BSE SME Marc Loire Fashions stumbles out of the gate
The scrip was listed at Rs 80, a discount of 20% compared with the initial public offer (IPO) price. The stock was currently frozen at its lower limit of 5% over its listing price.
The counter hit a high of Rs 80 and a low of Rs 76. About 84,000 shares of the company changed hands at the counter.
Marc Loire Fashions' IPO was subscribed 2.52 times. The issue opened for bidding on 30 June 2025 and it closed on 2 July 2025. The price of the IPO was set at Rs 100 per share.
The IPO comprised fresh issue of 21,00,000 equity shares. The promoter shareholding in the company diluted to 70.42% post- IPO from 99.99% pre-IPO.
The company intends to utilize the net proceeds for capital expenditure for expansion of the companys retail network by launching 15 new exclusive brand outlets (EBOs), purchase of Multi-Purpose Rack, working capital requirements and general corporate purposes.
Marc Loire Fashions is engaged in women's footwear products, boasting an impressive catalogue of over 800 unique styles that cater to a broad spectrum of tastes and occasions. Its collection includes party heels, ethnic flats, wedges, winter boots, mules, formal heels, loafers, cork sandals, arc-supported flats, athleisure and activewear footwear, sneakers and other styles that blend comfort with fashion. As on 31st march 2025, the company has 20 employees.
The company recorded revenue from operations of Rs 42.25 crore and net profit of Rs 4.70 crore for the period ended 31 March 2025.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Standard
14 minutes ago
- Business Standard
Petronet LNG records over 25% YoY decline in Q1 PAT
Petronet LNG has reported 25.5% drop in standalone net profit to Rs 850.58 crore on a 11.4% fall in net sales to Rs 11,879.86 crore in Q1 FY26 as compared with Q1 FY25. Total operating expenditure for Q1 FY26 was Rs 10,720.14 crore, down 9.6% YoY. Profit before tax for the first quarter was Rs 1,136.11 crore, down by 25.3% from Rs 1519.88 crore posted in the same period last year. During the current quarter ended 30 June 2025, Dahej terminal processed 207 TBTU of LNG as against 248 TBTU during the corresponding quarter ended 30 June, 2024. The overall LNG volume processed by the company in the current quarter was 220 TBTU, as against the LNG volume of 262 TBTU processed in the corresponding quarter last year. The company was able to achieve higher throughput over the previous quarter and robust financial results owing to stable LNG prices, better capacity utilization and efficiency in its operations, Petronet LNG said in a statement. The net worth of the company as on 30 June 2025 reached Rs 20,233 crore as against Rs 19,382 crore as on 31 March 2025, crossing the Rs 20,000 crore mark. Petronet LNG was formed to develop, design, construct, own, and operate liquefied natural gas (LNG) import and regasification terminals in India. The scrip slipped 1.76% to end at Rs 302.10 on the BSE on Friday.
Economic Times
14 minutes ago
- Economic Times
Jain Irrigation net profit declines 8.5% to Rs 11.19 crore in Jun quarter
Jain Irrigation Systems on Saturday reported an 8.5 per cent fall in consolidated net profit to Rs 11.19 crore for the latest quarter ended June 2025. ADVERTISEMENT Its net profit stood at Rs 12.23 crore in the year-ago period. The total income rose to Rs 1,547.68 crore in the April-June period of 2025-26 from Rs 1,479.24 crore in the corresponding period of the preceding year, according to a regulatory filing. Jain Irrigation Systems Vice Chairman and Managing Director Anil Jain said, "In Q1 of FY26, the company experienced good demand for Micro Irrigation Systems, Tissue Culture, Exports and Solar Agri Pumps. We saw good growth in revenue and margins in Hi-Tech Agri division".Due to the early monsoon in May, he said the company saw an impact on demand for pipe."Margins for pipe business were also under pressure due to lack of demand," Jain said. ADVERTISEMENT He said the company's focus towards retail and exports has shown better results in terms of revenue growth and margins."With well-spread monsoon and the government's commitment to investment in infrastructure, we expect revival of demand for piping business in H2FY26," Jain said. ADVERTISEMENT In 2024-25, the Maharashtra-based Jain Irrigation Systems had posted a net profit of Rs 25.69 crore on a total income of Rs 5,793.24 crore. The company is engaged in the manufacturing of micro irrigation systems, PVC P pipes, HDPE pipes, plastic sheets, agro-processed products, renewable energy solutions, tissue culture plants, financial services and other agricultural inputs. PTI (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
14 minutes ago
- Time of India
Gemini app crosses 450 million monthly active users, says Google executive
Synopsis This follows the tech giant giving free access to its premium Google AI Pro plan, which costs Rs 19,500 per year, to college students aged 18 years and above in India. The offer is valid until September 15, 2025.
