Luxury Time Ltd - IPO

Luxury Time Ltd IPO Details

Initial public offering up to 22,84,800 equity shares of Rs.10/- each (Equity Shares) of Luxury Time Limited (LTL or the Company) for cash at a price of Rs. 82 /- per equity share (the Offer Price), aggregating to Rs. 18.74 Crore (The Offer), comprising a fresh offer of up to 18,28,800 equity shares aggregating to Rs. 15.00 Crore by the company (Fresh Offer) and an offer for sale of up to 4,56,000 equity shares by Mr. Ashok Goel and Mr. Pawan Chohan (The Promoter Selling Shareholders) aggregating to Rs. 3.74 Crore (Offer For Sale). Out of the offer, up to 2,14,400 equity shares aggregating to Rs. 1.76 Crore will be reserved for subscription by market maker (Market Maker Reservation Portion). The offer less the market maker reservation portion i.e. offer of up to 20,70,400 equity shares of face value of Rs. 10.00/- each at an offer price of Rs. 82 /- per equity share aggregating to Rs.16.98 Crore is hereinafter referred to as the Net Offer. The offer and the net offer will constitute 27.68% and 25.08%, respectively of the post offer paid up equity share capital of the company.

Objective of issue

Funding capital expenditure towards setting-up of 04 New Retail Stores. Funding working capital requirements of our company. General Corporate Purpose.

Luxury Time Ltd Contact Details

Luxury Time Ltd, T-34 2nd Floor, Okhla Industria Area, Phase-II, New Delhi-110020

Phone - 91-011-26387281/82/83

Fax - 91-011-26387384

Email - info@luxurytimeindia.com

Website - www.luxurytimeindia.com