Marc Loire Fashions Ltd - IPO

Marc Loire Fashions Ltd IPO Details

Initial public offer of 21,00,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Marc Loire Fashions Limited (the Company or the Issuer) for cash at a price of Rs. 100/- per equity share, including a share premium of Rs. 90/- per equity share (the Issue Price), aggregating to Rs. 21.00 crores (The Issue), of which 1,05,600 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 100/- per equity share, aggregating to Rs. 1.06 crores will be reserved for subscriptions by the market maker to the issue (The Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of 19,94,400 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 100/- per equity share, aggregating to Rs. 19.94 crores is here in after referred to as the Net Issue. The issue and the net issue will constitute 29.58% and 28.09% respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10/- each and the issue price is Rs. 100/- each i.e., 10.0 times of the face value of the equity shares. The minimum lot size is 1,200 equity shares.

Objective of issue

Funding capital expenditure expansion of its retail network by launching 15 new exclusive brand outlet (EBOs). Funding capital expenditure for purchase of multi-purposes racks. Working capital requirements. General corporate purposes.

Marc Loire Fashions Ltd Contact Details

Marc Loire Fashions Ltd, 451 Krishna Apra Bus, Netaji Subhash Place, Pitampura, New Delhi-110034

Phone - 011-45121795

Fax - 01145121795

Email - csvasant@marcloire.in

Website - https:, marcloire.com