- POSITIVE
Annual Revenue Luxury Time Mar-2026 Annual Revenue is Rs 54 Cr which is growth of 1.3% YoY.
- POSITIVE
Annual Net Profit Luxury Time Mar-2026 Annual Net Profit is Rs 6 Cr which is growth of 68.0% YoY.
Luxury Time was incorporated on August 1, 2018. The company distributes, markets, retails, and services Swiss luxury watches in India, while also supplying watch-service tools and equipment. Headquartered in New Delhi, it is supported by experienced professionals across luxury distribution, retail operations, servicing, and brand marketing
| Bidding Dates |
|---|
| 04 Dec 2025 - 08 Dec 2025 |
| Subscription |
|---|
| 404.2x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹249,600 | 2 | 2 | 1600 | 2.3 M | ₹78 - ₹82 | 68.43 % | ₹178.2 M - ₹187.4 M | RHP DOC |
Luxury Time IPO SUBSCRIPTION STATUS
08 Dec '25Total404.2x
Retail Individual Investor783.4x
HNI (NII) Investors620.06x
Qualified Institutional Buyers74x
Luxury Time IPO overall subscription rate was 404.2 times the total available shares
Luxury Time IPO retail subscription rate was 783.4 times in the retail segment
Luxury Time IPO non-institutional investor subscription rate was 620.06 times in the non-institutional investor category
Luxury Time IPO Qualified Institutional Bidder subscription rate was 74 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
08 Dec 2025 (Day 3) | 783.4x | 620.06x | 74x |
05 Dec 2025 (Day 2) | 127.07x | 68.23x | - |
04 Dec 2025 (Day 1) | 22.14x | 10.06x | - |
Luxury Time FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| H1FY26 | 24.9 | 2.0 | -1.9 | -2.0 | 11.8% |
| FY25 | 60.3 | 4.2 | -0.3 | -1.0 | 10.1% |
| FY24 | 50.2 | 1.9 | 2.7 | 2.7 | 6.1% |
| FY23 | 52.8 | 2.6 | -1.2 | -1.3 | 7.6% |
Luxury Time IPO SUBSCRIPTION STATUS DETAILS
Luxury Time had 2.3 M shares on offer
Luxury Time IPO offer price was in the range ₹78 - ₹82
Luxury Time IPO minimum Investment was ₹249600
Luxury Time IPO issue size was ₹ 178.2 M - ₹ 187.4 M
Luxury Time had a minimum lot size of 1600 Shares per application
Luxury Time NUMBER OF SHARES ON OFFER
Total2.3 M
Fresh Issue1.8 M
Offer for Sale456.0 K
Post Issue Promoter Holding %68.43 %
Luxury Time IPO IMPORTANT DATES
| Issue Open Date | 04 Dec 2025 |
| Issue close Date | 08 Dec 2025 |
| Allotment Date | 09 Dec 2025 |
| Refund Date | 10 Dec 2025 |
| Demat Account Credit Date | 10 Dec 2025 |
| Listing Date | 11 Dec 2025 |
| Listing on Exchange(s) | BSE |
| Luxury Time Allotment Status | Exchange/ Registrar |
Luxury Time IPO subscription opened on 04 Dec 2025, and closed on 08 Dec 2025
IPO allotment for Luxury Time was finalized on Tuesday, 09 Dec 2025
IPO listing for Luxury Time was on BSE on Thursday, 11 Dec 2025
Luxury Time IPO LISTING GAINS
| Issue Price (adjusted) | 82.0 |
| Listing Open Price | 155.8 |
| Listing Close Price | 163.6 |
| Listing Gain% | 90.0% |
| Current Gain% | -25.6% |
Luxury Time Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Luxury Time Ltd. | 61 | 50.4 | 9.1 | 0.3 | 0.8 | 15 | 11.5 | 60.3 | -0.8 | 5.5 | 31.8 | 6.7 | 31.8 |
| Vedant Fashions Ltd. | 535.4 | 13007.8 | 33.7 | -13.6 | 8.9 | 19.1 | 13.2 | 1529 | 3.9 | 375.5 | -3.3 | 15.9 | -2.5 |
| Aditya Birla Lifestyle Brands Ltd. | 80.7 | 9854.5 | 56 | 0.3 | 1.1 | 12.1 | 2 | 8480.9 | 7.2 | 171 | 187 | 1.4 | 189.8 |
| Aditya Vision Ltd. | 627.1 | 8098.2 | 58.3 | 2 | 2.8 | 17 | 7.9 | 2681.5 | 18.3 | 116.9 | 10.8 | 10.8 | 29.2 |
| Electronics Mart India Ltd. | 192.6 | 7410.6 | 35.9 | 0.4 | 0.9 | 6.6 | 2.8 | 7191.4 | 3.1 | 107.1 | -33.1 | 5.4 | 88.8 |
| Ethos Ltd. | 2613.3 | 6992.6 | 67.3 | 5.5 | 4 | 6.4 | 4.3 | 1658.4 | 30 | 94.8 | -1.6 | 38.8 | 12.3 |
Annual
Balance Sheet
Ratios
Cash Flow
Luxury Time annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
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| Indicator | Graph | CAGR 3 Yrs | CAGR 5 Yrs | Mar '26 | Mar '25 | Mar '24 | Mar '23 | Mar '22 | Mar '21 | Mar '20 | Mar '19 |
|---|---|---|---|---|---|---|---|---|---|---|---|
5.7% | 17.5% | 54.2 | 53.5 | 41.4 | 45.9 | 36.7 | 24.2 | 21.9 | 33.2 | ||
Operating Exp. Ann. | 2.8% | 16.9% | 47.1 | 48 | 38.3 | 43.3 | 33.8 | 21.6 | 20.1 | 30.5 | |
Operating Profit Ann. | 58.7% | - | 6.8 | 3.7 | 2.7 | 1.7 | 2.3 | -0.7 | 1.4 | -0.2 | |
OPM Ann. % | 51.8% | - | 12.56% | 6.89% | 6.60% | 3.59% | 6.33% | -3.00% | 6.33% | -0.54% | |
2.8% | 16.7% | 47.4 | 48.3 | 38.7 | 43.6 | 34.3 | 21.9 | 20.4 | 30.9 | ||
EBITDA Ann. | 39.8% | 22.3% | 7.1 | 5.5 | 3.1 | 2.6 | 2.8 | 2.6 | 1.9 | 2.7 | |
EBITDA Ann. margin % | 31.6% | 3.8% | 13.10% | 10.31% | 7.44% | 5.75% | 7.69% | 10.89% | 8.51% | 8.15% | |
Interest Ann. | 0% | 14.9% | 0.2 | 0.2 | 0.3 | 0.2 | 0.3 | 0.1 | 0.2 | 0.2 | |
Depr. | 0% | -12.9% | 0.1 | 0 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | |
PBT Ann. | 44.2% | 24.6% | 6.9 | 5.3 | 2.7 | 2.3 | 2.4 | 2.3 | 1.5 | 2.3 | |
Tax Ann. | 38.7% | 18% | 1.6 | 1.5 | 0.7 | 0.6 | 0.7 | 0.7 | 0.4 | 0.6 | |
45.2% | 26.6% | 5.2 | 3.8 | 2 | 1.7 | 1.7 | 1.6 | 1.1 | 1.7 | ||
Net Profit Ann. | 48.8% | 28.5% | 5.6 | 3.4 | 2 | 1.7 | 1.7 | 1.6 | 1.1 | 1.7 | |
NPM Ann. % | 41.1% | 5.8% | 10.42% | 6.47% | 4.88% | 3.71% | 4.71% | 7.87% | 5.05% | 5.49% | |
EPS Adj. latest Ann. | 50.4% | 27.7% | 6.8 | 4.1 | 2.4 | 2 | 2.1 | 2 | 1.3 | 2 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
1.3%
2Y CAGR
14.4%
3Y CAGR
5.7%
5Y CAGR
17.5%
7Y CAGR
7.3%
Total Revenue Annual growth is lower than historical averages.
Net Profit Ann.
1Y CHG
64.7%
2Y CAGR
67.3%
3Y CAGR
48.8%
5Y CAGR
28.5%
7Y CAGR
18.6%
Net Profit Annual growth is higher than historical averages.
Operating Exp. Ann.
1Y CHG
-1.9%
2Y CAGR
10.9%
3Y CAGR
2.8%
5Y CAGR
16.9%
7Y CAGR
6.4%
Operating Expenses Annual Cr is falling faster than historical averages.
Luxury Time INFORMATION ON IPO ISSUE
About Luxury Time
Luxury Time was incorporated on August 1, 2018. The company distributes, markets, retails, and services Swiss luxury watches in India, while also supplying watch-service tools and equipment. Headquartered in New Delhi, it is supported by experienced professionals across luxury distribution, retail operations, servicing, and brand marketing
Object of the Issue
- Funding capital expenditure towards setting-up of 4 new retail stores
- Funding working capital requirements
- General corporate purposes
Luxury Time - PROMOTERS
| Name |
|---|
| Ashok Goel |
| Pawan Chohan |
Luxury Time - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Ashok Goel | Chairman & Managing Director |
| Pawan Chohan | Whole Time Director |
| Masha Goel | Non – Executive Director |
| Nanika Mangla | Independent Director |
| Varun Kumar | Independent Director |
Luxury Time Lead Manager to the issue
GYR Capital Advisors Private Limited
luxury.ipo@gyrcapitaladvisors.com
Luxury Time Registrar to the issue
MAS Services Limited
ipo@masserv.com
Luxury Time Strengths
Comprehensive after-sales service ecosystem
The company has built a strong after-sales service ecosystem supported by two company-owned service centers and 20+ authorized centers across India, ensuring wide coverage with consistent service quality. All centers use OEM-approved tools, follow standardized training and audits, and are backed by a centralized spare-parts system, enabling efficient repairs and high customer satisfaction
Strength
Wide retail & distribution network
The company has built a strong and expanding retail and distribution network with 70+ points of sale across major metro and Tier-1 cities, ensuring high brand visibility and premium customer access. Its presence in luxury malls, high streets, and select partner outlets—along with exclusive positioning and curated partnerships—strengthens brand equity and provides a clear competitive edge in the Indian luxury watch market
Strength
Collaborations with global luxury brands
The company holds exclusive distribution rights in India for several Swiss luxury watch brands, managing import, marketing, retail, and after-sales services while supporting brand positioning through PR and joint ventures for mono-brand boutiques. These long-term agreements, backed by territorial rights and strict brand standards, give the company a strong competitive edge and solidify its role as a trusted partner in India’s luxury watch market
Strength
Luxury Time Risks
Distribution rights
The company is the authorized distributor in India for Swiss luxury watch brands like TAG Heuer, Zenith, Bomberg, Exaequo, and precision tool brands such as Bergeon and Horotec, strengthening its market position. However, these distribution rights are not guaranteed, and any change by brand owners could increase competition and negatively affect the company’s business and financial performance
Risk
Regulatory risks
The company relies heavily on imports from Switzerland, and watches currently attract around 20% basic customs duty along with IGST and other levies. Any increase in these duties or new regulatory charges could significantly raise procurement costs, affect pricing and margins, and negatively impact the company’s financial performance
Risk
Employee misconduct or errors
The company faces risks from employee misconduct or errors, which may be difficult to detect and could lead to financial losses, legal issues, or reputational harm. While no such incidents have affected the company in the past, any future occurrence could negatively impact its operations and performance
Risk
IPO FAQs
This IPO consists of an offer for sale of up to Rs 3.7 crore, of 456,000 shares. It also consists of a fresh issue of Rs 15.0 crore.
The promoters of the company are Ashok Goel and Pawan Chohan.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 78.0 - 82.0.
The IPO application opens on Dec 04, 2025 and closes on Dec 08, 2025.
The minimum lot size for the IPO is 3200. The maximum lot size for the IPO is 3200.
For all category investors, the minimum application amount for this IPO is Rs. 249,600.0, the maximum value for this IPO is Rs 262,400.0.
This IPO will be allotted on Dec 09, 2025.
The refund will be credited to your account on Dec 10, 2025.
The allotted shares will be credited to your demat on Dec 10, 2025.
Luxury Time Ltd.’s shares listed on the stock exchanges on Dec 11, 2025.