IPO Details
RHP/DRHPIssue Date
30 Jun - 3 Jul'25
Investment/lot
₹ 120000
Price Range
100
Lot Size
1200
IPO Size
₹ 21 cr
Schedule of Marc Loire Fashions IPO
Start date
30/06/2025
End date
03/07/2025
Allotment of bids
Refund Initiation
Listing on exchange
About Marc Loire Fashions IPO
The IPO of Marc Loire Fashions Ltd comprises a fresh issue of 21,00,000 equity shares aggregating up to ₹21 crores. It has no offer for sale and is a fixed price issue.
Objectives of Marc Loire Fashions IPO
- Funding capital expenditure for expansion of it retail network by launching 15 new exclusive brand outlets
- Funding capital expenditure for purchase of multi-purpose racks
- Working capital requirements
- General corporate expenses
Marc Loire Fashions IPO Valuation
Industry Outlook
The Indian leather, leather products and footwear industry hold a prominent place in the Indian economy. This sector is known for its consistency in high export earnings and it is among the top ten foreign exchange earners for the country. India consumed 2.56 billion pairs of footwear in financial year 2016, an annual growth of 4.5 % over FY 2015. A CAGR of 8-10% is expected in FY 22- FY 25, with consumption touching 2.9 billion pairs by FY 2025.
Company Information
Marc Loire Fashions Ltd 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.
This diversity allows it to cater to every need, from everyday wear to special occasions, providing its customers with a wide range of options to express their style.
Marc Loire Fashions Strengths
Strong Brand Recognition
Marc Loire has developed a well-established market presence and solid brand recognition in certain parts of India, built over a decade of consistent business operations. This brand has established itself as a trusted name, evident from repeat purchases by its customers. This repeat purchase reflects the brand's ability to consistently meet customer expectations and maintain a high level of satisfaction, driving customer loyalty.
Strong Supply Chain
Marc Loire has established a resilient supply chain network that is integral to its operational success and market agility. This network is anchored by a robust domestic vendor ecosystem, which emphasises supporting local manufacturing and reducing reliance on imported components.
By sourcing materials and components primarily within India, Marc Loire not only strengthens its commitment to indigenous production but also reduces its exposure to international supply chain disruptions, ensuring a more stable and predictable production process.
Strong Online Presence
Marc Loire’s fast-growing online presence is a vital component of its sales, allowing it to reach customers widely and boost brand visibility. By strategically positioning its products on major B2C platforms like Amazon, Flipkart, and Myntra. Marc Loire is able to cater directly to consumers who prefer the convenience and accessibility of online shopping.
These platforms give Marc Loire access to thousands of potential customers, enabling the brand to grow its footprint, transcending the limitations of physical stores. Its strong online presence enables it to stay responsive to digital trends and customer behaviours, which are increasingly shifting toward e-commerce.
Strong Integrated System
Marc Loire has developed an integrated system that optimises key operational processes, including inventory management, order management, product picking, packaging, and shipment. This system functions as the backbone of the brand's supply chain, ensuring that products move seamlessly from warehouses to customers, whether through online channels or retail partners.
Overall, this integrated system is a significant asset for Marc Loire, as it reduces operational costs, minimises errors, and improves efficiency across the entire order fulfilment process.
Risks of Marc Loire Fashions IPO
- Pending Lease/Rent Agreement
Marc Loire has not yet executed any lease/rent agreements for setting up its proposed 15 exclusive brand outlets (EBOs) in 9 states across India. It cannot assure that it will be able to execute lease agreements in a timely manner and at the same locations where its EBOs will be located.
In the event of any delay in executing the lease agreements, or in the event the landlords are not able to provide the same in a timely manner, or at all, it may encounter time and cost overruns in setting up these new locations.
- Availability of Look-alikes and Counterfeit Products
The company is exposed to the risk that certain entities in India where its products are marketed, could pass off their products as Marc Loire’s to create look alike and counterfeit products. The availability of look-alikes, counterfeit products, primarily in domestic markets, manufactured by other companies and passed off as its products, could adversely affect the goodwill and results of operations.
- Dependence on Outsourced Vendors
The company may not be able to obtain sufficient quantities or desired quality of finished products from outsourced vendors in a timely manner or at acceptable prices, which could adversely affect its retail business, financial condition and results of operation.
All Financial Information about Marc Loire Fashions
Particulars (in Rs. crores)
Particulars (in Rs. crores)
Comparison with peers
| Company Name | Turnover (in ₹ crores) | EPS in ₹ | P/E Ratio | Return on Net Worth (in %) |
|---|---|---|---|---|
Marc Loire Fashions Ltd | 40.2030 | 8.15 | 12.27 | 67.42 |
Liberty Shoes Ltd | 636.8592 | 6.40 | 71.78 | 5.34 |
Lehar Footwears Ltd | 194.2604 | 4.02 | 55.98 | 6.41 |
Sreeleathers Ltd | 217.6753 | 11.59 | 20.62 | 6.43 |
Anchor Investor Bidding Date TBA
IPO Registrar and Book Running Lead Manager
- IPO Registrar: Maashitla Securities Pvt Ltd
- Book Running Lead Manager: Finshore Management Services Ltd
Business Model
Engaged in women’s footwear products, the collection of Marc Loire includes heels, ethnic flats, loafers, cork sandals, sneakers, athleisure and activewear footwear, etc. By continually innovating and expanding its product offerings, it aims to become the preferred choice for women’s footwear in domestic markets.
Company Growth Trajectory
The total income of Marc Loire Fashions Ltd grew from ₹26.0231 crores in FY 22 to ₹40.4007 crores in FY 24. Its PAT margin grew from 0.75% in FY 22 to 10.09% in FY 24, while EBITDA margin grew from 1.13% in FY 22 to 13.27% in FY 24. Strong online presence, supply chain and innovative designs and rigorous quality control have enabled it to deliver top-tier comfortable and trendy footwear to customers at competitive prices. These have also contributed to the company’s growth over the years.
Market Position
Established in 2014, Marc Loire Fashions Ltd provides a versatile range of products accessible on both online and offline platforms, ensuring that it meets diverse customer needs. For those who prefer an in-person experience, its shop-in-shop (SiS) offers to view the products first-hand, and make informed decisions on-site. By continually innovating and expanding its product offerings, it aims to become the preferred choice for women’s footwear in domestic markets.
Marc Loire Fashions IPO Profit and Loss
| Parameter | FY 24 | FY 23 | FY 22 |
|---|---|---|---|
Total Income (in ₹ crores) | 40.4007 | 37.4372 | 26.0231 |
Profit Before Tax (in ₹ crores) | 5.4969 | 0.8829 | 0.2827 |
Profit After Tax (in ₹ crores) | 4.0756 | 0.6531 | 0.1946 |
EPS in ₹ | 8.15 | 1.31 | 38.92 |
Marc Loire Fashions IPO Cash Flow Statement
| Parameter | FY 24 | FY 23 | FY 22 |
|---|---|---|---|
Profit Before Tax (in ₹ crores) | 5.4969 | 0.8829 | 0.2827 |
Net Cash Generated/(Used) From Operating Activities (in ₹ crores) | (0.4386) | 0.6114 | (0.3949) |
Net Cash Generated/(Used) From Investing Activities (in ₹ crores) | (0.9938) | (0.0129) | 0.0201 |
Net Cash Generated/(Used) From Financing Activities (in ₹ crores) | 1.4419 | 0.3851 | (0.1566) |
Cash and Cash Equivalents at the End of the Year (in ₹ crores) | 1.9726 | 1.9630 | 0.9795 |
How to Check the Status of Marc Loire Fashions IPO?
1. Visit the Registrar’s Website
- Go to the official website of Maashitla Securities Pvt Ltd
- Choose ‘Public’ Issues from ‘Allotment Status’
- Select Company Name and enter either your PAN No, Application No or Demat Account No
- Click on ‘Submit’ to know the status
2. Check on the Bombay Stock Exchange Website
The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to www.bseindia.com and find the 'Investor Services' tab. Under 'Investors Services', click on 'Status of Issue Application'. This will take you to the IPO allotment status page. On the BSE IPO page, follow these steps:
- Choose the Issue Type
- Select the Issue Name from dropdown
- Put in either your application number or PAN number
- Check the box ‘I’m not a robot’
- Click on ‘Search’ to know allotment status
How to Apply for Marc Loire Fashions IPO?
- Log in to your Kotak Securities Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
- Specify IPO details - Enter the number of lots and the price you wish to apply for.
- Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
- Mandate Notification - Your UPI app will receive a mandate notification to block funds.
- Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.
Marc Loire Fashions IPO FAQs
What is the minimum lot size required for Marc Loire Fashions IPO?
The minimum lot size is 1200 shares and the investment required is ₹120000.
What is the price band of the Marc Loire Fashions IPO?
The price band of Marc Loire Fashions IPO is ₹100 to ₹0.
Where can I read more about Marc Loire Fashions business?
You can read more about Marc Loire Fashions and its IPO from the company’s red herring prospectus (RHP) here.
What is the Marc Loire Fashions Ltd IPO?
The IPO of Marc Loire Fashions Ltd comprises a fresh issue size of 21,00,000 equity shares of up to ₹ 21 crores.
When will the IPO of Marc Loire Fashions Ltd go live?
The exact dates of the IPO are yet to be announced.
From where will I get more details of the IPO of Marc Loire Fashions Ltd?
You will get more information about the IPO of Marc Loire Fashions Ltd from the company’s draft red herring prospectus here.
