The initial public offer (IPO) of Marc Loire Fashions received bids for 53,02,800 shares as against 21,00,000 shares on offer. The issue was subscribed 2.52 times.
Qualified Institutional Buyers (QIBs) bid for 4,800 shares, Non-Institutional Investors (NIIs) for 16,94,400 shares, while Retail Individual Investors (RIIs) placed bids for36,03,600 shares.
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 equity shares will list on BSE’s SME platform.
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 company’s 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.