[Funding News] Monarch Networth Capital to Raises Rs 300 Cr Funding Round

Monarch Networth Capital, an integrated financial services firm, will raise Rs 300 crore through a preferential share allotment and a 1:1 bonus share issue.

Monarch disclosed that the new funds will be allocated to strategic initiatives across the company's diverse business verticals.

Monarch Infraparks Pvt Ltd, the promoter group entity, will spearhead the fundraising efforts with a sum of Rs 99 crore, while the company's CEO, Gaurav Bhandari, will contribute Rs 25 crore. It did not specify the other investors who participated in the preferential allotment.

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Monarch shares will be priced at Rs 560 per share, which represents an 8.5% discount on the most recent traded price on the BSE.

Additionally, the organization intends to establish a portfolio management service, expand its margin trading book, establish a pre-IPO fund, apply for a mutual fund license, fortify its debt capital market division, and underwrite IPOs.

Gaurav Bhandari, CEO of MNCL, said: “This fundraise will empower us to accelerate our growth initiatives, innovate our offerings, and continue delivering exceptional value to our stakeholders,”

About Monarch Networth Capital

Founded in 1993, Monarch Networth Capital Limited (MNCL) is one of the leading financial services companies in India. With over 25+ years of experience in capital markets, MNCL's clear focus to create value for its customers.

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