Lukewarm Response to Marc Loire Fashions IPO on Day 2; 62.6% Subscription So Far
By Shishta Dutta | Updated at: Oct 20, 2025 02:23 PM IST
New Delhi, July 1 — On Tuesday, the Marc Loire Fashions Limited’s ₹21 crore SME IPO had received bids for 13,15,200 equity shares against the net offer of 21,00,000 shares. The issue was subscribed to by 62.6% by the end of Day 2. The first two days have seen lower participation from retail investors compared to more well-known consumer brands. However, there was some interest from HNIs and a few institutional investors, but not enough to achieve oversubscription.
Segment-Wise Bidding Snapshot (as on July 1, 2025, 3:59 PM)
| Category | Shares Bid For | Applications Received |
|---|---|---|
| Qualified Institutional Buyers (QIBs) | 2,400 | 1 |
| Non-Institutional Investors (NIIs) | 9,33,600 | 14 |
| Retail Individual Investors (RIIs) | 3,79,200 | 316 |
| Total | 13,15,200 | 331 |
Break-up Within NII & RII Segments
- NIIs – Corporates: 4,05,600 shares (2 applications)
- NIIs – Individuals: 5,28,000 shares (12 applications)
- RIIs – Cut-off bids: 80,400 shares (67 applications)
- RIIs – Price bids: 2,98,800 shares (249 applications)
Subscription Status
| Category | Subscription % (Approx.) |
|---|---|
| QIBs | 0.11% of the total issue |
| NIIs | 88.78% |
| RIIs | 37.77% |
| Overall | 62.6% |
Key Observations
- The NII segment leads the response so far, especially from corporate applicants, contributing nearly 44% of total bids.
- Retail participation remains modest but consistent, with 316 applications, covering nearly 38% of the retail portion.
- Only one QIB bid has been received so far, indicating tepid institutional interest at this stage.
IPO Details at a Glance
- Issue Period: June 30 to July 2, 2025
- Price: ₹100 per equity share (fixed price)
- Minimum Lot Size: 1,200 shares
- Lead Manager: Finshore Management Services Ltd
- Listing Platform: BSE SME
- Listing Date (Tentative): July 7, 2025
What’s Next?
With one day remaining, all eyes are on Day 3 (July 2), which typically sees the highest influx of retail bids. Strong last-day momentum will be crucial for the issue to sail through successfully.
About the Company
Marc Loire Fashions is a women’s footwear brand with a catalogue of over 800 SKUs across party wear, casuals, flats, sneakers, and more. The company sells through D2C and B2B models and plans to expand into men’s footwear. It clocked ₹4,246 lakh in revenue in FY25 with a PAT of ₹471 lakh.
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