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₹82 - 82
Luxury Time Ltd
RetailIPOSME
₹82 - 82
Our Company is engaged in the distribution, marketing, retailing, and after-sales servicing of Swiss luxury watches, as well as the distribution of watch service-related tools and equipment in India. Headquartered in New Delhi, we are supported by a team of seasoned professionals with expertise in luxury watch distribution, retail management, after-sales servicing, precision tools & machinery, and brand marketing.
Lot1,600Min Invest₹2,62,400Face Value₹10Issue Size₹19 CrFresh Issue₹15 CrOffer for Sale₹4 CrListing Price₹156CMP₹63
Timeline
4 Dec
Bidding opens
8 Dec
Bidding closes
9 Dec
Allotment
10 Dec
Refund & demat credit
11 Dec
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹19 Cr0.23 Cr shares
Fresh Issue₹15 Cr
Offer for Sale₹4 Cr
Face Value₹10
Lot Size1,600 shares
ReservationQIB 49.69% · NII 15.15% · RETAIL 35.16%
Application Sizes
Retail₹2,62,4001-1 lots
sNII₹2,62,400from 2 lots
bNII₹10,49,600from 8 lots
Managers & Registrar
Lead ManagerGYR Capital Advisors Private Limited
RegistrarMAS Services Ltd
Ownership & Proceeds
Offer for Sale
Selling ShareholderShares OfferedAmt ₹ CrAshok GoelPRMTR3,04,0002.49Pawan ChohanPRMTR1,52,0001.25Total4,56,0003.74
Shareholding
CategoryPre IPOPost IPOPromoter Group95%68.43%Public5%31.57%
Objects of the Issue
- Funding capital expenditure towards setting-up of 04 New Retail Stores
- Funding working capital requirements of our company
- General Corporate Purpose
Financials
Profit & Loss
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| RevenueCr | 53 | 50 | 60 | 60 |
| Operating ProfitCr | 4 | 3 | 6 | 7 |
| OPM% | 7.5 | 5.3 | 9.3 | 11.7 |
| PBTCr | 4 | 3 | 5 | 7 |
| PATCr | 3 | 2 | 4 | 6 |
| EPS | 4 | 3 | 6 | 8 |
Balance Sheet
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Equity CapitalCr | 1 | 1 | 6 | 8 |
| ReservesCr | 10 | 12 | 12 | 29 |
| BorrowingsCr | 2 | 3 | 2 | 2 |
| Total AssetsCr | 22 | 25 | 30 | 48 |
Cash Flow
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Operating Cash FlowCr | -1 | 3 | 0 | 1 |
| Investing Cash FlowCr | 0 | 0 | -1 | -13 |
| Financing Cash FlowCr | 0 | 1 | -1 | 13 |
| Net Cash FlowCr | -1 | 3 | -2 | 1 |
Strengths & Risks
Strengths · as stated in the DRHP
- Established Presence in the Indian Luxury Watch Market.
- Long-Term Collaborations with Global Luxury Brands.
- Wide and Growing Retail and Distribution Network.
- Comprehensive After-Sales Service Ecosystem.
- Distribution Rights for Specialized Tools.
- Experienced and Visionary Leadership Team.
Risks · as stated in the DRHP
- Its business is significantly dependent on a single Swiss company, and any deterioration in this relationship may adversely affect its operations, financial condition and results of operations.
- If its cannot maintain and expand the company existing client base, its business, financial condition, cash flows and results of operations may be adversely affected.
- Its business is heavily dependent on the company B2B watch distribution segment, and any adverse developments in this segment could materially affect its revenues and profitability.
- The company has negative cash flows from Operating activities in the past in some of the recent years.
- The Company has in the past not complied with the certain provisions of the Companies Act, 2013.
- The company currently hold distribution rights in India for certain brands, but there can be no assurance that such will continue in the future.