Montecarlo is an infrastructure construction and development company, with operations diversified across highways, railways, buildings and factories, mining, energy infrastructure and water and irrigation verticals of the infrastructure sector. The Company has issued ___Equity shares of Rs.10 each. As per the early news, the company is going to raise Rs.550 crore from this IPO.
Let’s have a detailed review of the company and analytics of the Montecarlo Limited IPO release date, IPO offer price, subscription, Montecarlo Limited IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
Montecarlo Limited IPO Review & Ratings
| Montecarlo Limited IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 6.3/10 |
| Industry Ranking | 6.3/10 |
| Company Background | 6.1/10 |
| Company Reputation | 6.4/10 |
| Competitive Edge | 6.4/10 |
| Financial Statements | 6.5/10 |
| Popularity Index | 6.2/10 |
| Promoters Reputation | 6.3/10 |
| Retail Appetite | 6.2/10 |
| Top Brokers Review | 6.3/10 |
| Overall Ratings | 6.3/10 |
| Star Ratings | ★★★☆☆ |
Summary of Montecarlo Limited IPO
Montecarlo is an infrastructure construction and development company, with operations diversified across highways, railways, buildings and factories, mining, energy infrastructure and water and irrigation verticals of the infrastructure sector. As part of the infrastructure construction and development operations, through the Subsidiaries, the company is undertaking two highways projects on HAM basis and one mining project on MDO basis. They have more than two decades of execution experience having completed 66 EPC projects with an Order Book as of December 31, 2017, aggregating to ₹ 53,078.78 million with 31 ongoing EPC projects, spanning across 11 states and one union territory in India including the states of Odisha, Karnataka, Gujarat, Uttar Pradesh and Rajasthan and in the union territory of Andaman and Nicobar Islands. Subsequent to December 31, 2017,the company has been awarded 11 new infrastructure construction and development projects spanning across eight states, including the states of Maharashtra, Chhattisgarh and West Bengal aggregating to ₹ 46,622.78 million. Over the past two decades, this company has established a track record in executing majority of the infrastructure construction and development projects in a timely manner.
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 Edelwis Financial Service, Axis Capital Limited, and IDXC Bank Limited. The Registrar to this issue is LINK INKTIME INDIA PRIVATE LIMITED.
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Montecarlo Limited IPO Date
The opening and the closing date of IPO of Montecarlo Limited is not known yet.
Montecarlo Limited IPO Subscription
| Subscription | |
| Day 1 | X |
| Day 2 | X |
| Day 3 | X |
| Day 4 | X |
| Day 5 | X |
The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.
Montecarlo Limited IPO Allotment Status
The Issue is being made through the Fixed Price Process wherein up to ____Equity Shares shall be reserved for Market Maker upto ____ Equity shares will be allocated on a proportionate basis to Retail Individual Applicants, subject to valid applications being received from Retail Individual Applicants at the Issue Price. The balance of the Net Issue will be available for allocation on proportionate basis to Non Retail Applicants.
Montecarlo Limited IPO Price Band
The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed.
Montecarlo Limited IPO Equity Share Offering
___Equity Shares of Rs 10/- each but Issue Price is yet to be disclosed so it will be aggregated to Rs___
Montecarlo Limited – Company Overview
Montecarlo is an infrastructure construction and development company that has diversified its function in highways, railways, buildings and factories, mining, energy infrastructure and water and irrigation verticals of the infrastructure sector. the company has more than two decades of execution experience having completed 66 EPC projects with an Order Book as of December 31, 2017, aggregating to ₹ 53,078.78 million with 31 ongoing EPC projects, spanning across 11 states and one union territory in India including the states of Odisha, Karnataka, Gujarat, Uttar Pradesh and Rajasthan and in the union territory of Andaman and Nicobar Islands.
Competitive Strengths of Montecarlo Limited:
- Project Management
- Modern Construction Equipment
- Manpower Management
- Advanced Tevhnology
Business strategies of Montecarlo Limited:
- Technology and Operational Excellence.
- Attract and retain talented employee.
- Increased Focus on Oracle based services.
- Strong Business Development and Sales team.
- Develop and maintain relationships with the Clients.
- Enhancing Operating Effectiveness and Efficiency.
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 & Lakhs) | |||||
| 31-Dec-17 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Total Assets | 15,820.31 | 15,149.38 | 12,877.93 | 9,311.88 | NA |
| Total Revenue | 13,281.50 | 19,879.73 | 16,956.69 | 10,163.63 | NA |
| Total Expense | 731.82 | 1,317.64 | 1,285.87 | 590.56 | NA |
| Profit After Tax | 732.62 | 1,325.34 | 1,282.37 | 587.36 | NA |
Earnings per Equity Share (in Lakhs)
| 31-Dec-17 | 31-Mar-17 | 31-Mar-16 | |
| Basic | 8,56 | 15.41 | 15.04 |
| Diluted | 8.56 | 15.41 | 15.04 |
From the above statements, one could find that the Montecarlo Technologies Limited may perform well.
Montecarlo Limited IPO – Promoters
The Promoter of this company are:
- Mr. Kanubhai Mafatlal Patel
- Mr. Brijesh Kanubhai Patel
List of Related Parties (Key Managerial Personnel)
- Suhas Vasant Joshi
- Ajay Vasantbhai Mehta
- Ketan Harshadrai Mehta
Interest in promotion of the Company
Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.
Property Interest
The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.
Interest in Intellectual Rights of the Company
Promoters has not shown any interest in acquiring the intellectual rights of the company.
Montecarlo Limited IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | ___ Equity Shares of Rs 10/- each at an Issue Price |
| Of which: | |
| Reserved for Market Makers | __ Equity Shares of Rs 10/- each at an issue price. |
| Net Issue to the Public | ____Equity Shares of Rs 10/- each at an issue price. |
| Of which: | |
| Retail Investors Portion | ___ Equity Shares of Rs 10/- each at an Issue Price |
| Non-Retail Investors Portion | _____ Equity Shares of Rs 10/- each at an Issue Price. |
| Equity Shares outstanding prior to the Issue | ____Equity Shares of Rs 10/- each |
| Equity Shares outstanding after the Issue | ___ Equity Shares of Rs 10/- each |
Montecarlo Limited IPO Issue Object
These are the IPO Issue Objects of the company
- Funding working capital requirement of the Company
- Investment in MHHHPL for part-financing of Hubli Haveri HAM Project
- General corporate purposes
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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-15 | 5.71 | 23.06% | NA |
| 31-Mar-16 | 14.16 | 35.29% | NA |
| 31-Mar-17 | 14.73 | 29.05% | 54.43 |
- Industry P/E Ratio:
| Particulars | P/E ratio |
| Average | NA |
| Highest | NA |
| Lowest | NA |
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Montecarlo Limited IPO Lead Managers
| Lead Managers |
| Edelweiss Financial Services Limited Axis Capital Limited IDFC 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, Fax: +91 22 4918 6195 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 SEBI Registration No.: INR000004058 |
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, Karur Vyasa Bank Limited, BAnk of Baroda
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 | 6.7/10 | 6.4/10 | 6.6/10 | 6.1/10 | 6.2/10 |
| Kotak Securities | 6.7/10 | 6.7/10 | 6.7/10 | 6.4/10 | 6.3/10 |
| ICICI Direct | 6.6/10 | 6.3/10 | 6.7/10 | 6.5/10 | 6.5/10 |
| IIFL | 6.4/10 | 6.7/10 | 6.8/10 | 6.4/10 | 6.7/10 |
| Edelweiss | 6.7/10 | 6.4/10 | 6.4/10 | 6.3/10 | 6.7/10 |
| Zerodha | 6.5/10 | 6.4/10 | 6.7/10 | 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 |
The ratings would be updated once the financials and the other details of the IPO are released.
Montecarlo Limited IPO Grey Market Premium
The Montecarlo Limited IPO Grey Market Premium is yet to be announced. It will be updated as soon as the premium rates are announced.
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Montecarlo Limited IPO News
News 1 – IPO ISSUE OPENS SOON (Download Prospectus)
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