Montecarlo Limited IPO

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Montecarlo Limited IPO

Montecarlo Limited IPO is an infrastructure construction and development company, with operations diversified across highways, railways, buildings and factories, mining, energy infrastructure and water and irrigation verticals of the infrastructure sector. As part of our infrastructure construction and development operations, through our Subsidiaries, we are undertaking two highways projects on HAM basis and one mining project on MDO basis.
Highways: We undertake design, construction, widening, strengthening, operation and maintenance of highways, roads, carriageways, major bridges, culverts and road over bridges. As per our Restated Consolidated Financial Statements, our revenue from highways vertical accounted for 46.41% and 36.71% of our contract revenue (including revenue from property development) for the period of nine months ended December 31, 2017 and Fiscal 2017, respectively. Furthermore, as of December 31, 2017, our highways infrastructure construction and development projects accounted for 69.76% of our Order Book
Railways: We undertake construction of railway stations and bridges, track laying, gauge conversion, electrical signaling and communication works. As per our Restated Consolidated Financial Statements, revenue from our railways vertical accounted for 11.61% and 12.74% of our contract revenue (including revenue from property development) for the period of nine months ended December 31, 2017 and Fiscal 2017, respectively. Furthermore, as of December 31, 2017, our railways infrastructure construction and development projects accounted for 8.62% of our Order Book
Building and Factories: We undertake construction of commercial complex, district court, housing projects, townships, IT parks, hotels, shopping malls, hospitals and ancillary construction works for industrial buildings. As per our Restated Consolidated Financial Statements, revenue from our building and factories vertical accounted for 19.65% and 22.05% of our contract revenue (including revenue from property development) for the period of nine months ended December 31, 2017 and Fiscal 2017, respectively. Furthermore, as of December 31, 2017, our building and factories projects accounted for 9.77% of our Order Book;
Mining: We undertake blast-hole drilling, removal of overburden, removal of inter-burden and excavation of coal and lignite, as part of infrastructure construction and development activities under the mining vertical. As per our Restated Consolidated Financial Statements, revenue from our mining vertical accounted for 15.59% and 14.65% of our contract revenue (including revenue from property development) for the period of nine months ended December 31, 2017, and Fiscal 2017, respectively. Furthermore, as of December 31, 2017, our mining infrastructure construction and development projects accounted for 7.54% of our Order Book
Energy infrastructure: We undertake design, installing, laying testing and commissioning of electricity transmission lines, electricity distribution lines, and electricity sub-stations, respectively. As per our Restated Consolidated Financial Statements, revenue from our energy infrastructure vertical accounted for 3.90% and 9.49% of our contract revenue (including revenue from property development) for the period of nine months ended December 31, 2017 and Fiscal 2017, respectively. Furthermore, as of December 31, 2017, our energy infrastructure construction and development projects accounted for 0.87% of our Order Book
Water and Irrigation: We undertake construction of, canals, water supply projects, aqueducts, and sewage drainage pipelines. As per our Restated Consolidated Financial Statements, revenue from our water and irrigation vertical accounted for 2.84% and 4.36% of our contract revenue (including revenue from property development) for the period of nine months ended December 31, 2017, and Fiscal 2017, respectively. Furthermore, as of December 31, 2017, our water and irrigation projects accounted for 3.44% of our Order Book.

Objects of the Montecarlo Limited IPO:

Promoters of Montecarlo Limited Company are: The Offer for Sale Our Company will not receive any proceeds from the Offer for Sale by the Selling Shareholder. The Fresh Issue Our Comutilizeoposes to utilise the Net Proceeds of the Free sh Issue towards funding of the following objects: (a) Working capital requirements of our Company (b) Investment in MHHHPL for part-financing of six-laning and strengthening of Hubli-Haveri section of NH-48 (old NH-4) from 340.00 km to 403.40 km in Karnataka (the “Hubli Haveri HAM Project”) (c) General corporate purposes.

Montecarlo Limited IPO Details:

Face Value: ₹ 10 Per Equity Share
Listing At: NSE,BSE

Promoters And Management:

Promoters of Montecarlo Limited Company are: Kanubhai Mafatlal Patel is the Chairman and Managing Director of our Company. He discontinued his pursuit for graduation in commerce from C.U. Shah Commerce College, Ahmedabad after the second year. He has over 42 years of experience in the areas of infrastructure including construction, development, and operation. He was awarded the Patidar Udyog Ratna at Sardardham Global Patidar Business Summit 2018 in 2018 and Bharat Udyog Ratan by All India Business Development Association in 2015. He was previously a partner with Bhavna Engineering Company and Bhavna Construction Co. He has been a Director on the Board of our Company since the incorporation of our Company i.e. March 20, 1995. Brijesh Kanubhai Patel is the Joint Managing Director of our Company. He holds a bachelor’s degree in mechanical engineering from the University of Pune. He has over 19 years of experience in the areas of execution of infrastructure projects. He has been a Director on the Board of our Company since March 2, 1998. Mrunal Kanubhai Patel is the Joint Managing Director of our Company. He holds a bachelor’s degree in technology (Information Technology) from the Nirma University of Science and Technology. He has over 16 years of experience in the areas of infrastructure projects execution. He has been a Director on the Board of our Company since January 23, 2002.

Financials of Montecarlo Limited IPO:

Particulars For the year/period ended (in Rs. Lacs)
31-Dec-2017 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 15,820.31 15,149.38 12,877.93 9,311.88 --
Total Revenue 13,281.50 19,879.73 16,956.69 10,163.63 --
Profit After Tax 731.82 1,317.64 1,285.87 590.56 --

Recommendation on Montecarlo Limited IPO:

Review and Recommendation of

Montecarlo Limited IPO

from our side is: Under Analysis. We'll update it soon here.

Lead Manager of Montecarlo Limited IPO:

  1. Axis Capital Limited
  2. Edelweiss Capital Limited
  3. IDFC Bank Limited

Registrar of Montecarlo Limited IPO:

  1. Link Intime India Private Limited

Company Address:

Montecarlo Limited 706, 7th Floor, Shilp Building, Near Municipal Market, C.G. Road, Navrangpura, Ahmedabad - 380 009 Phone No. +91 79 7199 9300 Fax No. +91 79 2640 8444 E-mail: kalpesh.desai@mclindia.com

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