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.
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[ws_table id=”605″] Payment Schedule for Retail Application [ws_table id=”606″]
[wptabtitle] Company Profile[/wptabtitle] [wptabcontent]
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
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Subscription Data for Monte Carlo Fashions Ltd [ws_table id=”608″]
[wptabtitle] Allotment Listing[/wptabtitle] [wptabcontent]
Registrar of Issue : Link Intime
Listing : NSE & BSE