Luxury Time IPO: Swiss watch retailer wants to raise ₹18.74cr
Luxury Time, a distributor of Swiss luxury watches (think TAG Heuer), is aiming to raise ₹18.74cr via its IPO.
Shares are priced between ₹78-₹82 each, and the offer runs from December 4-8, with a tentative listing date of December 11 on the BSE SME platform.
What does Luxury Time actually do?
Luxury Time is TAG Heuer's official distributor in India and also runs their e-store here.
The company sells watches both wholesale and directly to customers, offers after-sales service, branding support, and even distributes special watchmaking tools.
You'll find their presence at over 70 retail points across major cities and Tier-I/II towns.
Other key details
The IPO includes about 22.84 lakh shares—45% reserved for big investors (QIBs) and nearly 32% for retail buyers.
Minimum investment is ₹2,62,400 for 3,200 shares.
Share allotment is expected on December 9; refunds follow on December 10.
The funds raised will help open four new stores, boost working capital, and cover general corporate needs.