The initial public offer (IPO) of Luxury Time received bids for 92,35,05,600 shares as against 16,67,200 shares on offer. The issue was subscribed 553.93 times.
Qualified Institutional Buyers (QIBs) bid for 8,45,32,800 shares, Non-Institutional Investors (NIIs) for 21,25,05,600 shares, Retail Individual Investors (RIIs) placed bids for 62,64,67,200 shares.
The issue opened for bidding on 04 December 2025 and it closed on 08 December 2025. The price band of the IPO was fixed between Rs 78 to Rs 82 per share. The equity shares will list on BSE’s SME platform.
The IPO comprised 22,84,800 equity shares, including a fresh issue of 18,28,800 equity shares and offer for sale (OFS) of 4,56,000 equity shares.
The company intends to utilize the net proceeds for funding capital expenditure towards setting-up of 04 new retail stores, funding working capital requirements of the company and general corporate purposes.
Ahead of the IPO, Luxury Time on Wednesday, 03 December 2025, raised Rs 5.06 crore from anchor investors. The board allotted 6.17 lakh shares at Rs 82 each to 3 anchor investors.
Luxury Time 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, it is supported by a team of seasoned professionals with expertise in luxury watch distribution, retail management, after-sales servicing, precision tools and machinery, and brand marketing. In addition, it has entered into a joint venture with an Indian listed luxury watch retail company to operate exclusive mono-brand boutiques, and currently manages two stores at the Mall of Asia, Bengaluru, and Palladium Mall, Mumbai. As of 30 September 2025, the company had 17 employees.
The company recorded revenue from operations of Rs 24.86 crore and a net profit of Rs 2.01 crore for the period ended 30 September 2025.