Updated on 04.03.2026 @ 15:38 PM
Luxury Time Limited is launching its Initial Public Offering (IPO) on the BSE SME platform. You can also explore our upcoming and latest IPOs page for more opportunities in the primary market.
It is a premium distributor of Swiss luxury watches including brands like TAG Heuer and Zenith.
The subscription for this public issue will open on December 4, 2025, and close on December 8, 2025.
The company aims to raise up to ₹18.74 crores through a mix of a fresh issue and a small Offer for Sale (OFS) by its promoters.
The price band has been fixed at ₹78 to ₹82 per share, with a minimum lot size of 1,600 shares.
Luxury Time has demonstrated robust financial performance and a debt-free balance sheet, making it an interesting proposition in the high-growth luxury segment.
In this article, you will find Luxury Time IPO GMP today, price band, and a detailed, unbiased review to help you make an informed decision. For the allotment related information check our allotment section of IPOs, and for subscription related issues check our detailed subscription section which are udpated regularly.
Briefs of Luxury Time IPO Details
- Price Band: ₹78 to ₹82 per share
- IPO Open / Close Dates: December 4, 2025 – December 8, 2025
- Lot Size: 1,600 Shares
- Issue Size: 22,84,800 shares (aggregating up to ₹18.74 Crores)
- Fresh Issue: 18,28,800 shares (₹13.24 Crores)
- Offer for Sale (OFS): 4,56,000 shares (₹3.74 Crores)
- Reserved for Market Makers: 2,14,400 shares (₹1.76 Crores)
- Registrar: MAS Services Ltd.
- Listing Exchange: BSE SME
For information related to allotment, share credit or refunds check our detailed step by step guide by MAS.
What is The Luxury Time IPO GMP Today?
Check the GMP of IPOs at a single place. GMP hub page. The Grey Market Premium (GMP) is an unofficial indicator of market sentiment that typically becomes active closer to the IPO opening date.
Listing Updates:
| IPO | Issue Price | Open | Gain/loss |
| Luxury | 82 | 155.8 | 90.0 |
What Are The Luxury Time IPO Dates & Allotment Schedule
- IPO Open & Close Date: December 4, 2025 – December 8, 2025
- Basis of Allotment Date: December 9, 2025
- Refund Initiation Date: December 10, 2025
- Credit of Shares: December 10, 2025
- Listing Date: December 11, 2025
What Are The Objectives of Luxury Time IPO?
The company intends to utilise the net proceeds from the fresh issue to expand its retail footprint and operational capacity:
- Capital Expenditure (₹2.82 Crores): To set up four new retail stores in key cities like Delhi, Amritsar, Indore, and Bhubaneswar, enhancing its physical presence.
- Working Capital Requirements (₹9.00 Crores): A significant portion is allocated to manage inventory of high-value luxury watches and support business growth.
- General Corporate Purposes: The balance amount will be used for other strategic requirements.
- Note: The proceeds from the Offer for Sale (OFS) of ₹3.74 crores will go to the selling promoters and not the company.
How is The Financial Performance of Luxury Time?
The following table summarizes the company's financial performance based on restated consolidated data.
(Amounts in ₹ Crores)
| Particulars | Period Ended 30 Sep 2025 | Year Ended 31 Mar 2025 | Year Ended 31 Mar 2024 | Year Ended 31 Mar 2023 |
Total Income | 24.91 | 60.78 | 50.59 | 52.86 |
Profit After Tax (PAT) | 2.01 | 4.29 | 2.01 | 2.58 |
EBITDA | 2.94 | 6.21 | 3.15 | 3.97 |
Net Worth | 20.87 | 18.86 | 14.56 | 12.55 |
Reserves and Surplus | 14.44 | 12.43 | 8.14 | 6.13 |
Total Borrowing | 2.07 | 2.98 | 1.12 | 31.50 |
Assets | 29.87 | 26.65 | 22.57 | 57.17 |
Key Financial Observations:
Profit After Tax (PAT):
The company's PAT rebounded strongly in FY25, more than doubling from the previous year to ₹4.29 Crores. This sharp increase reflects improved operational efficiency and higher sales in the luxury segment.
Total Income:
Revenue grew by over 20% in FY25 to ₹60.78 Crores, driven by the addition of new retailers and expansion into tools distribution. The core watch distribution business remains the primary revenue driver.
EBITDA:
Operational profit (EBITDA) nearly doubled in FY25 with margins expanding to over 10%. This indicates better cost management and pricing power, crucial in the luxury retail space.
Total Borrowings:
The company has significantly deleveraged, with total borrowings dropping to just ₹2.07 Crores as of September 2025. The debt-to-equity ratio is a negligible 0.10x, indicating a very strong balance sheet.
Assets:
Total assets have stabilized at around ₹30 Crores, with a significant portion likely tied up in high-value inventory, which is typical for a luxury retail business.
P/E Ratio & Peer Comparison
Based on its Fiscal Year 2025 earnings per share (EPS) of ₹6.96, the IPO is priced at a Price-to-Earnings (P/E) multiple of approximately 11.8x at the upper end of the price band (₹82).
P/E Ratio = ₹82 (Price) / ₹6.96 (Earnings Per Share)
P/E Ratio ≈ 11.8x
This valuation appears extremely attractive when compared to its listed industry peer.
| Company Name | P/E Ratio | RoNW (%) (FY25) | EPS (₹) |
Luxury Time (at IPO price) | ~11.8x | 22.77% | 6.96 |
| Ethos Ltd | 73.78x | 9.80% | 39.33 |
Analysis for Investors:
The comparison highlights a massive valuation gap. Luxury Time is being offered at a P/E of ~11.8x, while its closest peer, Ethos Ltd, trades at a premium P/E of over 73x.
Furthermore, Luxury Time boasts a superior Return on Net Worth (RoNW) of nearly 23%, compared to Ethos's ~10%.
This combination of deep value and high efficiency makes the IPO pricing look very compelling.
Industry Outlook
- The luxury watch market in India is witnessing a structural boom, driven by rising disposable incomes, a growing aspirational class, and a shift towards premiumization.
- As the exclusive distributor for brands like TAG Heuer and Zenith, Luxury Time is uniquely positioned to capitalize on this trend.
- The company's strategy to expand its retail footprint in Tier-2 cities aligns well with the widening base of luxury consumers in India.
What Are The Strengths and Risks of Luxury Time IPO?
Strengths:
- Exclusive Distribution Rights: Sole distributor for marquee Swiss luxury brands, creating a high entry barrier for competitors.
- Strong Financial Turnaround: Significant jump in revenue and profits in the latest fiscal year with expanding margins.
- Debt-Free Status: A robust balance sheet with negligible debt provides financial stability and room for expansion.
- Attractive Valuation: Priced at a steep discount to its listed peer, offering a potential valuation upside.
Risks:
- Supplier Concentration: The business is heavily dependent on a single Swiss supplier for its inventory. Any disruption in this relationship would be catastrophic.
- High Inventory Risk: Dealing in high-value luxury goods requires significant working capital and carries the risk of slow-moving inventory.
- Economic Sensitivity: Luxury goods are highly sensitive to economic downturns and discretionary spending.
- Currency Fluctuations: Imports are denominated in Swiss Francs, exposing the company to forex risks if the Rupee depreciates.
What Are The Expert Recommendations – Should You Apply?
Subscribe
The Luxury Time IPO presents a compelling opportunity to invest in the high-growth luxury segment at a bargain price.
- For Value Investors: The P/E of ~11.8x is a massive discount to the industry benchmark, making it a highly attractive value pick.
- For Growth Investors: The company's expansion into new cities and its strong profitability growth indicate robust future potential.
- Our View: Despite the supplier concentration risk, the company's exclusive brand rights, strong financials, and very attractive valuation make it a strong candidate. We recommend "Subscribe" for potential listing gains and long-term holding.
Key Takeaways
- IPO Price Band: ₹78 to ₹82 per share
- Lot Size: 1,600 Shares (Minimum Investment: ₹1,24,800 at lower band). Correction: At upper band, amount is ₹1,31,200.
- Allotment & Listing Dates: Tentative listing on December 11, 2025.
- Recommendations of experts: A "Subscribe" recommendation. A financially strong luxury retailer offered at a significant valuation discount to its peer.
FAQs on Luxury Time IPO
What is Luxury Time IPO price band?
The price band for the IPO is set at ₹78 to ₹82 per equity share.
What is Luxury Time IPO allotment date?
The allotment of shares is tentatively expected to be finalized on Tuesday, December 9, 2025.
How to check Luxury Time IPO allotment status?
You can check the allotment status on the website of the IPO registrar once the basis of allotment is finalized.
What is Luxury Time IPO listing date?
The company's shares are tentatively scheduled to be listed on the BSE SME platform on Thursday, December 11, 2025.
Should I apply for Luxury Time IPO?
Yes, this is a recommended IPO. The company operates in a high-growth luxury niche, has excellent financials with no debt, and is priced very attractively compared to its listed competitor.
Useful Links Luxury Time IPO
