Latest news with #MarcLoireFashions'
Business Standard
07-07-2025
- Business
- Business Standard
BSE SME Marc Loire Fashions stumbles out of the gate
Shares of Marc Loire Fashions was trading at Rs 76 on the BSE, a discount of 24% compared with the issue price of Rs 100. 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.
Mint
30-06-2025
- Business
- Mint
Marc Loire IPO Day 1: Subscription status, GMP, other key details you need to know
Marc Loire IPO: The issue opened for subscription on 30 June. Here is the Subscription Status, GMP, other key details you need to know Marc Loire IPO was subscribed 0.29 times on 30 June by 4:20 PM. In the retail category, the public offering was subscribed to 0.08 times, in the QIB category [.] times, and in the NII category 0.51 times. Marc Loire IPO Key dates: The subscription period for Marc Loire Fashions' initial public offering (IPO) began on June 30, 2025, and it will end on July 2, 2025. On Thursday, July 3, 2025, the allocation for the Marc Loire IPO is anticipated to be finalized. Marc Loire IPO Issue Size: The Marc Loire IPO is a fixed price of ₹ 21.00 crores. The issue is entirely a fresh issue of 21.00 lakh shares. Marc Loire IPO Price Band: The IPO price of Marc Loire is ₹ 100 per share. The application must have a minimum lot size of 1200 shares. Considering the lot size and price, the retail investors are required to invest a minimum of ₹ 120,000. For HNI, the minimum lot size investment is two lots (2,400 shares), or ₹ 240,000. Marc Loire IPO Listing Details: The proposed listing date for Marc Loire's initial public offering (IPO) on the BSE SME is set for Monday, July 7, 2022. Founded in 2014, Marc Loire Fashions Limited is a luxury fashion business that specializes in fashionable and cozy footwear for ladies. Marc Loire IPO Registrar and Lead Managers: The Marc Loire IPO's book-running lead manager is Finshore Management Services Limited, while the issue's registrar is Maashitla Securities Private Limited. Black Fox Financial Private Limited is the market maker for Marc Loire's initial public offering. The Marc Loire IPO GMP, or Grey Market Premium, stood at ₹ 6. This means that the shares of Marc Loire are trading at ₹ 6, or 6%, higher than the issue price, and investors are expecting listing at ₹ 106. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
