Friday, January 13, 2017

Monte Carlo Fashions : Appears to be out of fashion

Hyped IPO of 2014. Lead managed by SBI Capital Markets Limited, Axis Capital Limited,Edelweiss Financial Services Limited and Religare Capital Markets Limited.

The IPO was priced at Rs 645, currently trading around RS 410. Down Rs 235. Trading volumes are very low.

The company has to tweak its business model to take on the Ecommerce giant, stay relevent in the fashion segment.

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