Monte Carlo Fashions Ltd Buyback Nov 2018

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Incorporated in 1984, Monte Carlo is subsidiary of the Oswal Woolen Mills Ltd. The Monte Carlo is a pioneer company in India to started branded garment. The company has specialized in woolen knitted garments with that company have a complete range of men and women wears, plus  other accessories like ties, belts, socks, etc. The company has its own R&D division to make consistent quality products and take care of the latest fashion. Monte Carlo still holds 50% of market share in woolen wear segment in India. The Company has its own brand showrooms and ties up with a multi-brand outlet in Brick & Motors segment and e-commerce website for multi-channel.

What is the Monte Carlo Fashions Ltd share buyback offer?

Nov 30, 2018: Monte Carlo Fashions Ltd (BSE:538836 | NSE:MONTECARLO) board has approved a proposal for buyback of up to 10 lakhs shares at Rs 550 per share, aggregating Rs 55 Cr (Buyback Offer Size) which is 4.60% of total paid-up equity share capital.

What is Monte Carlo Fashions Ltd Buyback details?

Below is the complete details about Monte Carlo Fashions Ltd Buyback. Record date, buyback open and close dates are announce in below section.

    Buyback Type: Tender Offer
    Buyback Offer Amount: Rs 55 Cr
    Buyback Number of Shares: 10 lakhs
    Buyback Price: Rs 550
    Buyback Offer Size (In %): 4.60%
    Total Share Capital: Rs 843.31 Cr
    Face Value: 10 Per Equity Share

Can I Invest today to participate in Monte Carlo Fashions Ltd buyback offer? No

What are Monte Carlo Fashions Ltd Buyback Important Dates?

In this section we have covered all important dates related to Monte Carlo Fashions Ltd Buyback. Dates are updated as they are announced. The most noted dates are record date and buyback open and close dates, which one should use to participate in buyback.

    Monte Carlo Fashions Ltd buyback offer important dates
    Buyback Activity Date
    Board Meeting for Buyback proposal 30th Nov 2018
    Buyback Approval date 30th Nov 2018
    Public Announcement of Buyback 30th Nov 2018
    Record Date 22nd Feb 2019
    Buyback opens on/Buyback Opening Date 19th Mar 2019
    Buyback closes on/Buyback Closing Date 2nd Apr 2019
    Cut-off date to receive completed tender forms by Registrar 4th Apr 2019
    Cut-off date for verification by the Registrar 9th Apr 2019
    Cut-off date to inform Stock Exchange on acceptance or non-acceptance
    of tendered Equity Shares by Registrar
    9th Apr 2019
    Last date of settlement of bids on the stock exchange 10th Apr 2019
    Last date to return unaccepted shares by Registrar 10th Apr 2019
    Last date of extinguishment of Equity Shares 16th Apr 2019

Monte Carlo Fashions Ltd Share Holding Pattern as of June 2018

Stock Holding table gives a clear picture on retail investor holdings of Monte Carlo Fashions Ltd shares which helps investor to decide on participating in buyback offer. The less number of retail holdings means higher chance of acceptance in buyback under retail category which is equal to higher profit.

    Holding Type In %
    Promoter-Foreign 0.0%
    Promoter-Indian 64.77%
    Non-Promoter-Institutions 7.27%
    Non-Promoter-Non-Institutions 27.95%

Monte Carlo Fashions Ltd Public Announcement >>Document

Monte Carlo Fashions Ltd Letter of Offer >>Document

Monte Carlo Fashions Ltd Post Buyback Public Announcement >>Document

Monte Carlo Fashions Ltd Ratio of Buyback

    For Buy back shares holders are divided in 2 categories:

    • Reserved category for Small Shareholders ("Reserved Category") - Who holds Max Rs 2 Lakhs worth of shares @Rs 357.30 per equity share - in such case Max 559 Equity Shares as of Record Date 22nd Feb 2019.
    • General category for all Shareholders other than Small Shareholders ("General Category")

    Monte Carlo Fashions Ltd Ratio of Buy Back

    Category Entitlement Ratio of Buyback Per Equity Shares Entitlement Ratio of Buyback in %
    Reserved Category 10 Equity Share out of every 153 fully paid-up Equity Share held on the Record Date. 6.54%
    General Category 8 Equity Share out of every 183 fully paid-up Equity Share held on the Record Date. 4.38%

Buyback Calculator - Check your Profit/Loss and Breakeven point for left out shares.

Post buyback comments Monte Carlo Fashions Ltd

    For Monte Carlo Fashions Ltd Buyback Offer, Report updated by the manager of buyback -

    In general category - response received 547.82%, No. of Equity Shares reserved in Buyback was 850000 where valid bid received for retail category was 4656450 which is 547.82% oversubscribed.

    In Reserved category for Small Shareholders (Retail) - response received only 833.15%, No. of Equity Shares reserved in Buyback was 150000 where valid bid received for retail category was 1249718 which is 833.15%. Final Acceptance Ratio for Retail Investors was 8.50%.

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Detail Article on Benefit from buyback offer >> Read

Monte Carlo Fashions Ltd Buyback Important dates - Record Date,Buyback Start and End date. Buyback Details - Buyback Price, Buyback Offer Size, Buyback Number of Shares, Retail Investors limit. What is the record date for Monte Carlo Fashions Ltd? How can I apply in Monte Carlo Fashions Ltd Buyback offer?

Company Contact Information

Monte Carlo Fashions Ltd
B-XXIX-106, G.T. Road,
Sherpur,
Ludhiana - Punjab - 141003
Website: http://www.montecarlocorporate.com

Registrar Contact Information

Link Intime India Pvt. Ltd.
C 101, 247 Park,
L.B.S. Marg, Vikhroli (West)
Mumbai - MH - 400083
Website: http://www.linkintime.co.in
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Last Updated on 2019-04-17T01:55:37+00:00


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User Comments

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1. Sachin D  3/18/2019 4:28:24 PM Reply
6% is a very poor performance for the retail investor, Max it will go up to 10 to 15%.






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