.50%	80.39
Mar-18	17.46	28.24%	NA
31-Mar-17	13.06	27.81%	NA

Industry P/E Ratio:

Particulars	P/E ratio
Average	13.42
Highest	18.66
Lowest	8.18

Montecarlo Limited IPO Lead Managers

Lead Managers

Edelweiss Financial Services Limited

Axis Capital Limited

HDFC Bank Limited

Montecarlo Limited IPO Registrar to offer

Registrar to the Offer

Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai – 400 083
Tel: +91 22 4918 6200
E-mail: montecarloltd.ipo@linkintime.co.in
Investor grievance e-mail:
montecarloltd.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Shanti Gopalkrishnan

Other Details:

Statutory Auditor –Deloitte Haskins & Sells, LLP.
Peer Review Auditor –NA
Bankers to the Company – Oriental Bank of Commerce, Indian Overseas Bank , IDBI Bank Limited, The RBL Bank Ltd, Axis Bank Ltd, SBI, IDFC First Bank Ltd

List of Upcoming IPOs

Montecarlo Limited IPO Review by Top 10 Stock Brokers

Top Stock Brokers Review	Company Reputation	Competitive Edge	Financial Statement	Popularity Index	Promters Reputation
Angel Broking	6.5/10	6.6/10	6.6/10	6.4/10	6.4/10
Sharekhan	6.8/10	6.4/10	6.6/10	6.1/10	6.2/10
Kotak Securities	6.7/10	6.8/10	7.7/10	6.4/10	6.3/10
ICICI Direct	6.6/10	6.3/10	6.7/10	6.5/10	7.5/10
IIFL	6.4/10	6.7/10	6.8/10	6.4/10	6.7/10
Edelweiss	6.8/10	6.4/10	6.4/10	6.3/10	6.8/10
Zerodha	6.5/10	6.4/10	7.7/10	6.4/10	6.5/10
5Paisa	6.7/10	6.4/10	6.3/10	6.7/10	6.5/10
Karvy	6.8/10	6.3/10	6.7/10	6.4/10	6.0/10
Motilal Oswal	6.6/10	6.4/10	6.6/10	6.6/10	6.4/10