Monte Carlo Fashions allots 16.29 lakh equity shares to anchor investors

India Infoline News Service | Mumbai | December 03, 2014 14:48 IST

The anchor investors include Aditya Birla Private Equity Trust - A/C Aditya Birla Private Equity Fund 1; Aditya Birla Private Equity Trust - A/C Aditya Birla Private Equity Sunrise Fund; DB International (Asia) Ltd.; Tata Trustee Co. Ltd. A/C Tata Mutual Fund A/C Tata Midcap Growth Fund; and Birla Sunlife Trustee Company Private Limited.

Monte Carlo Fashions Limited (the "Company" or "Issuer") has allotted to anchor investors 16,29,904 equity shares at Rs. 645 per equity share (upper end of the Price Band) aggregating to Rs. 105.13 crore. The anchor investors include Aditya Birla Private Equity Trust - A/C Aditya Birla Private Equity Fund 1; Aditya Birla Private Equity Trust - A/C Aditya Birla Private Equity Sunrise Fund; DB International (Asia) Ltd.; Tata Trustee Co. Ltd. A/C Tata Mutual Fund A/C Tata Midcap Growth Fund; and Birla Sunlife Trustee Company Private Limited. Birla Mutual Fund has applied through six (6) schemes.
The Company allotted 3,41,159 equity shares to Aditya Birla Private Equity Trust - A/C Aditya Birla Private Equity Fund 1. It allotted 2,01,549 equity shares to Aditya Birla Private Equity Trust - A/C Aditya Birla Private Equity Sunrise Fund. It allotted 358,018 equity shares to DB International (Asia) Ltd. It allotted 1,08,983 equity shares to Tata Trustee Co. Ltd. A/C Tata Mutual Fund A/C Tata Midcap Growth Fund. It allotted 6,20,195 equity shares to Birla Sunlife Trustee Company Private Limited through the following Birla Mutual Fund schemes: Birla Sunlife Trustee Company Private Limited A/C Birla Sunlife Advantage Fund (54,280 equity shares), Birla Sunlife Trustee Company Private Limited A/C Birla Sunlife GenNext Fund (62,008 equity shares), Birla Sunlife Trustee Company Private Limited A/C Birla Sunlife MIP II Wealth 25 Plan (23,253 equity shares), Birla Sunlife Trustee Company Private Limited A/C Birla India Advantage Offshore Fund (1,39,518 equity shares), Birla Sunlife Trustee Company Private Limited A/C Birla Sunlife Midcap Fund (279,105 equity shares) and Birla Sunlife Trustee Company Private Limited A/C Birla Sunlife Small & Midcap Fund (62,031 equity shares).
  
The Issue opens on December 3, 2014, an initial public offering ("IPO) of 5,433,016 equity shares of face value of Rs. 10 each (the "Equity Shares") for cash at a Price Band of Rs. 630 to Rs. 645 per Equity Share through an Offer for Sale by Selling Shareholders (the "Offer"). Bids can be made for a minimum of 23 Equity Shares and in multiples of 23 Equity Shares thereafter. The Offer shall constitute 25% of the post Offer paid-up equity share capital of the Company. The Company may consider participation by Anchor Investors. The Anchor Investor Bidding Date shall be one Working Day prior to the Bid/Offer Opening Date. The Bid/ Offer closes on December 5, 2014.
The Offer is being made through the Book Building Process, in compliance with Regulation 26(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended ("SEBI ICDR Regulations") where 50% of the Offer will be allocated on a proportionate basis to Qualified Institutional Buyers ("QIBs") (the "QIB Category"), provided that the Company may allocate up to 60% of the QIB Category to Anchor Investors, on a discretionary basis (the "Anchor Investor Portion"), of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Offer Price. Further, 5% of the QIB Category (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only. The remainder shall be available for allocation on a proportionate basis to QIBs and Mutual Funds, subject to valid Bids being received from them at or above the Offer Price.
Further, not less than 15% of the Offer will be available for allocation on a proportionate basis to Non-Institutional Investors and not less than 35% of the Offer will be available for allocation to Retail Individual Investors, in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. Retail Individual Investors may participate in this Offer through the ASBA process by providing the details of the ASBA Accounts in which the corresponding Bid Amounts will be blocked by the SCSBs. QIBs (excluding Anchor Investors) and Non-Institutional Investors can participate in the Offer only through the ASBA process. Anchor Investors are not permitted to participate in this Offer through the ASBA process.
The Equity Shares issued though the Red Herring Prospectus are proposed to be listed on the Stock Exchanges - BSE Limited ("BSE") and National Stock Exchange of India Limited ("NSE").
The Book Running Lead Managers ("BRLMs") to the Offer are SBI Capital Markets Limited, Axis Capital Limited, Edelweiss Financial Services Limited and Religare Capital Markets Limited.
 

Advertisements

  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.