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Creating value by leveraging long-standing corporate relationships across diverse businesses
Maximizing returns through personalized wealth management solutions.
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Discussion on our investment methods and Monarch AIF’s USP
The first one after the elections, the upcoming Union Budget is crucial.
Outlook for 2024 and why flexicap funds are best now
Know Your Company- Waree Energies Limited
Know Your Company- Goldiam International Limited
The scary side of “Super Quality Stocks” hiding in plain sight and Monarch AIF’s stock selection methodology
Discussion on our investment methods and Monarch AIF’s USP
The first one after the elections, the upcoming Union Budget is crucial.
Outlook for 2024 and why flexicap funds are best now
Know Your Company- Waree Energies Limited
Know Your Company- Goldiam International Limited
The scary side of “Super Quality Stocks” hiding in plain sight and Monarch AIF’s stock selection methodology
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What captured our attention
While the gems and jewellery space was going through its own set of challenges (in the backdrop of fall out of major jewellery players) we looked into Goldiam Int. given its technology expertise and product offering (lab-grown diamonds), the client market (100% export), superior balance sheet with net cash position, history of dividend payouts and buy-backs. Aspects like superior board, management too held meaningful importance.
Valuation Discrepancy Insights
At a market cap of ~Rs 12bn at time of initiation, Goldiam International was under-researched and under-valued given its growth potential and the promising US market opportunity.
Monarch Networth's Value-Added Contribution
Being the first one to cover the stock, we were able to market the story in a more effective and timely manner. Our comprehensive report including periodic channel checks / study of competitors provided comfort to our investors. Since our coverage initiation, the company's stock price has turned 2.7x, a testament to our insights and ability to pick up stocks at right time.
What captured our attention
Revenge travel was gaining prominence post the COVID pandemic. With tourism having hit the bottom, we were confident that Wonderla Holidays will gain momentum as economy opens and themes like amusement / water park play through. We choose Wonderla Holidays given its industry leading margins, debt-free balance sheet, ability to generate cash flows, EBIDTA/OCF conversion and management pedigree.
Valuation Discrepancy Insights
Wonderla Holidays was grossly undervalued given its existence capacity, new initiatives towards enhancing its visibility and upcoming parks.
Monarch Networth's Value-Added Contribution
We were amongst the early one’s to initiate coverage on the stock in Feb-2023. We marketed the stock very aggressively to funds that saw the DII holding increase by more than 5% in a very short time. Market participants started accepting our thesis. Since our coverage initiation, the company's stock price has generated 1.5x, a testament to our insights and support.
What captured our attention
We liked FIEM due to its strong technology expertise and complete backward integration leading to best in industry margins along with an expanding client base in EV. Additionally, FIEM’s continuous drive for business expansion especially on the 4W lighting business bolstered our conviction.
Valuation Discrepancy Insights
FIEM was undervalued in comparison to its business expansion plans, thereby driving our re-rating thesis.
Monarch Networth's Value-Added Contribution
We take extreme pride in being the first and sole broker to initiate coverage on FIEM Industries. Our detailed and insightful report offered a compelling investment thesis, while providing clients a detailed perspective of the management and the company. Since initiating the coverage for FIEM, It’s stock price has sky-rocketed 2.5x, a clear testament to the value of our insights and the support we provide. With in-depth analysis and regular updates, we have become the go-to resource for our clients, ensuring they are always informed and empowered to make the right decisions.
What captured our attention
Alembic Pharma emerged as a standout with the nation's highest R&D investment in the pharmaceutical sector. Their robust product pipeline drove an impressive 40% year-on-year expansion in the US market from FY15-20. Additionally, substantial investments in complex generics (INR30bn) reinforced its dominant market position.
Valuation Discrepancy Insights
At the outset, the company traded at a modest 13x PE (FY22E) compared to peers at over 18x. The consensus failed to grasp the potential of US supply shortages and the impact of increased capital expenditure.
Monarch Networth's Value-Added Contribution
We distinguish ourselves as one of the select brokers covering Alembic Pharma. Our clients benefitted from privileged access to senior management, facilitating informed investment decisions.
What captured our attention
Their dedication to self-reliance and their impressive international clientele, including BMW, Volkswagen, and Mercedes, showcased a shared commitment to excellence and innovation, making them a compelling partner for Monarch Networth Capital Limited.
Valuation Discrepancy Insights
We initiated coverage on the stock when it was trading at throw away valuations of 9.9x forward PE (FY22E) compared to its peers at 15x+. Market participants grossly missed out on the export opportunity in the PVC space given its niche product offerings and the long-standing relationships with various OEMs.
Monarch Networth's Value-Added Contribution
We distinguish ourselves as one of the only brokers covering Mayur Uniquoters. We analyzed its global peers, improved corporate visibility for our HNI / institutional investors, and created wealth for the stakeholders.
What captured our attention
Kirloskar Ferrous Industries stood out in the market, consistently surpassing its peers due to a solid mix of volume expansion and cost savings which can structurally improve its margins and provide multi-year growth prospects. All of this was largely pursued by internal accruals implying a strong balance sheet and solid cash flow generation.
Valuation Discrepancy Insights
Despite trading at single-digit multiples, Kirloskar Ferrous was poised for a significant increase in return ratios and reduction in commodity part of the business which in turn resulted in valuation re-rating.
Monarch Networth's Value-Added Contribution
We proudly led the way as the first and sole broker covering Kirloskar Ferrous Industries. Our comprehensive report offered fresh perspectives on business restructuring, future profitability and granted clients privileged access to senior management. Since our coverage initiation, the company's stock price has turned 4x, a testament to our insights and support.
What captured our attention
Adani Total Gas stood out with remarkable potential, exhibiting over 6.5 times volume growth in FY20, outshining its industry peers. It showcased exceptional efficiency in the private-sector gas distribution segment, bolstered by a valuable oil and gas asset portfolio.
Valuation Discrepancy Insights
When we initiated coverage, the company traded at approximately 20x FY22 PER, with earnings growth driven by robust volumes. The market initially overlooked the company's unique business model and rapid growth potential.
MNCL's Value-Added Contribution
We took the lead as the first and sole broker covering Adani Total Gas. We facilitated direct access to senior management. Since our analyst's initial coverage, the company's stock price has surged by an astounding 20-fold. We're proud to have played a pivotal role in this journey.
What captured our attention
CDSL's duopolistic structure, fortified by formidable entry barriers, represents a robust business model with the potential for substantial profits. Such firms typically boast impressive return ratios and offer long-term returns.
Valuation Discrepancy Insights
CDSL operates in a relatively undiscovered sector, with strong sales and profit growth serving as catalysts for re-rating. A comprehensive dividend discount approach underscored significant undervaluation.
Monarch Networth's Value-Added Contribution
We delivered a meticulous evaluation of the company's strategy, a comprehensive comparative analysis against competitors, and extensive research on global depository models. Our research-driven approach has significantly contributed to CDSL's remarkable stock performance, witnessing an impressive surge of over 250% since our coverage initiation.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Monarch Networth stands out as a research-oriented and nimble financial services firm. It consistently surpasses market performance due to its focus on in-depth research, analysis and adaptability to market shifts. Supported by an exceptional customer relationship management team committed to genuinely understanding clients' needs, my satisfaction with Monarch Networth has only grown over time. Choosing Monarch Networth means partnering with a firm devoted to wealth creation, transparency, personalized service, swift issue resolution, and cultivating robust client relationships—an indisputable choice of a brokerage firm. They transcend from a wealth management company to becoming your financial partner that always prioritizes your financial well-being. The true test of my belief is that I have recommended Monarch Networth to my closest friends and family and today all of them have the same positive things to say.
As an investor, I have always looked for partners who can appreciate the nuances of long-term value creation at Tirth Investments and Monarch Networth has been up to my expectations and beyond. Their investment recommendations are impressive in their details and accurate foresight, which helps me in identifying undervalued opportunities. Monarch Networth Capital is an ally in my investment journey that combines an unwavering assistance orientation with the goal of ensuring investors’ long-term success. I trust them not only with my portfolio but also with shaping the financial future of Tirth Investments.
Partnering with Monarch Networth has been a truly transformative experience. In the fast-paced world of fintech, precision and data-driven insights are paramount, and Monarch Networth Capital's unparalleled research and analytical depth have consistently helped me stay ahead of market trends. Their focus on value creation is not just a tagline but a genuine commitment reflected in their personalized recommendations and proactive support. Monarch Networth Capital’s ability to identify under-researched opportunities and provide actionable insights has added significant value to my investment portfolio. They are not just brokers; they are strategic partners in every sense, helping me make informed decisions with confidence.
Monarch Networth Capital has redefined my perception of financial services. As a recruitment consultant, I’m familiar with the importance of personalized solutions, and that's exactly what Monarch is able to offer. Their strong emphasis on value creation and thorough research has not only helped me enhance my investments but also made me more competent in navigating the complexities of the market. This kind of pacing assistance guarantees that every decision I take goes hand in hand with my financial objectives. Monarch is more than just a broking firm for me, it is my partner in building a prosperous future.
As a promoter focused on growing my business, I often find it challenging to dedicate time to managing my personal wealth. That’s why I sought out a partner I could trust to handle it with the same level of care. Monarch Networth Capital has been that partner for me. Their in-depth research and insightful recommendations have become an essential part of my decision-making process. Monarch's ability to distil complex market information into actionable advice has been invaluable, making them much more than just a brokerage firm – they’ve proven to be a crucial extension of my financial strategy.
I've been a part of Monarch Networth for the past four years, and my connection with the company grows stronger with each passing day. One remarkable aspect of Monarch, among many others that I appreciate, is the accessibility of the leadership team. What's most noteworthy is their proactive approach in addressing any business-related challenges, regardless of their scale or nature. I started with minimal knowledge in financial investments without having basic know-how of as basic as how to operate a demat account. However, Monarch not only educated me but also handled everything with utmost professionalism. Additionally, I commend them for their unwavering commitment to transparency in our business dealings. The team has been exceptionally skilled in managing my account and has consistently supported my professional growth by imparting valuable knowledge and insights at every juncture of my journey.
I have experienced a financial journey like never before with Monarch Networth. Investing with them is not just about numbers; it's about creating wealth with emotions, a unique approach that sets them apart from any other funds in the market. What truly distinguishes Monarch Networth is their unparalleled commitment – they treat their customers' money with a level of care and consideration that goes beyond the norm, making it feel as if it's more than just an investment. The astonishing returns I've witnessed can only be attributed to Monarch Networth's profound understanding of companies, market sentiments, and the exceptional expertise of their highly knowledgeable teams. At the helm of this remarkable journey is Mr. Gaurav Bhandari- CEO, a true leader whose vision and guidance have been instrumental in shaping Monarch Networth's success. His leadership style is not just about numbers and profits; it's about fostering a culture that prioritizes both financial prosperity and emotional satisfaction.
In my financial endeavors, Monarch Networth has been more than a wealth management partner; they've been custodians of trust, transparency, and prosperity. I am genuinely grateful for the invaluable insights, unwavering support, and the wealth of emotions Monarch Networth has brought to my investment journey.
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.
| Sr No | Fund Name | Closure Date | Amount Collected (Rs Cr) |
|---|---|---|---|
| 1 | MNCL Capital Compounder Fund | 22-Oct-20 | 70.01 |
| 2 | MNCL Capital Compounder Fund - I | 23-Aug-22 | 252.15 |
| 3 | MNCL Capital Compounder Fund 2 | 19-Apr-24 | 729.00 |
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.
| Sr No | Fund Name | Closure Date | Amount Collected (Rs Cr) |
|---|---|---|---|
| 1 | MNCL Capital Compounder Fund | 22-Oct-20 | 70.01 |
| 2 | MNCL Capital Compounder Fund - I | 23-Aug-22 | 252.15 |
| 3 | MNCL Capital Compounder Fund 2 | 19-Apr-24 | 729.00 |
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).
| Sr No | Fund Name | Closure Date | Amount Collected (Rs Cr) |
|---|---|---|---|
| 1 | MNCL Capital Compounder Fund | 22-Oct-20 | 70.01 |
| 2 | MNCL Capital Compounder Fund - I | 23-Aug-22 | 252.15 |
| 3 | MNCL Capital Compounder Fund 2 | 19-Apr-24 | 729.00 |
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).
| Sr No | Fund Name | Closure Date | Amount Collected (Rs Cr) |
|---|---|---|---|
| 1 | MNCL Capital Compounder Fund | 22-Oct-20 | 70.01 |
| 2 | MNCL Capital Compounder Fund - I | 23-Aug-22 | 252.15 |
| 3 | MNCL Capital Compounder Fund 2 | 19-Apr-24 | 729.00 |
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Name of the Company has changed from Networth Stock Broking Limited to Monarch Networth Capital Limited upon Certification of Incorporation received from Registrar of Companies, Mumbai vide certificate dated 13th October, 2015.
If you are not satisfied with the resolution provided, you can lodge your complaint online at: https://scores.sebi.gov.in/link
In case of grievance client can log on to the SMART ODR Portal, if they are unsatisfied with the response provided by us. Your attention is drawn to the SEBI circular no. SEBI/HO/OIAE/OIAE_IAD-1/P/CIR/2023/131 dated July 31, 2023, on “Online Resolution of Disputes in the Indian Securities Market”.
Purchase of REs only gives buyer the right to participate in the ongoing Rights Issue of the concerned company by making an application with requisite application money or renounce the REs before the issue closes. REs which are neither subscribed by making an application with requisite application money nor renounced, on or before the Issue closing date shall lapse and shall be extinguished after the Issue closing date. Please check your dp account for further details.
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Monarch Networth Capital Limited (‘MNCL’) | CIN No.: L64990GJ1993PLC120014
Unit No. 803-804A, 8th Floor, X-Change Plaza, Block No. 53, Zone 5, Road-5E, Gift City, Gandhinagar - 382050, Gujarat
Ahmedabad
“Monarch House”, Opp Prahladbhai Patel garden, Near Ishwar Bhuvan, Commerce Six Roads, Navrangpura, Ahmedabad - 380009
Mumbai
Monarch Networth Capital Limited, G Block, Laxmi Tower, B Wing, 4th Floor, Bandra Kurla Complex, Bandra East, Mumbai - 400051.
Email for Grievance: grievances@mnclgroup.com
Investors are requested to note that Stock broker (Monarch Networth Capital Ltd) is permitted to receive money from investors through designated bank accounts only named as Up streaming Client Nodal Bank Account (USCNBA). Stock broker (Monarch Networth Capital Ltd) is also required to disclose these USCNB accounts to Stock Exchange. Hence, you are requested to use following USCNB accounts only (Click to View) for the purpose of dealings in your trading account with us. The details of these USCNB accounts are also displayed by Stock Exchanges on their website under “Know/ Locate your Stock Broker".
Mechanism for addressing grievances and information about SCORES.
Mechanism for addressing grievances and information about SCORES.
Monarch Networth Capital Limited (‘MNCL’) | CIN No.: L64990GJ1993PLC120014
(As per LODR Regulations and Companies Act, 2013)
Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances : Mr. Nitesh Tanwar
Monarch Networth Capital Limited
Unit No. 803-804A, 8th Floor, X-Change Plaza, Block No. 53, Zone 5, Road-5E, Gift City, Gandhinagar - 382050, Gujarat
Ahmedabad
“Monarch House”, Opp Prahladbhai Patel garden, Near Ishwar Bhuvan, Commerce Six Roads, Navrangpura, Ahmedabad – 380009
Mumbai
Monarch Networth Capital Limited, G Block, Laxmi Tower, B Wing, 4th Floor, Bandra Kurla Complex, Bandra East, Mumbai - 400051.
Phone: 022 - 66476400 / 66476405
Email: cs@mnclgroup.com
Email for Grievance: cs@mnclgroup.com
Listing of Equity Shares on Stock Exchange at
BSE
NSE
(Formerly known as Link Intime India Private Limited)
For any queries related to broking please contact helpdesk@mnclgroup.com.
‘Investments in securities market are subject to market risks, read all the related documents carefully before investing.’
| Sr.no | Particulars | Remarks |
|---|---|---|
| 1 | Name Of Compliance Officer | Nikhil Bhupendrakumar Parikh |
| 2 | Educational qualification | BSc hons (Phy) , CNE , CNA , MBA |
| 3 | Past Experience | 16 Years before joining Monarch on 06/04/2017 |
| 4 | Certification (NISM-Series-III A) | Provided |
| 5 | Date of Expiry of Certificate | 10-04-2026 |
| 6 | Date of Renewal of Certificate | 28-03-2023 |
| 7 | Half-yearly trainings Provided or Not | Yes |
| 8 | Date of Appointment | 15-05-2017 |
| 9 | Approval from BOD/Partners for Appointment | 28-04-2017 |
| 10 | Last date of previous compliance officer | 14-05-2017 |
| 11 | Duration for which office was vacant | None |
| 12 | Intimation of change to Exchange Sent or not | Yes |
| 13 | List of Allotted Trading Terminals - For Compliance Officer & its Team | None |
