Launched in 1984 as an exclusive woollen brand by Oswal Woollen Mills Limited (“OWML”), one of the Group Companies, Monte Carlo is one of the leading Indian apparel brands based on revenue (Source: Technopak Report, 2014). ‘Monte Carlo’ has been recognized as a ‘Superbrand’ for woollen knitted apparel in each edition of Consumer Superbrands India since its first edition in September 2004. It primarily caters to the premium and mid-premium branded apparel segment for men, women and kids, offering a comprehensive line of woollen, cotton and cotton-blended knitted and woven apparel and home furnishings through ‘Monte Carlo Exclusive Brand Outlets’ and MBOs, including a network of national chain stores under the ‘Monte Carlo’ brand. It operates two manufacturing facilities in Ludhiana, Punjab, one for woollen apparel products and one for cotton apparel products. The manufacturing facilities include facilities for product development, a design studio and sampling infrastructure. Almost all its woollen knitted products are manufactured in-house at the manufacturing facility. It has also recently commenced in-house manufacturing of some of its cotton t-shirts and thermals in April 2014. In June 2012, Samara Capital, a Mauritius based India focused private equity firm, through its affiliate, KIL, acquired a stake in the Company and currently holds 18.51% of the pre-Offer capital of the Company
-Public Issue opens December 3
-Price Band of Rs. 630 to Rs. 645 per Equity Share
Monte Carlo Fashions Limited (the “Company” or “Issuer”) anchor opens on Tuesday 2nd December 2014. The Issue will open on December 3, 2014, an initial public off... (more)
Dec 01, 2014 18:28 IST
MONTE CARLO FASHIONS LIMITED
