Luxury Time SME IPO

Listed

BSE SMEOpens 4 December 2025Closes 8 December 2025

Luxury Time Ltd. is a leading distributor, marketer, retailer, and service provider for Swiss luxury watches in India, operating across the entire value chain. The company is the authorized distributor for brands like…

Live GMP Subscription Allotment

Price band

₹78 - ₹82

Issue size

₹18.74 Cr

Lot size

1,600 shares

Type

BSE SME

GMP

₹99 (+120.7%)

Est. listing

₹181

Est. profit / app

₹3,16,800

Retail quota

31.86%

Key ratios

As per RHP / filings

Face value

₹10

EPS

5.08

P/E ratio

16.15

RoNW

22.49%

ROE

22.49%

Debt / Equity

0.08

Timeline

IPO Opens
4 Dec 2025
IPO Closes
8 Dec 2025
Allotment
9 Dec 2025
Listing
11 Dec 2025

IPO Opens

4 Dec

IPO Closes

8 Dec

Allotment

9 Dec

Listing

11 Dec

IPO Timeline & Listing Details

Event	Date	Details
IPO Open Date	4 December 2025	Subscription starts
IPO Close Date	8 December 2025	Subscription ends
Allotment Date	9 December 2025	Allotment
Listing Date	11 December 2025	Listing

Investment Categories

Category	Lots	Amount
Individual	2	₹2,62,400
SHNI (Min)	3	₹3,93,600
SHNI (Max)	7	₹9,18,400
BHNIAbove ₹10,00,000	8	₹10,49,600

IPO Reservation Details

Category	Reservation
QIB (Qualified Institutional Buyer)	45.03%
NII (Non-Institutional Investor)	13.73%
SHNI (Small Non-Institutional Investor)	4.62%
BHNI (Big Non-Institutional Investor)	9.10%
Retail	31.86%
Market Maker	9.38%
Total	100.00%

IPO Objectives

Funding capital expenditure towards setting-up of 04 New Retail Stores (₹2.82 Cr).
Funding working capital requirements (₹9.00 Cr).
General Corporate Purpose.

Strengths

The company has an Established Presence in the Indian Luxury Watch Market, benefiting from long-term collaborations with global brands like TAG Heuer and Zenith.
It operates a Wide and Growing Retail and Distribution Network, including both mono-brand and multi-brand stores, covering over 70 retail points.
The business maintains a Comprehensive After-Sales Service Ecosystem with company-owned and authorized centers, supporting long-term customer relationships.
It shows strong financial growth, with Profit After Tax (PAT) rising by 114% between FY24 and FY25, indicating increasing operational efficiency.
The company maintains Excellent profitability metrics with an RoCE of 30.41% and a low debt-to-equity ratio of 0.08 in FY25.

Weaknesses

There is High reliance on foreign brand partnerships; non-renewal of distribution or service agreements for key brands could severely impact revenue.
The luxury watch market is highly sensitive to economic downturns and fluctuations in discretionary spending.
Operations are Working capital intensive, with a significant amount of cash tied up in inventory and receivables.
The company faces High competition from other authorized and gray market distributors in the luxury watch segment.
The IPO includes an Offer for Sale (OFS) component, which reduces the total fresh capital available for the company's direct growth and expansion.

Financial Performance

Period Ended	30 Sep 2025	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets (₹ Cr.)	29.87	30.12	25.53	22.12
Revenue (₹ Cr.)	24.91	60.78	50.59	52.86
PAT (₹ Cr.)	2.01	4.29	2.01	2.58
Net Worth (₹ Cr.)	20.87	18.86	13.31	11.3

Peer Comparison

Company	P/B Ratio	P/E Ratio	RONW (%)	Net Worth (₹ Cr.)
Luxury Time	2.83	16.15	22.49%	20.87
Ethos Limited	5.82	87.85	6.63%	982

Subscription Details

Daily Bids Status

Category	Day 1	Day 2	Day 3
QIB	0x	0.01x	205.58x
NII	10.99x	73.88x	676.57x
S-HNI	13.35x	92.98x	626.53x
B-HNI	9.8x	64.18x	701.97x
RII	24.32x	139.59x	857.41x
Total	14.56x	85.9x	633.88x

Overall Subscription Statistics

Category	Shares Offered	Shares Bid	Bid Amount (₹ Cr)
QIB	4,11,200	8,45,32,800	693.17
NII	3,13,600	21,21,71,200	1,739.8
Small NII	1,05,600	6,61,61,600	542.53
Big NII	2,08,000	14,60,09,600	1,197.28
RII	7,28,000	62,41,92,000	5,118.37
Total	14,52,800	92,08,96,000	7,551.35

Company Details

Luxury Time Ltd.
713, Pearls Omaxe Building, Tower- 2, Wazirpur, Netaji Subhash Place, Delhi, -110034
+91 011-49060989
info@luxurytimeindia.com
http://www.luxurytimeindia.com/

Registrar Details

MAS Services Ltd.
(011) 2610 4142
ipo@masserv.com
https://www.masserv.com/opt.asp

Frequently Asked Questions

Which luxury watch brands is Luxury Time the authorized distributor for in India?

Luxury Time is the authorized distributor for Swiss luxury watch brands including TAG Heuer, Zenith, Bomberg, and Exaequo in India.

When will the Luxury Time IPO open and close for subscription?

The Luxury Time SME IPO opens for subscription on December 4, 2025, and closes on December 8, 2025.

What are the main business segments of Luxury Time?

The business operates across five key areas: Watch Distribution (B2B), Direct-to-Consumer & E-commerce, After-Sales Services, Branding/Marketing Support, and Tools & Machinery Distribution.

What is the IPO price band and listing exchange?

The price band is ₹78.00 to ₹82.00 per share, and the tentative listing date on the BSE SME is December 11, 2025.

How extensive is Luxury Time's retail and service network?

The company operates over 70 retail points across major Indian cities and runs two company-owned service centers (Mumbai and Delhi), plus 20+ authorized/dealer-operated centers.

What are the key financial strengths of Luxury Time?

Luxury Time has shown strong profitability with PAT rising by 114% in FY25 and a high RoCE of 30.41% on its operations, supported by a low debt-to-equity ratio of 0.08.

Luxury Time SME IPO News & Updates

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Luxury Time SME IPO IPO Pages

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Luxury Time SME IPO News

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Sources

We match Luxury Time SME IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.

SEBIRules for IPO allotment and disclosures in India
NSEExchange notices, bidding data, and listing updates
BSEExchange notices and IPO allotment check tools
RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
MAS Services Ltd.Official site to check allotment status for this IPO

Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.

Reviewed by

Dinesh Agrawal · Lead IPO Analyst

15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.

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