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Luxury Time IPO
Price Band
₹78.0–82.0
Issue Size
₹18.74 Cr
Lot Size
1,600 shares
Min Investment
₹262,400
2 LOTS MIN
GMP
+₹99.0 (120.73%)
Issue Price
₹82.0
Subject to Sauda
₹120400
Paid only if allotted
Luxury Time IPO AI Summary
- Luxury Time IPO is listed on BSE SME in the Gems, Jewellery And Watches sector.
- Price band: ₹78.0–₹82.0 per share, lot size 1,600 shares (min. investment ₹262,400, 2 lots minimum).
- Subscription window: 04 Dec–08 Dec 2025, listing on 11 Dec 2025.
- Current GMP is +₹99.0 (120.73%), an estimated listing price of ₹181 — unofficial and can change daily.
Luxury Time Limited is an SME engaged in the luxury watch market in India, with a strong distribution network and a focus on Swiss brands. The IPO aims to raise funds for expansion and working capital, with a positive grey market sentiment suggesting potential listing gains.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Luxury Time IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 08 Dec 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Luxury Time IPO Grey Market Premium (GMP) Today
GMP
+₹99.0
GMP %
+120.73%
Est. Listing
₹181.0
Updated: 25 Jul 2026 14:15
About the Company
Incorporated in 2008, Luxury Time Limited is engaged in the distribution, marketing, retailing, and after-sales servicing of Swiss luxury watches, along with the distribution of watch service-related tools and equipment in India. Headquartered in New Delhi, the company is supported by a team of professionals with expertise in luxury watch distribution, retail management, precision servicing, and brand marketing. The company operates across five integrated business verticals: Watch Distribution (B2B) Direct-to-Consumer (D2C) and E-commerce Sales After-Sales Services Branding, PR, and Marketing Support Tools and Machinery Distribution Luxury Time Limited maintains a retail footprint of over 70 points of sale (POS) across India, including mono-brand boutiques, multi-brand outlets (MBOs), and digital platforms. Its presence covers major metropolitan cities such as Delhi, Mumbai, and Bengaluru, and extends to key Tier I and Tier II locations including Hyderabad, Ahmedabad, Pune, Surat, Kolkata, Chennai, Coimbatore, Chandigarh, Ludhiana, Cochin, and Lucknow. The company’s after-sales network includes two service centers in Mumbai and Delhi, supported by 20+ authorized and dealer-operated facilities across the country. Luxury Time Limited’s brand portfolio features renowned Swiss luxury watch brands, including TAG Heuer, Zenith, Bomberg, and Exaequo. The company is the authorised distributor for TAG Heuer in India and manages its official e-commerce platform in the country. As of September 30, 2025, the company has 17 employees.
Company Financials (₹ Cr)
As of 2025-03-31
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 29.87 | 30.12 | 25.53 | 22.12 |
| Total Income | 24.91 | 60.78 | 50.59 | 52.86 |
| Profit After Tax | 2.01 | 4.29 | 2.01 | 2.58 |
| EBITDA | 2.94 | 6.21 | 3.15 | 3.97 |
| NET Worth | 20.87 | 18.86 | 13.31 | 11.30 |
| Reserves and Surplus | 14.44 | 12.43 | 12.44 | 10.43 |
| Total Borrowing | 2.07 | 1.56 | 3.12 | 2.20 |
Key Ratios
EPS
₹6.52
NAV
₹29.00
ROCE
29.84%
RoNW
22.49%
P/B Value
2.83
P/E Ratio
12.57
Market Cap
₹67.69 Cr
PAT Margin
6.95%
Debt/Equity
0.08
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Ethos Limited | 401.22 | 9.8% | 73.78 | 39.33 | 39.33 |
| Luxury Time Ltd. This IPO | 29.35 | 22.77% | — | 6.79 | 6.79 |
Promoters
Ashok Goel and Pawan Chohan
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding capital expenditure towards setting up of 04 New Retail Stores 2.82 2 Funding working capital requirements of the Company 9.00 3 General Corporate Purposes 1.43 4 Issue Expenses 1.74 Total 15.00
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹52.86 Cr in the year ending 31 Mar 2023, slightly decreasing to ₹50.59 Cr by 31 Mar 2024, then increasing to ₹60.78 Cr in the year ending 31 Mar 2025. However, the most recent figure of ₹24.91 Cr as of 30 Sep 2025 is not directly comparable as it represents a 9-month period.
Profit Trend
Profit After Tax was ₹2.58 Cr in the year ending 31 Mar 2023, remaining stable at ₹2.01 Cr by 31 Mar 2024. It rose to ₹4.29 Cr in the year ending 31 Mar 2025, but the latest figure of ₹2.01 Cr as of 30 Sep 2025 is not directly comparable since it is a 9-month figure.
Valuation
At the issue price of ₹82.0, Luxury Time Ltd. has an implied P/E ratio of 12.57, compared to peers like Ethos Limited, which trades at a P/E of 73.78.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected premium at which an IPO might list compared to its issue price. A positive GMP suggests that investors are willing to pay more than the issue price, indicating strong demand in the grey market.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their risk tolerance and investment strategy. It's essential to consider the company's fundamentals and market conditions.
Who May Want to Wait
Investors who prefer stable, established companies with predictable earnings may want to avoid IPOs like this, which can be subject to higher volatility and uncertainty.
IPO Timeline, Explained
The IPO opens for subscription on December 4, 2025, and closes on December 8, 2025. Allotment of shares will be done on December 9, 2025, with the listing date set for December 11, 2025.
Listing Gains — The Risk
Listing gains can be unpredictable and are influenced by market conditions, investor sentiment, and the company's performance post-IPO. Investors should be aware that while some IPOs may list at a premium, others may not perform as expected.
This evaluation is generated from Luxury Time's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Luxury Time IPO GMP today?
Luxury Time IPO GMP today is +₹99.0 (120.73%), indicating an estimated listing price of ₹181. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Luxury Time IPO?
The price band of Luxury Time IPO is ₹78.0–₹82.0 per share.
When does Luxury Time IPO open and close?
Luxury Time IPO opens on 04 December 2025 and closes on 08 December 2025.
When does Luxury Time IPO list on the stock exchange?
Luxury Time IPO listed on 11 December 2025 at ₹181.0.
What is the lot size for Luxury Time IPO?
The lot size for Luxury Time IPO is 1600 shares, requiring a minimum investment of ₹262,400 (2 lots).
What is the price band for Luxury Time's IPO?
The price band for Luxury Time's IPO is ₹78.0 to ₹82.0.
What is the minimum investment required?
The minimum investment required is ₹262,400, which corresponds to a lot size of 1600 shares.
When does the IPO open and close?
The IPO opens on December 4, 2025, and closes on December 8, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium at which an IPO might list compared to its issue price.
What is the listing date for Luxury Time?
The listing date for Luxury Time is December 11, 2025.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
04 Dec 2025
Close
08 Dec 2025
Allotment
09 Dec 2025
Listing
11 Dec 2025
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