Montecarlo Ltd – a well-known construction firm has finally filed the draft papers with Sebi (Capital markets Regulator) to raise the fund around INR 550 Crore through IPO in upcoming times.

This Initial Public Offering comprises the fresh issues of INR 550 crore and offer for sale estimated 30 lack equity stocks by Kanubhai M Patel Trust – Existing shareholder.

The issue will be utilized to meet working capital requirements, investment in the running projects and other general purposes. IDFC Bank, Axis Capital and Edelweiss Financial Services will manage the public issue of the company.

About the Montecarlo Ltd:

It’s Ahmedabad-based construction company and has been serving clients for more than 20 years. Till date, they have completed more than 65 EPC (engineering, procurement, Construction) projects. In December 2017, the company has been got 11 infrastructure construction & development projects.

Investors, keep your eye on this stock and stay updated!