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Monte Carlo: The objects of the Offer are to achieve the benefits of listing the Equity Shares on the Stock Exchanges and for the sale of 5,433,016 Equity Shares by the Selling Shareholders. Further, the Company expects that the listing of the Equity Shares will enhance its visibility and brand image among its existing and potential customers and provide liquidity to the existing shareholders. The Company will not receive any proceeds of the Offer and all the proceeds will go to the Selling Shareholders.
Valuation
The company is bringing the issue at price band of Rs.630-645 at price-earnings multiple of 24.75-25.35 on post issue EPS of Rs.25.45. ‘Monte Carlo’ has been recognized as a ‘Superbrand’ for woollen knitted apparel. Considering strong brand image, vast distribution network and firm fundamentals; the issue looks attractively priced. Hence we recommend investor to SUBSCRIBE the issue.
The company is bringing the issue at price band of Rs.630-645 at price-earnings multiple of 24.75-25.35 on post issue EPS of Rs.25.45. ‘Monte Carlo’ has been recognized as a ‘Superbrand’ for woollen knitted apparel. Considering strong brand image, vast distribution network and firm fundamentals; the issue looks attractively priced. Hence we recommend investor to SUBSCRIBE the issue.
LINK
http://www.moneycontrol.com/mccode/news/article/article_pdf.php?autono=1240391&num=0
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