Luxury Time IPO: Check GMP, price band and other details

Luxury Time, a distributor and retailer of Swiss luxury watches, will open its Rs 18.74 crore IPO for subscription on Thursday. The issue will close on December 8, with a tentative listing date of December 11 on the BSE SME platform. Market watchers peg the grey market premium (GMP) at around 24%.

Issue structure and price band

The IPO is a book-built issue in the price band of Rs 78–82 per share. It includes a fresh issue of Rs 15 crore and an offer for sale worth Rs 3.74 crore. Investors can apply for a minimum of 3,200 shares, requiring Rs 2,62,400 at the upper end.


Of the total 22.84 lakh shares on offer, 6.17 lakh shares were allotted to anchor investors on December 3, raising Rs 5.06 crore. QIBs account for 45% of the issue, while retail investors have been allocated 31.86%.

What the company does

Luxury Time distributes, markets and services Swiss luxury watches in India. Its portfolio includes well-known brands such as TAG Heuer, Zenith, Bomberg and Exaequo. The company is also the authorised distributor for TAG Heuer in India and manages its official online platform.

Luxury Time operates five business divisions -- watch distribution, direct-to-consumer and e-commerce sales, after-sales servicing, branding and marketing support, and distribution of tools and machinery. It has a footprint of more than 70 retail points across major metros and key Tier-I and Tier-II cities. The company also runs two service centres in Mumbai and Delhi, supported by over 20 authorised repair centres across the country.

Financial performance

Luxury Time reported a strong FY25, with revenue rising 20% to Rs 60.78 crore and profit doubling to Rs 4.29 crore. For the first half of FY26, the company reported revenue of Rs 24.91 crore and profit of Rs 2.01 crore.

Use of IPO proceeds

The proceeds from the fresh issue will be used for setting up four new retail stores (Rs 2.82 crore), meeting working capital needs (Rs 9 crore) and general corporate purposes.

IPO timeline

The issue closes on December 8. Allotment is expected on December 9, refunds on December 10 and listing on December 11. GYR Capital Advisors is the book-running lead manager, MAS Services is the registrar and Giriraj Stock Broking is the market maker.

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