Marc Loire Fashions Limited, a homegrown Indian fashion brand specializing in stylish women's footwear, is stepping into the capital market with its SME IPO. The company is launching a Fixed Price Issue of ₹21 crore, consisting entirely of a fresh issue of 21 lakh equity shares. The IPO is now open for subscription starting June 30, 2025, and will close on July 2, 2025.

The issue price is set at ₹100 per equity share, making the minimum lot size 1,200 shares, which means a retail investor needs to invest at least ₹1,20,000. For High-Net-Worth Individuals (HNIs), the minimum application size is 2 lots or 2,400 shares, requiring an investment of ₹2,40,000.

The company, Marc Loire Fashions Limited, is a part of Marc Loire Fashions Pvt Ltd, an Indian entity with a global presence in the women's footwear segment. The brand is known for offering fashion-forward, high-quality, precision-crafted footwear that appeals to a modern and diverse consumer base. The IPO is being managed by FINSHORE MANAGEMENT SERVICES LIMITED, while MAASHITLA SECURITIES PRIVATE LIMITED acts as the registrar. JSK Securities and Services Private Limited is serving as the market maker for this IPO.

IPO Listing and Market Capitalisation

The expected market capitalisation of Marc Loire Fashions Limited post-IPO will be around ₹71 crore. The shares are proposed to be listed on the BSE SME platform with a tentative listing date set for July 7, 2025. The IPO allotment is expected to be finalised on July 3, 2025.

Investors eagerly tracking listing performance are also monitoring the Grey Market Premium (GMP). As of the last update, the GMP is hovering at ₹10, suggesting an expected listing price of ₹110, indicating a 10% premium over the IPO price. However, it’s essential to note that GMP is unofficial, speculative, and unregulated, and should be taken for informational purposes only.

Subscription Status Update

As per the latest live update on July 2, 2025, at 11:00 AM, the IPO has been fully subscribed (1.00 times), showing decent demand among retail and HNI investors. This real-time subscription data reflects the investor interest driven by strong financials and sound management.

How to Check IPO Allotment Status

Once the allotment is finalized, investors can check their status through the registrar’s website using:

• Application Number

• PAN Number

• DP Client ID

By selecting "Marc Loire Fashions Limited IPO" from the dropdown, and entering the required credentials, investors can easily verify their allotment status.

Company’s Financial Performance

Marc Loire Fashions Limited has demonstrated consistent revenue growth and profitability over the last three financial years:

• FY 2023: Revenue – ₹3,743.72 Lakh, EBITDA – ₹23.80 Lakh, PAT – ₹65.63 Lakh

• FY 2024: Revenue – ₹4,040.07 Lakh, EBITDA – ₹148.84 Lakh, PAT – ₹407.69 Lakh

• FY 2025: Revenue – ₹4,246.42 Lakh, EBITDA – ₹183.11 Lakh, PAT – ₹470.54 Lakh

This significant improvement in profit margins and EBITDA growth reflects operational efficiency and market acceptance of the brand.

Key Financial Ratios and Valuation

• Pre-Issue EPS (FY24): ₹9.41

• Post-Issue EPS (FY24): ₹6.63

• Pre-Issue P/E: 10.62x

• Post-Issue P/E: 15.09x

• Industry P/E: 39x

• ROCE (FY24): 60.56%

• ROE and RoNW (FY24): 43.75%

These metrics suggest that Marc Loire Fashions IPO is fairly priced when compared to its industry peers, and offers moderate value for investors seeking listing gains or long-term exposure.

Promoters and Management

The company is led by Mr. Arvind Kamboj and Mrs. Shaina Malhotra, both of whom bring over a decade of experience in the footwear industry. Their involvement in the day-to-day operations, strong supplier networks, and keen business acumen contribute to the company's success. Their background ensures the brand's alignment with consumer trends and efficient operations.

IPO Objectives and Use of Funds

The company plans to utilise the net proceeds from the IPO as follows:

1. ₹526.88 Lakh – Expansion of retail network by opening 15 new Exclusive Brand Outlets (EBOs)

2. ₹40.08 Lakh – Purchase of multi-purpose display racks

3. ₹935.22 Lakh – Working capital requirements

4. Funds allocated for issue-related expenses

5. ₹373.22 Lakh – General corporate purposes

These fund allocations will enable scaling operations, enhancing distribution, and streamlining inventory, thereby improving customer experience and operational output.

IPO Review and Investment Recommendation

Given the steady financial growth, strong promoter background, and positive market sentiment, the IPO may provide listing gains, especially in light of the ₹10 Grey Market Premium indicating a potential upside of 10%. However, it's worth noting that the IPO is rated as a 'risky buy', implying that only investors with moderate to high risk appetite should consider subscribing.

The company’s competitive edge lies in its stylish offerings, deep market understanding, and efficient retail network expansion strategy. However, it also faces risks associated with market competition, retail dependency, and unregulated price movements post-listing.

Final Thoughts

The Marc Loire Fashions IPO is an opportunity for investors interested in the Indian fashion retail sector, particularly those inclined towards women's lifestyle and footwear products. The BSE SME listing, combined with financial resilience and brand strength, makes this IPO worth watching.

However, investors must exercise caution and consider their own financial goals before investing. It's advisable to consult a registered financial advisor and review all official documents before making any investment decisions.

The IPO’s Grey Market Premium, pricing, and subscription levels will continue to evolve till listing. Therefore, staying updated through reliable sources and following verified communication from the registrar and exchanges is highly recommended.

Disclaimer:
This article is intended for informational and educational purposes only and should not be interpreted as investment advice. Investing in securities is subject to market risks. Please read all related documents carefully and consult with financial advisors before investing. The content herein is based on publicly available information as of publication date, and is subject to change without notice.

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