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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.
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.
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
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.
| 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 |
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
| 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% |
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%.
The table below will give you a complete dashboard view for all open buyback offer in current market.
| Company Name | Buyback Type | Offer Amount | Buyback Price | CMP | Record Date | Buyback Open Date | Buyback End Date |
|---|---|---|---|---|---|---|---|
| Tanla Platforms Ltd | Tender Offer | Rs 170 Cr | 1200 | 966.40 (-1.91%) | 25-10-2022 | TBD | TBD | Garware Technical Fibres Ltd | Tender Offer | Rs 90 Cr | 3750 | 4-11-2022 | TBD | TBD | Orbit Exports Limited | Tender Offer | Rs 10 Cr | 245 | 180.00 (6.48%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 299.20 (1.00%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 460.95 (-0.25%) | 22-04-2024 | 26-04-2024 | 03-05-2024 |
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?Last Updated on 2019-04-17T01:55:37+00:00
