Lloyds Luxuries IPO: GMP, Price, Dates, Issue Size

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Lloyds Luxuries IPO 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 True Fitt & 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. 

Lloyds Luxuries IPO– Overview    

IPO Dates  28-30 sept 2022. 
IPO Price  INR 40 per share  
Fresh issue  6000,000 shares (INR 21.15 crore)  
Offer For Sale  Nil 
Total IPO size  6000,000 shares (INR 21.15 crore)  
Minimum bid (lot size)  3000 shares 
Face Value   INR 10 per share  
Retail Allocation  50%  
Listing On  NSE Emerge 
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Lloyds Luxuries IPO -Tentative Dates           

IPO Offer Opening Date  28 September 2022 
IPO Closing Date  30 September 2022  
Finalisation of Basis of Allotment  6 October 2022  
Initiation of refunds  7 October 2022  
Transfer of shares to demat accounts  10 October 2022  
IPO Listing Date  11 October 2022 
Opening Price on NSE SME  Coming soon  
Closing Price on NSE SME  Coming soon 

Company Overview    

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. 

Objects of the Issue 

  • Financing the expenditure for opening new stores 
  • To repay of short-term borrowings 
  • To meet Working Capital requirements 
  • General Corporate Purpose 
  • To meet issue expenses. 

Company Financials

Particulars          31-March-22 31-June-21 31-Mar-20 
Total Assets          2645.1 2524.96 2561.49 
Total Revenue          2086.05 1855.58 2801.63 
Profit After Tax          -916.78 -303.07 -323.8 

Company Contact Information 

Lloyds Luxuries Limited 
Trade World, ‘C’ Wing, 
16th Floor, Kamala City, Senapati Bapat Marg 
Lower Parel (W), Mumbai 400013 
Phone: +91-022-68238888 
Email: cs@lloydsluxuries.in 
Website: http://www.lloydsluxuries.in/ 

Registrar 

Bigshare Services Pvt Ltd 
 
Phone: +91-22-6263 8200 
Email: ipo@bigshareonline.com 
Website: http://www.bigshareonline.com 

Lead Manager(s) 

  1. Hem Securities Limited (Past IPO Performance) 

Lead Manager Reports 

  • IPO Lead Manager Performance Summary 
  • IPO Lead Manager Performance Tracker 

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