Marc Loire Fashions IPO: Latest GMP, Subscription Status, Price Band And All You Need To Know

Marc Loire Fashions Ltd. launched its initial public offering on Monday to raise over Rs 20 crore from the primary market. Marc Loire Fashions is primarily engaged in high-end footwear for women. The company caters to the B2B segment. Investors who want to participate in the IPO must check the following details before making an investment call.

The Marc Loire Fashions IPO is a fixed price issue of Rs 21 crore. The BSE SME issue comprises entirely a fresh issuance of 21 lakh shares.

The price for the issue is Rs 100 per share.

Retail investors can invest in the IPO by bidding for a single lot size of 1,200 shares, requiring an investment of Rs 1,20,000. High Net-Worth Individuals must bid for at least two lots, amounting to an investment of Rs 2,40,000. 

Investors can participate in the IPO subscription from June 30 to July 2. Allotment of shares will be finalised on July 3. Successful bidders will receive shares in their demat accounts on July 4 and refunds to non-allottees will be processed on the same day. 

Shares of the company are proposed to be listed on the BSE SME platform on July 7. 

Both retail investors and Non-Institutional Investors will be offered 47.49% of the net issue size.

Finshore Management Services Ltd. is the book-running lead manager of the Marc Loire IPO. Maashitla Securities Pvt. is the registrar and Black Fox Financial Pvt. is the market maker for the issue.

The Marc Loire IPO has been subscribed 0.02 times as of 11:40 a.m. on Monday.

• Non Institutional Investors: nil

• Retail Investors: 0.04 times

*The subscription status will be updated at regular intervals

The grey market premium for the Marc Loire Fashions IPO was Rs 6 as of 11:00 a.m. on June 30. It indicates that the company's shares are likely to list a premium of 6% at Rs 106 apiece.

Note: GMP does not represent official data and is based on speculation.

Marc Loire Fashions is a women’s footwear brand. The company was established in 2014. It has a presence in states such as West Bengal, Tamil Nadu and Gujarat. 

Use Of Proceeds

The company has proposed to utilise the proceeds from the IPO to expand its retail network, meet working capital requirements and for general corporate purposes. 

Financials 

The company reported a 15.44% year-on-year increase in its profit after tax to Rs 4.71 crore in FY25 from Rs 4.08 crore in FY24. Total revenue rose 5% YoY to Rs 42.46 crore in FY25 from Rs 40.40 crore in FY24.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.