Marc Loire Fashions shares to list today. GMP flat ahead of debut
Marc Loire Fashions is ready for its debut on the Bombay Stock Exchange SME platform this Monday. The initial public offering of Rupees 21 crore was subscribed 2.33 times. The company will use the IPO proceeds to expand its brand. This includes launching exclusive brand outlets and setting up retail racks. The company reported revenue of Rupees 42.
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Flysbs Aviation's initial public offering (IPO) generated strong investor enthusiasm, reflected by a soaring grey market premium (GMP) of 96%, indicating high demand for the shares even before their official listing. On the final day of subscription, the IPO was subscribed an impressive 84.52 times. The issue is entirely a fresh offer of 45.57 lakh shares, aiming to raise around Rs 102.53 crore. The subscription period closes on August 5, and the shares are expected to debut on the NSE SME platform on August 8. ADVERTISEMENT The last day grey market (GMP) for Flysbs Aviation's SME IPO was Rs 215. Given the IPO's price band of Rs 225, the estimated listing price is calculated to be around Rs 440 by combining the upper cap price with the current GMP. This suggests an expected gain of approximately 95.56% per share for investors, indicating a potentially strong upside on the listing Aviation IPO received an exceptional response from investors, with overall subscriptions reaching 84.52 times on the NSE by 12:45 pm on Tuesday. Looking closer, the issue was particularly popular among individual investors, who submitted 1.84 lakh applications and bid for 22.14 crore shares. Qualified Institutional Buyers (QIBs) placed bids for 66.35 lakh shares, while Non-Institutional Investors (NIIs) showed strong interest by bidding for 15.91 crore shares. This robust demand across all investor categories underscores the widespread enthusiasm for the IPO. The Flysbs Aviation IPO is priced in a band of Rs 210–225 per share Based in Chennai, Flysbs Aviation is one of the few aviation startups focused exclusively on private jet operations, offering a full range of ultra-luxury, super luxury, and high-speed jets for both domestic and international clients. In FY25, the company clocked 2,600 flight hours, with nearly 70% of its flying done by promoters with deep domain knowledge, the company is eyeing fresh capital to acquire six new aircraft on long-term dry lease, repay borrowings, and fund general corporate needs. Financially, the company's FY25 profit after tax surged 153% to Rs 28.41 crore, while revenue jumped 83% year-on-year to Rs 195.38 crore. ADVERTISEMENT Investors will be watching closely whether this sky-high GMP translates into a smooth takeoff on listing Financial Services is the book-running lead manager, while MUFG Intime (Link Intime) is the registrar to the issue. Giriraj Stock Broking is the market maker. ADVERTISEMENT Also read: JSW Cement IPO: GMP signals 12% listing gains ahead of IPO opening. Check details (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
