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

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.

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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 IPOCompany 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.


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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

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.

Competitive Strengths of Montecarlo Limited:

  • Strong execution and implementation skills with established track record
  • Experienced and Professional Management team with end to end execution capabilities
  • Consistent financial performance and credit profile
  • Robust Order Book provides visibility for growth
  • Diversified infrastructure portfolio with diverse geographical presence

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 – 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-Mar-19Mar-1831-Mar-17
Total Assets24,423.2515,940.8814,511.50
Total Revenue25,047.1519,462.4319,866.31
Total Expense22,982.1218,210.3518,348.79
Profit After Tax1,546.241,492.751,116.65

 

Earnings per Equity Share (in Lakhs)

31- Mar-19Mar-1831-Mar-17
Basic 18.0817.4613.06
Diluted 18.0817.4613.06

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. KANUBHAI M. PATEL TRUST (REPRESENTED THROUGH ITS TRUSTEES),
  2. KANUBHAI MAFATLAL PATEL,
  3. BRIJESH KANUBHAI PATEL AND
  4. 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

Interest in promotion of the Company

The Promoters are interested in Company to the extent that they have promoted Company and their respective directorship and shareholding in Company, the Group Companies and the Subsidiaries (as applicable) and the dividends receivable, if any, and any other distributions in respect of such shareholding.

Property Interest

The Promoters are not interested in the properties acquired by Company in the three years preceding the date of filing this Draft Red Herring Prospectus with SEBI or proposed to be acquired by Company, or in any transaction by Company for the acquisition of land, construction of building or supply of machinery.

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 Up to [●] Equity Shares, aggregating up to Rs [●] million
 Of which:
 Reserved for Market Makers Up to [●] Equity Shares, aggregating up to Rs 4,500 million
 Net Issue to the Public 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 PortionNot less than [●] Equity Shares
 Equity Shares outstanding prior to the Issue85,500,003 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 EPSRONW (%)NAV (Rs.)
31-Mar-1918.0822.50%80.39
Mar-1817.4628.24%NA
31-Mar-1713.0627.81%NA
  • Industry P/E Ratio:
ParticularsP/E ratio
Average13.42
Highest18.66
Lowest8.18

Montecarlo Limited IPO Lead Managers

Lead Managers
Edelweiss Financial Services Limited
14th Floor, Edelweiss House
Off. C.S.T Road, Kalina
Mumbai – 400 098
Tel: +91 22 4009 4400
E-mail:
Investor grievance e-mail:
edelweissfin.com
Website: www.edelweissfin.com
Contact Person: Disha Doshi/ Jaydeep Sarnaik

Lead Managers
Axis Capital Limited
1st Floor, Axis House
C 2 Wadia International Centre
Pandurang Budhkar Marg, Worli
Mumbai – 400 025
Tel: +91 22 4325 2183
Email:
Investor grievance e-mail:
Website: www.axiscapital.co.in
Contact Person: Mayuri Arya

Lead Managers
HDFC Bank Limited
Investment Banking Group, Unit No. 401 & 402
4th Floor, Tower B, Peninsula Business Park
Lower Parel, Mumbai – 400 013
Tel: +91 22 3395 8233
E-mail:
Investor grievance e-mail:

Website: www.hdfcbank.com
Contact Person:Ravi Sharma/ Harsh Thakkar

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:
Investor grievance e-mail:

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

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
Sharekhan6.8/106.4/106.6/106.1/106.2/10
Kotak Securities6.7/106.8/107.7/106.4/106.3/10
ICICI Direct6.6/106.3/106.7/106.5/107.5/10
IIFL6.4/106.7/106.8/106.4/106.7/10
Edelweiss6.8/106.4/106.4/106.3/106.8/10
Zerodha6.5/106.4/107.7/106.4/106.5/10
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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