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

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
CriteriaRatings
Industry Sentiments 6.3/10
Industry Ranking 6.3/10
Company Background6.1/10
Company Reputation6.4/10
Competitive Edge6.4/10
Financial Statements6.5/10
Popularity Index6.2/10
Promoters Reputation6.3/10
Retail Appetite 6.2/10
Top Brokers Review6.3/10
Overall Ratings 6.3/10
Star Ratings★★★☆☆

Summary of Montecarlo Limited  IPO

Montecarlo Limited IPOMontecarlo 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 1X
Day 2 X
Day 3X
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-1731-Mar-1731-Mar-1631-Mar-1531-Mar-14
Total Assets15,820.3115,149.3812,877.939,311.88NA
Total Revenue13,281.5019,879.7316,956.6910,163.63NA
Total Expense731.821,317.641,285.87590.56NA
Profit After Tax732.621,325.341,282.37587.36NA

 

Earnings per Equity Share (in Lakhs)

31-Dec-1731-Mar-1731-Mar-16
Basic 8,5615.4115.04
Diluted 8.5615.4115.04

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:

  1. Mr. Kanubhai Mafatlal Patel
  2. 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 EPSRONW (%)NAV (Rs.)
31-Mar-155.7123.06%NA
31-Mar-1614.1635.29%NA
31-Mar-1714.7329.05%54.43
  • Industry P/E Ratio:
ParticularsP/E ratio
AverageNA
HighestNA
LowestNA

 

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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:
Investor grievance e-mail:
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 ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromters Reputation
Angel Broking6.5/106.6/106.6/106.4/106.4/10
Sharekhan6.7/106.4/106.6/106.1/106.2/10
Kotak Securities6.7/106.7/106.7/106.4/106.3/10
ICICI Direct6.6/106.3/106.7/106.5/106.5/10
IIFL6.4/106.7/106.8/106.4/106.7/10
Edelweiss6.7/106.4/106.4/106.3/106.7/10
Zerodha6.5/106.4/106.7/106.4/106.5/10
5Paisa6.7/106.4/106.3/106.7/106.5/10
Karvy6.8/106.3/106.7/106.4/106.0/10
Motilal Oswal6.6/106.4/106.6/106.6/106.4/10

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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