At Monarch Networth Capital
Limited, we are committed
to transforming aspirations into
tangible achievements.

Exicom is an India headquartered power management solutions provider, operating under two business verticals, (i) critical power solutions business, wherein they design, manufacture and service DC Power Systems and Li-ion based energy storage solutions to deliver overall energy management at telecommunications sites and enterprise environments in India and overseas and (ii) Electric Vehicle Chargers solutions business, wherein they provide smart charging systems with innovative technology for residential, business, and public charging use in India.

Our Approach

As the Left lead banker for Exicom, we provided strategic guidance throughout the IPO process, ensuring the company could effectively capitalize on its growth potential in critical power solutions and electric vehicle charging systems. Our comprehensive analysis of Exicom's financial landscape allowed us to tailor a roadmap aligned with its operational goals. We identified and engaged potential investors, emphasizing Exicom's innovative technology and market position. Our efforts ensured compliance with regulatory requirements and optimized funding terms. The net proceeds from the IPO will be utilized for part-financing the establishment of production and assembly lines, repaying certain borrowings, and funding incremental working capital needs. By facilitating this process, we have positioned Exicom to enhance its capabilities and maintain its leadership in the power management solutions sector.

Results & Key Highlights

The IPO process for Exicom has been a resounding success, characterized by exceptional subscription rates and robust investor interest. We played a key role in determining the company's fair value, which contributed to outstanding levels across various investor categories. In the Pre-IPO round, we secured an impressive 86% of the total Rs. 710 million raised. Our influence extended to the anchor book, with approximately 61% of the shares reserved for anchor investors and around 78% participation from mutual funds. Our marketing efforts leveraged a strong network of institutional investors, alternative investment funds (AIFs), high-net-worth individuals (HNWIs), and retail investors. Overall, the total subscription reached an impressive 132.66X, with Qualified Institutional Buyers (QIBs) at 124.24X, Non-Institutional Investors (NIIs) at 158.82X, and Retail Individual Investors (RIIs) at 121.61X. This remarkable response underscores the confidence in Exicom's growth potential and positions the company for a successful future in the power management solutions sector.

IRM Energy, a leading force in the energy sector, committed to delivering sustainable and value-driven solutions. The company specializes in the development of Natural Gas distribution projects that cater to industrial, commercial, domestic, and automobile customers. With a formidable parentage in Cadila Pharmaceuticals Ltd. and a robust technical partnership with Japan's fourth-largest gas company, Shizuoka Gas Co. Ltd., IRM brings innovation and reliability to the forefront of the energy landscape.

Our Approach

Monarch takes pride in its role as the chief advisor to IRM's IPO, playing a pivotal part in shaping the company's trajectory towards success. Working seamlessly with fellow bankers, our focus extended beyond mere financial transactions. We actively participated in marketing the offer, identifying strategic growth areas for the company, and positioning it for sustained success in the dynamic City Gas Distribution (CGD) sector. With a vision to expand its footprint into existing and emerging geographies, optimizing technology adoption, and delivering cost-effective energy solutions through an enhanced captive distribution channel.

Results & Key Highlights

The success of IRM's IPO stands as a testament to our collaborative efforts. Boasting an oversubscription rate of 27 times, the IPO garnered overwhelming investor interest, reaching a substantial subscription of over 10,000 cr. The Qualified Institutional Buyers (QIB) section witnessed an exceptional subscription rate of 44 times, affirming the confidence investors have in our stock ideas. This outstanding performance positions IRM on the brink of becoming a comprehensive energy solution provider, unlocking substantial value for stakeholders. Our dedication to a nuanced and rigorous approach to collaboration is evident, showcasing Monarch's immense potential in shaping the future of the energy industry.

Monarch Networth Capital Ltd (MNCL) is excited to share the inspiring success story of a recent Merger and Acquisition (M&A) journey that unfolded under our expert guidance. The Klass Pack Ltd. a subsidiary of Borosil Ltd. acquired 90.17% of Goel Scientific Glass Works Ltd. exemplifies the seamless integration and prosperity that our tailored M&A advisory services bring to the business.

Our Approach

Monarch Networth's longstanding relationship with Borosil paved the way for a significant opportunity in the form of this transaction. Facing inherent challenges as a smaller company, Goel Scientific found effective solutions through the expertise of our team. This marked the inception of a transformative journey, as our team played a pivotal role in connecting Goel Scientific Glass Works Ltd with Borosil Ltd. The proposed expansion focused on glass industrial process systems, aligning seamlessly with Borosil’s Scientific & Industrial Products (SIP) portfolio. Following the successful completion of the transaction, Goel Scientific became a subsidiary of Klass Pack Ltd. and a step-down subsidiary of Borosil Ltd. This strategic move not only addressed the specific challenges faced by Goel Scientific but also signified a significant integration within the broader corporate structure.

Results & Key Highlights

The successful completion of the merger exceeded expectations, creating a powerhouse poised for sustained growth and market dominance. The integration was seamless, and the synergies between Klass Pack Ltd. and Goel Scientific Glass Works Ltd are already driving unparalleled success in the industry. Our approach ensures that the strategic goals of both parties are not only met but synergized for collective success, creating a robust foundation for future growth. Our meticulous planning anticipates challenges, mitigates risks, and maximizes opportunities for a smooth transition.

Monarch Networth Capital Ltd (MNCL) is excited to showcase the remarkable success story of our client Dharmaj Crop Guard Limited (‘DCGL’), where we acted as a Merchant Banker to a INR 2,500 Mn Initial Public Offering (IPO) in the agrochemical sector. The company is engaged in the business of manufacturing, distributing, and marketing of a wide range of agro-chemical formulations.

Our Approach

From the preparatory stages to the day of the IPO, our team was at the forefront, navigating regulatory landscapes, conducting market analysis, and fine-tuning the financial narrative. We worked hand in hand with DCGL, ensuring that every aspect of the IPO process aligned seamlessly with their corporate vision.

Results & Key Highlights

The IPO witnessed overwhelming success, surpassing expectations and capturing the attention of investors globally, subscribed 38x with QIB 51x, NII 56x & RII 23x. Monarch Networth dominated the anchor book by procuring ~53% of the shares reserved for anchor investors. DCGL not only raised significant capital for expansion but also garnered widespread recognition as a leader in sustainable agrochemical solutions. Our comprehensive understanding of the agrochemical industry supported by our Internal Research team enabled us to position DCGL as an attractive investment opportunity. Navigating the intricate regulatory landscape, we ensured a smooth and compliant IPO process.

HFCL stands as a trailblazer in the digital communication industry, providing comprehensive end-to-end digital network solutions. With a global footprint, HFCL is dedicated to facilitating high-speed and secure voice and data transmission for telecommunications, defence, and railways.

Our Approach

Monarch takes immense pride in its pivotal role as one of the bankers in HFCL's QIP of INR 6,000 Mn creating a path for its transformative journey. The funds raised were earmarked for crucial initiatives such as the upgradation of research and development, expansion of existing optic fiber and cables capacity, and strategic capital expenditure for defense facilities. This strategic move not only marked a significant milestone for HFCL but also showcased Monarch's rising prominence and proven capabilities. The QIP received response from various institutions; Reliance Ventures, Quant Mutual Fund, Wealth, Discovery, Segantii, Millennium, among others. Building on the success of a previous QIP, Monarch once again partnered with HFCL in Sept’2023 as the sole & exclusive banker for its recent issue of INR 3,530 Mn, thereby reinforcing its successful and strategic partnership with HFCL. This successful financial transaction not only strengthened the financial position of HFCL but also positioned Monarch as a reliable and effective partner in facilitating such initiatives.

Results & Key Highlights

The QIP garnered substantial interest, with a subscription rate of approximately 4x, attracting investments from key industry players, including Reliance Industries, Reliance Ventures, and Quant Mutual Fund, all of whom increased their existing stake. This capital infusion is a strategic move to propel HFCL's ambitious plan to deploy 5G technology, aiming to reach over 100 million households. This places HFCL in a commanding position to drive innovation and lead the evolution of digital communication, solidifying its commitment to technological excellence and forward-looking solutions.

Monarch Networth Capital Ltd (MNCL) was the Lead Banker to Alembic Pharmaceutical Ltd’s fund raise of Rs 7,500 Mn via Qualified Institutional Placement (QIP). Alembic Pharmaceuticals Limited is an Indian pharmaceutical major that manufactures and market’s India Formulations, International Generics, and Active Pharmaceutical Ingredients (APIs) across the globe.

Our Approach

In November 2019, Monarch Networth initiated an extensive research report for Alembic Pharmaceutical Ltd when its market capitalization stood at ₹9,000 crores. Our Research Team believed significant potential in the stock, successfully reaching out to all institutional investors. The fruition of our investment thesis became evident as the stock surged from ₹9,000 crores to ₹18,000 crores in market capitalization within a year. This success not only earned recognition from Alembic Pharma but also bolstered confidence in our capabilities. This trust was further solidified when we were chosen as a partner in their subsequent fundraising initiatives. This collaborative journey underscores our dedication to insightful research, strategic foresight, and the ability to drive positive transformations within the financial ecosystem.

Results & Key Highlights

The QIP exceeded expectations, attracting significant interest from institutional investors. Our in-depth understanding of the pharmaceutical sector enabled us to position Alembic Pharmaceutical Ltd as an attractive investment opportunity for institutional investors. The QIP garnered substantial interest, with a subscription rate of approximately 2x, attracting investments from key industry players such as Tata MF, HDFC Life, Sundaram MF, Bajaj Life, Nippon India MF.

KEI Industries, a trailblazer in cable and wire manufacturing, boasts an expansive product portfolio and has successfully ventured into Engineering, Procurement, and Construction (EPC) services for Power, Distribution, Transmission, and sub-station projects. The company's commitment to excellence and adaptability positions it as a frontrunner in the industry.

Our Approach

Monarch strategically assumed the role of advisor to KEI Industries' INR 5,000 Mn Qualified Institutional Placement (QIP) in January 2020, acknowledging the company's potential for industry leadership. Our role extended beyond the transactional, allowing us to identify & market suitable opportunities for KEI Industries to notable investors such as; enhance its product capacity through greenfield and brownfield projects and other strategic initiatives.

Results & Key Highlights

The QIP received stellar success with participation from various notable investors, including Norges Bank – Govt. Pension Fund Global, TATA AIA Life Insurance Company Ltd., Pioneer Investment Fund, and DSP Equity. Following the successful closure of the QIP, KEI Industries embarked on a dynamic growth trajectory. KEI Industries has earmarked substantial investments, planning around INR 10,000 Mn for greenfield projects in Gujarat over the next 3-4 years and approximately INR 500 Mn for the brownfield expansion of the current unit. These strategic initiatives underscore KEI Industries' commitment to innovation, sustainable growth, and its pivotal role as a key industry player.

Raising 729cr in its 3rd fund; MNCL Capital Compounder Fund -2 & crossed 1000 Cr AUM.

Monarch AIF raised an impressive Rs 729 Cr in its 3rd long only fund in the month of April 2024 and crossed 1000cr of AUM within 4 years. The growth has been achieved by repeat clients and raising of new funds through Monarch’s direct relationships underscoring the goodwill enjoyed by the asset management entity of the group.

Monarch AIF is widely recognized in the markets for its bold and distinctive investor newsletters, accessible at https://sales.mnclgroup.com/MNCL-LMS/AIF/Investor_Newsletter.pdflink. These newsletters enjoy widespread readership and following. Notably, several newsletters have garnered attention from prominent print media, exemplified by coverage in NDTV Profit.

Early closure of maiden fund (MNCL Capital Compounder Fund) returning 100% capital to investors at attractive IRR.

In October 2020, Monarch AIF achieved a noteworthy milestone by successfully launching its inaugural fund under the Alternative Investment Fund (AIF) umbrella—the MNCL Capital Compounder Fund. This closed-ended, long-only Category 3 equity scheme made a remarkable debut, securing an impressive Asset Under Management (AUM) of Rs 70 crore directly from marquee corporates and Ultra High Net Worth Individual (UHNI) investors, all without the involvement of intermediaries. The accomplishment served as a testament to the firm's capacity to raise funds, driven by robust relationships with investors independently. The fund's unique investment strategy further enhanced its attractiveness. After a tenure of 2 years and seven months, the fund was pre-closed in May 2023, returning 100% of the capital to investors with an Internal Rate of Return (IRR) of 23.5% (post all fees and expenses).

In August 2022, Monarch AIF achieved closure of its second long only equity fund under the AIF umbrella — the MNCL Capital Compounder Fund – I. The fund raised in this scheme stood at Rs 252 crore which was raised directly from marquee corporates and Ultra High Net Worth Individual (UHNI) investors without involving intermediaries. The fund is currently operational and has achieved an attractive annualised IRR of 28.3% since inception (post all fees and expenses).