Luxury Time IPO debuts December 11: Massive demand, luxury watch buzz
Luxury Time's IPO is set to launch on the BSE SME platform on December 11, with shares priced at ₹78-₹82.
The offering was wildly popular—oversubscribed 635 times overall, with retail investors leading at 860 times.
The company raised ₹18.74 crore, and grey-market premiums have soared (though official gains may be capped by SME rules).
What does Luxury Time actually do?
They're all about Swiss luxury watches—think TAG Heuer and Zenith—selling and servicing through over 70 outlets, including boutiques, multi-brand stores, and online channels.
With two service centers backing them up, the company reaches India's premium watch market through both in-store and digital channels.
Quick numbers & what's next
In FY25, Luxury Time's revenue jumped 20% to ₹60.78 crore while profits more than doubled to ₹4.29 crore.
The IPO funds will help open new stores and cover working capital needs as the company seeks to grow in India's luxury market.