Marc Loire Fashions Limited, the parent company behind the premium women’s footwear brand Marc Loire, has successfully concluded its ₹21 crore Fixed Price IPO. The issue, consisting entirely of a fresh issue of 21 lakh equity shares, opened for subscription on June 30, 2025, and closed on July 02, 2025, receiving a 1.00x subscription on its final day.

The IPO has a fixed price of ₹100 per share, pegging the post-issue market capitalisation of Marc Loire Fashions at ₹71.00 crore. The listing is scheduled for July 7, 2025, on the BSE SME platform.

Retail investors could apply for a minimum of 1,200 shares (₹1,20,000), while HNIs had a minimum requirement of 2 lots (2,400 shares) worth ₹2,40,000.

Finshore Management Services Limited was the book-running lead manager, with Maashitla Securities Private Limited acting as the registrar to the issue. The market maker for this SME IPO is JSK Securities and Services Private Limited.

Grey Market Premium (GMP) and Listing Expectation:

The GMP for Marc Loire Fashions IPO stood at ₹10 as of June 24, 2025. Based on this, the expected listing price is ₹110, implying a 10% premium over the issue price.

However, GMP is part of an unregulated market, and hence, does not guarantee listing gains. It serves as a speculative indicator of investor sentiment.

IPO Allotment & Listing Schedule:

• Allotment Date: July 3, 2025 (Thursday)

• Listing Date: July 7, 2025 (Monday)

• Exchange: BSE SME

To check allotment status:

1. Visit the IPO allotment page on the registrar’s website

2. Select "Marc Loire Fashions Limited IPO"

3. Enter PAN, DP ID, or Application Number

4. Click submit to view status

Use of IPO Proceeds:

Marc Loire Fashions plans to deploy the net proceeds of the issue as follows:

1. ₹526.88 lakh for expanding the retail network by opening 15 new Exclusive Brand Outlets (EBOs)

2. ₹40.08 lakh towards purchase of multi-purpose racks for retail spaces

3. ₹935.22 lakh to meet working capital requirements

4. A portion for issue expenses

5. ₹373.22 lakh earmarked for general corporate purposes

These expansion plans aim to strengthen the company’s footprint in India’s retail fashion space, particularly in Tier I and Tier II cities.

About the Company:

Marc Loire Fashions Limited is an Indian lifestyle and footwear brand, known for offering fashionable, affordable, and high-quality women’s footwear. The brand blends design innovation with comfort and craftsmanship to cater to urban Indian women.

With an increasing demand for fashion retail and digital presence, the company is leveraging its supply chain and branding expertise to drive its retail and online expansion strategy.

Promoter Profile & Management:

The company is led by seasoned industry professionals:

• Mr. Arvind Kamboj, Promoter and Executive Director – Over 10 years of experience in the footwear industry

• Mrs. Shaina Malhotra, Promoter and Executive Director – Also has 10+ years of experience, actively involved in daily operations

Their long-standing presence in the industry provides them a strong vendor network, deep market understanding, and efficient supply chain control.

Financial Highlights:

Marc Loire Fashions has shown consistent financial improvement over the past three fiscal years:

• Revenue from Operations:

  • FY23: ₹3,743.72 lakh

  • FY24: ₹4,040.07 lakh

  • FY25: ₹4,246.42 lakh

• EBITDA:

  • FY23: ₹23.80 lakh

  • FY24: ₹148.84 lakh

  • FY25: ₹183.11 lakh

• Profit After Tax (PAT):

  • FY23: ₹65.63 lakh

  • FY24: ₹407.69 lakh

  • FY25: ₹470.54 lakh

The company has reported consistent growth in profitability and revenues, indicating operational maturity and increasing market acceptance.

Valuation Metrics:

• Pre-Issue EPS (FY24): ₹9.41

• Post-Issue EPS (FY24): ₹6.63

• Pre-Issue P/E Ratio: 10.62x

• Post-Issue P/E Ratio: 15.09x

• Industry P/E Average: ~39x

• Return on Capital Employed (ROCE): 60.56%

• Return on Equity (ROE): 43.75%

• Return on Net Worth (RoNW): 43.75%

These metrics suggest that Marc Loire Fashions IPO is reasonably priced, especially when compared with listed peers in the fashion and footwear segment.

IPO Review & Recommendation:

The Marc Loire Fashions Limited IPO presents an opportunity in the growing Indian fashion and lifestyle segment. The company’s emphasis on brand expansion, profitability, and a strong promoter background adds credibility.

Though the IPO saw only moderate subscription, the financials and valuation are attractive. The GMP of ₹10 indicates modest listing gains of 10%, reflecting investor caution but also underlying interest in niche retail fashion plays.

Final Verdict:

This IPO is best suited for:

• Risk-taking investors looking for listing gains

• Those with medium-term retail and fashion sector interest

• Investors who believe in India’s domestic consumption story

Recommendation: "Apply for Listing Gain" – subject to individual risk appetite.

Disclaimer: This IPO analysis is for educational purposes only and does not constitute investment advice. Market investments are subject to risks. Please consult your financial advisor before making any investment decisions. Data in this article is based on publicly available sources as of July 2, 2025.

The Upcoming IPOs in this week and coming weeks are Smarten Power Systems, Glen Industries, Travel Food Services, Anthem Biosciences, Chemkart India, Meta Infotech, Happy Square Outsourcing Services, Cryogenic OGS.

The Current active IPO are Crizac, Silky Overseas, Vandan Foods, Pushpa Jewellers, Cedaar Textile, Marc Loire Fashions.

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