The Luxury Time IPO opened this week, and the first day itself set the tone. As the bidding windows went live, retail investors rushed in, non-institutional buyers showed healthy participation, and the early numbers revealed a clear story: demand is strong.
For a company rooted deeply in the luxury watch market, the interest isn’t surprising. But the scale of it on Day 1? That’s what caught the Street’s attention.
Market Performance: A Strong Debut for Luxury Time IPO
The broader market remained steady, but all eyes stayed on the Luxury Time IPO subscription status. The offering opened on December 4 and will close on December 8, with a price band of ₹78–₹82 per share.
By midday, subscription numbers started building up. And by the time the tally was updated, the response painted a clear picture of strong investor appetite across categories.
Luxury Time IPO Subscription Status: Day 1 Snapshot
The first-day subscription trend showed broad participation from retail and NII segments, making the IPO 3.61x subscribed overall.
Here’s how the numbers stacked up:
- Overall IPO Subscription: 3.61 times
- Retail Investors: 6.30 times
- Non-Institutional Investors (NII): 2.11 times
- Qualified Institutional Buyers (QIB): Not yet subscribed
- Bids Received: 52,49,600 shares.
- Shares Offered: 14,52,800 shares (as of 12:44 PM IST, Day 1)
The strong retail subscription became the standout highlight of the first day.
Luxury Time IPO Details: Structure, Allocation & Use of Funds
The Luxury Time IPO details reveal a structured offering comprising both a fresh issue and an offer for sale.
Breakdown of the Issue
- Fresh Issue: ₹15 crore
- Offer for Sale: ₹3.74 crore
- Total Shares on Offer: 22.84 lakh
- Minimum Bid Lot: 3,200 shares
- Investment Required at Upper Band: ₹2,62,400
Earlier, 6.17 lakh shares were allocated to anchor investors, bringing in ₹5.06 crore.
Category Allocation
- QIBs: 45%
- Retail Investors: 31.86%
- Remaining Portion: NIIs and other categories
Use of Fresh Issue Proceeds
- Setting up four new retail outlets: ₹2.82 crore
- Meeting working capital needs: ₹9 crore
- General corporate purposes
The offering aims to strengthen the company’s footprint and support expansion-driven capital requirements.
Company Details: Inside Luxury Time’s Business & Growth Story
Luxury Time Limited is positioned as one of the names shaping India’s luxury watch ecosystem.
The company operates across five interconnected business segments:
- Watch Distribution (B2B)
- Direct-to-Consumer (D2C) & E-commerce Sales
- After-Sales Services
- Branding, PR & Marketing Support
- Tools & Machinery Distribution for Watch Servicing
Its expertise lies in distributing, retailing, and servicing Swiss luxury watches, supported by teams experienced in precision watch handling, luxury retail, and brand management.
Financial Performance
The company saw solid growth over recent financial periods:
FY25 Performance
- Revenue: ₹60.78 crore
- Growth: 20% YoY
- Net Profit: ₹4.29 crore (doubled compared to the previous year)
H1 FY26 Performance
- Revenue: ₹24.91 crore
- Net Profit: ₹2.01 crore
These numbers highlight growing demand and improved profitability within the luxury retail segment.
Summary: Luxury Time IPO Sees Strong First-Day Traction
The Luxury Time IPO began on a strong note with a 3.61x subscription on Day 1, led by heavy retail interest and steady NII participation. With a price band of ₹78–₹82, a structured issue mix, and clear expansion-focused fund utilisation, the offering has drawn significant attention.
As the subscription window remains open until December 8, the early momentum places the IPO among the notable offerings in the luxury retail space this season.
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