Luxury Time Ltd IPO
Trading
Price Band
₹78 – ₹82
Lot Size
1600
Minimum Bid Quantity
3200
Minimum Investment
₹262400
Issue Size
₹18.74Cr
Opens
2025-12-04
Closes
2025-12-08
Listing
11-12-2025
Subscription Status
Qualified Institutional Buyers
205.58 x
Non-Institutional Investor
399.13 x
Retail Individual Investor
832.11 x
Total
540.46 x
IPO Details
Issue Type
FP
Face Value
₹10
Tick Size
1
ISIN
INE1CJB01013
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Luxury Time Limited is engaged in the distribution, retailing, marketing, and after-sales servicing of Swiss luxury watches in India. The company also distributes watch-service tools and machinery used in the watchmaking and jewellery sectors. Incorporated in 2008 and headquartered in New Delhi, it operates as an authorised distributor for several Swiss brands. The company’s operations span five verticals: business-to-business (B2B) watch distribution, direct-to-consumer (D2C) and e-commerce sales, after-sales services, branding and marketing support, and distribution of tools and machinery. It manages more than 70 points of sale nationwide, covering mono-brand boutiques, multi-brand outlets, and online platforms across cities such as Delhi, Mumbai, Bengaluru, Hyderabad, Pune, Surat, Kolkata, and Chennai. Luxury Time Limited also operates two service centres in Mumbai and Delhi. Additionally, it distributes tools from Swiss manufacturers Bergeon and Horotec to watchmakers, jewellery chains, and independent service professionals.
Pros
- • Luxury Time Limited claims to have over 15 years of operational experience in the Swiss luxury watch segment in India, having begun operations in 2008. This tenure has allowed the company to develop a detailed understanding of consumer behaviour in the premium and ultra-premium categories. Their ability to navigate challenges such as grey-market competition and high import duties positions them uniquely within the Indian luxury retail landscape.
- • The company claims to have secured exclusive distribution rights for multiple Swiss brands, enabling it to manage import, retail, and marketing functions for TAG Heuer, Zenith, Bomberg, and Exaequo in India. These long-term partnerships also extend into after-sales servicing and boutique operations, indicating that global OEMs rely on the company to maintain consistent brand representation in the Indian market.
- • Luxury Time Limited claims to have built a distribution network of over 70 points of sale across metros and Tier 1 cities, covering mono-brand boutiques, multi-brand outlets, and digital platforms. The company ensures brand-aligned visibility and access to high-value customers. This network also supports both B2B and D2C sales, contributing to diversified revenue channels.
Cons
- • Luxury Time Limited relies significantly on one Swiss company for supplying luxury watches and tools. Purchases from this top supplier accounted for 49.15 percent of the company’s total purchases for the period ended September 30, 2025, 56.28 percent in FY25, 53.26 percent in FY24, and 65.48 percent in FY23 of total purchases. Since there is no long-term binding contract in place, any change in supply terms or termination of the relationship could disrupt inventory availability and materially impact operations and cash flows.
- • The top customer accounted for Rs 8.45 crore (33.99 percent) of the company’s revenue for the period ended September 30, 2025; Rs 16.74 crore (27.74 percent) in FY25; Rs 12.94 crore (25.79 percent) in FY24; and Rs 11.24 crore (21.30 percent) in FY23. Any failure to retain this key customer, expand the customer base, or a loss of business from this client can adversely affect the company’s business and financial standing.
- • The B2B watch distribution segment contributed Rs 19.00 crore (76.45 percent) of the company’s revenue in the period ended September 30, 2025, Rs 47.39 crore (78.54 percent) in FY25, Rs 38.93 crore (77.59 percent) in FY24, and Rs 43.69 crore (82.76 percent) in FY23, making the company highly dependent on bulk distribution sales. Any slowdown in B2B demand or disruption in distributor relationships could significantly affect total revenue and profitability.
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