Lloyds Luxuries Limited IPO Detail
Established in 2013, Lloyds Luxuries Limited is among the organized player of salon services and beauty products in India, focused on grooming men to perfection. The company owns the exclusive franchisee of Truefitt & Hill, which is an international brand offering a wide range of beauty products and salon services for men through luxury barbershops operating across many countries.
As of March 31, 2022, Lloyds Luxuries Limited operates 14 barber stores under the brand Truefitt & Hill across 7 cities in India. The Company holds the Master Franchise Agreement of "Truefitt & Hill" up to 2043. The company owns exclusive rights to open stores under the brand name of "Truefitt & Hill" either directly or through sub-franchisee arrangements in India, Nepal, Sri Lanka, Bhutan, Vietnam, Myanmar and Bangladesh. As of March 31, 2022.
In addition, the company has obtained an exclusive franchise for MARY COHR in 2019 for 10 years, a French Beauty Salon which has a presence across the Globe.
Competitive Strengths:
- Use of the established Brand name.
- Wide Experience of our Promoter and strong management team.
- Online Business E-commerce and Omni-channel.
- Prime Location of the salon.
- System Driven Approach.
Company Promoters
Mr. Shree Krishna Mukesh Gupta and Plutus Trade & Commodities LLPIPO Details
| IPO Opening Date | Sep 28, 2022 |
| IPO Closing Date | Sep 30, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹40 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹24.00 Cr |
| Fresh Issue | ₹24.00 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 11.64x | 1.81x | 6.73x |
IPO Tentative Timetable
The Lloyds Luxuries Limited IPO open date is Sep 28, 2022, and the close date is Sep 30, 2022. The issue may list on Oct 11, 2022.
| IPO Open Date | Sep 28, 2022 |
| IPO Close Date | Sep 30, 2022 |
| Basis of Allotment Date | Oct 06, 2022 |
| Initiation of Refunds | Oct 07, 2022 |
| Credit of Shares to Demat Account | Oct 10, 2022 |
| IPO Listing Date | Oct 11, 2022 |
IPO Lot Size
The Lloyds Luxuries Limited IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹120000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹120000 |
| Maximum | 1 | 3000 | ₹120000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.33% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 2561.49 | 2801.63 | -323.8 |
| 31-Mar-21 | 2524.96 | 1855.58 | -303.07 |
| 31-Mar-22 | 2645.1 | 2086.05 | -916.78 |
Objects of the Issue:
The company intend to utilize the proceeds of the Issue to meet the following objects:-
1. Financing the expenditure for opening new stores
2. To repay of short term borrowings
3. To meet Working Capital requirements
4. General Corporate Purpose
5. To meet issue expenses
Lloyds Luxuries Limited IPO Registrar:
Bigshare Services Pvt Ltd
Lloyds Luxuries Limited IPO Lead Manager(s):
Hem Securities Limited
Company Contact Information:
Lloyds Luxuries Limited
Trade World, 'C' Wing,
16th Floor, Kamala City, Senapati Bapat Marg
Lower Parel (W), Mumbai 400013
