Montecarlo Limited IPO - Montecarlo Limited IPO Date, Share Price And News | Motilal Oswal
Montecarlo Limited IPO - Montecarlo Limited IPO Date, Share Price And News | Motilal Oswal

Montecarlo Limited IPO - Montecarlo Limited IPO Date, Share Price And News

About the company

Montecarlo Limited is an upcoming IPO. Montecarlo Limited is an infrastructure construction and development company incorporated on March 20, 1995, in Ahmedabad, Gujarat as a private limited company. The company has widespread operations in infrastructure projects across 14 states in India developing highways, railways, mining, energy, water, irrigation, and building factories, housing complexes, commercial properties, etc. The company specializes in EPC projects from government authorities.

The company’s revenue from operations for the fiscal years 2017, 2018, 2019 as per Restated Financial Statements are INR 1979.4 cr, INR 1935.5 cr, and INR 2464.3 cr respectively.

The Profit After Tax for the years 2017, 2018, and 2019 as per the company’s Restated Financial Statements are INR 111.6 cr, INR 149.2 cr, and INR 154.6 cr, respectively.

Their Order Book as of June 30, 2019 aggregates to INR 9161.2 cr. They have completed 79 EPC projects and 39 are ongoing.

Montecarlo Limited IPO Details

- Montecarlo Limited Date

The opening and closing date for this new IPO are yet to be announced.

- Montecarlo Limited Share Price 

Fresh Issue - A fresh issue aggregating to INR 450 crores is being made.

Offer for Sale - An offer for sale of 30 lakh equity shares by the promoter and selling shareholders of the company has been notified.

Face Value - The face value of the Montecarlo Limited equity share is INR 10.

Cash Price - The cash price and price band of the shares are yet to be notified.

Equity Shares outstanding prior to the issue are 85,500,003.

Issue Objective

- The proceeds from the fresh issue will be advanced toward the following:

- The working capital requirements of the company

- Part project financing of Hubli-Haveri section of NH 48 from 340 km to 403.4 km (six-laning and strengthening) through MHHHPL.

- General corporate expenses

Listing

The company will list on the both National Stock Exchange and the Bombay Stock Exchange.

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