Monte Carlo Fashions IPO receives subscription of 7.83 times

The Initial Public Offering (IPO) of Monte Carlo Fashions Limited has received very good response from investors, with the issue garnering total subscription of 7.83 times.

The company had come out with a public issue of 5433016 Equity Shares including Anchor Portion of 1,629,904 equity shares. The Total Issue Size for the public was 38,03,112 equity shares. The company has received total bids of 2,97,90,980 equity shares against the offer of 38,03,112 equity shares. The issue has received bids for 1,23,62,960 equity shares at Cut-off Price.

The Qualified Institutional Buyers (QIBs) portfion of the issue has received subscription for 15166131 equity shares against the offer of 1086603 equity shares resulting in a subscription of 13.96 times.

The Non Institutional Investors portion fo the issue has received subscription of 1394099 equity shares against the offer of 814953 equity shares resulting in a subscription of 1.71 times.

The Retail Individual Investors(RIIs) portion of 1901556 equity shares has received subscription of 13230750 equity shares resulting in a subscription of 6.96 times. The issue opened for subscription on December 3, 2014 and closed for subscription on December 5, 2014.

Source : Equity Bulls

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