Lloyds Luxuries IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the Lloyds Luxuries IPO release date, IPO offer price, subscription, Lloyds Luxuries Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs. 40 |
| Listing At | NSE SME |
| Min. Order Quantity | 3000 shares |
| Listing Date | Oct 11, 2022 |
| Offer for Sale | – |
| Fresh Issue | Rs. 2400 Lakh |
| IPO Size | Rs. 2400 Lakh |
| Tick Size | 1 |
Lloyds Luxuries IPO is listed at a Rs. 30 premium. Check out the live share price by clicking on the below link.
Lloyds Luxuries IPO – Summary
Lloyds Luxuries Limited was originally incorporated as a private limited company in the name of “Lloyds Luxuries Private Limited” on October 21, 2013 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Maharashtra, Mumbai.
Incorporated in 2013, they are amongst the organized player of salon services and beauty products in India, focused on grooming men to perfection.
They own exclusive franchisee of Truefitt & Hill, which is an international brand offering a wide range of beauty products and salon services for men through the luxury barbershops operating across many countries.
The brand is exclusively owned by Truefitt & Hill (Gentlemen’s Grooming) Limited, a company registered under the law of England and Wales and having its office in London, United Kingdom.
The Promoter of this company is Mr. Shree Krishna Mukesh Gupta and Plutus Trade & Commodities LLP. The lead manager to the issue is HEM SECURITIES LIMITED, and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED .
Lloyds Luxuries IPO Date
The opening of Lloyds Luxuries IPO will be on Sep 28, 2022 and the closing date Sep 30, 2022.
Lloyds Luxuries IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 28th Sept | 2.53x | 0.08x | 1.31x |
| 2nd Day – 29th Sept | 5.30x | 0.26x | 2.78x |
| 3rd Day – 30th Sept | 11.64x | 1.81x | 6.73x |
| Shares Offered or Net Issue | 2,850,000 | 2,850,000 | 5,700,000 |
The shares subscribed by the public will be updated here.
Lloyds Luxuries IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Lloyds Luxuries Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Oct 6, 2022 |
| Refunds Initiation | Oct 7, 2022 |
| Credit of Shares to Demat Account | Oct 10, 2022 |
| Share Listing Date | Oct 11, 2022 |
Lloyds Luxuries IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.40.
Lloyds Luxuries IPO Equity Size
This Initial Public Issue of 60,00,000 Equity Shares of Rs.10 each for cash at a price of Rs.40 per equity share aggregating to Rs.2400 Lakh.
Lloyds Luxuries IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 60,00,000 Equity Shares of Rs.10. each.
Issue Size: 60,00,000 Equity Shares of Rs.10 each, aggregating to Rs. 2400 Lakh.
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Lloyds Luxuries IPO – Live Performance
The listing date of this IPO is Sep 5, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Lloyds Luxuries Share Price |
Lloyds Luxuries IPO Grey Market Premium
The Lloyds Luxuries Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Lloyds Luxuries IPO – Company Overview
They began their relationship with Truefitt & Hill in 2013, when they commenced operations of their luxury barber store in Mumbai. They have subsequently continued to expand their operations and as of March 31, 2022, they operate 14 barber stores under the brand Truefitt & Hill across 7 cities in India.
The Company holds the Master Franchise Agreement of “Truefitt & Hill” upto 2043.
Under the franchise agreement, they own exclusive rights to open stores in the brand name of “Truefitt & Hill” either directly or through sub franchisee arrangements in India, Nepal, Sri Lanka, Bhutan, Vietnam, Myanmar and Bangladesh.
In 2017, they were successful in expanding their reach internationally through opening of first barber store in Dhaka, Bangladesh as sub-franchisee store.
They provide sub-franchise with a comprehensive system of business training, stylist education, professional marketing, promotion, and advertising programs, and other forms of on-going support designed to help franchisees build successful businesses.
Lloyds Luxuries IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |||
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Total Assets | 2645.1 | 2524.96 | 2561.49 |
| *Total Revenue | 2086.05 | 1855.58 | 2801.63 |
| Total Expense | 3,026.51 | 2,170.54 | 3,152.53 |
| Profit After Tax | -916.78 | -303.07 | -323.8 |
Earnings per Equity Share (in Lakh)
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Basic & Diluted | (35.54) | (15.15) | (16.19) |
Further, their PAT for the period ended on 31-Mar-22, 31-Mar-21, and 31-Mar-20 were Rs. 916.78 Lakh, Rs.-303.07 Lakh, and Rs. -323.8 Lakh, respectively.
Lloyds Luxuries IPO – Promoters
The Promoter of this company is:
- Mr. Shree Krishna Mukesh Gupta
- Plutus Trade & Commodities LLP
List of Related Parties (Key Managerial Personnel)
- Mr. Prannay Dokkania, Managing Director
- Mr. Shree Krishna Mukesh Gupta, Chairman & Non-Executive Director
- Mrs. Vandini Gupta, Non-Executive Director
- Mr. Kabir Malhotra, Independent Director
- Mr. Aashay Amish Choksi, Independent Director
- Sushant Janardan Mishra, Chief Financial Officer
- Ms. Shubhada Mahendra Shirke, Company Secretary and Compliance Officer
Lloyds Luxuries IPO – Promoters Holding
- Pre Issue Share Holding -100%
- Post Issue Share Holding -73.33%
Lloyds Luxuries IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 60,00,000 Equity Shares aggregating up to Rs. 2400 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 3,00,000 Equity Shares aggregating up to Rs.120 Lakh |
| Net Issue to the Public | Up to 57,00,000 Equity Shares aggregating up to Rs. 2280 Lakh |
| Of which: | |
| Retail Investors Portion | 28,50,000 Not less than 50% |
| Other than Retail Individual Investors | 28,50,000 Not more than 50% |
| Equity Shares outstanding prior to the Issue | 1,65,00,000 Equity Shares |
| Equity Shares outstanding after the Issue | 2,25,00,000 Equity Shares |
Lloyds Luxuries IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding 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 IPO – Business Strategy
- Use of the established Brand name.
- Wide Experience of their Promoter and strong management team.
- Online Business E-commerce and Omni-channel.
- Prime Location of the salon.
- System Driven Approach.
Lloyds Luxuries IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Use of the established Brand name
- Wide Experience of their Promoter and strong management team
- Online Business E-commerce and Omni-channel
- Prime Location of the salon
- System Driven Approach
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar -22 | (35.54) | (67.86%) | 8.19 |
| 31-Mar-21 | (15.15) | – | – |
| 31-Mar-20 | (16.19) | – | – |
Lloyds Luxuries IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Lloyds Luxuries Limited | 10 | – | (25.52) | (67.86%) | 2086.05 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Lloyds Luxuries IPO Lead Managers
| Lead Managers |
| HEM SECURITIES LIMITED 904,A Wing, Naman Midtown, Senapati Bapat Marg, Elphinstone Road, Lower Parel, Mumbai-400013, India; Tel. No.: +91- 022- 49060000; Email: ib@hemsecurities.com Investor Grievance Email: redressal@hemsecurities.com Website: www.hemsecurities.com Contact Person :Mr. Ajay Jain SEBI Registration No.: INM000010981 |
Lloyds Luxuries IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Office No. S6-2, 6th Floor, Pinnacle Business Park, Mahakali Caves Road, Next to Ahura Centre. Andheri (East), Mumbai – 400 093Tel. No.: +91 22 6263 8200 Email:ipo@bigshareonline.com Website:www.bigshareonline.com Investor Grievance Email:investor@bigshareonline.com Contact Person: Babu Rapheal SEBI Registration No.: INR000001385 |
Lloyds Luxuries IPO – Other Details
- Statutory Auditor – M/s. S. Y. Lodha and Associates Chartered Accountants,
- Legal Counsel to the Company – MMJB & Associates LLP
- Bankers to the Company –ICICI Bank Ltd
Lloyds Luxuries IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Lloyds Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Lloyds Luxuries IPO Review FAQs
Check out various FAQs related to Lloyds Luxuries IPO:
What is the Issue Size of Lloyds Luxuries IPO?
The Company is making an initial public offer of 60,00,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.
What is the Price band of Lloyds Luxuries IPO?
The price band for this particular IPO ranges between Rs.40. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Lloyds Luxuries IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Sep 28, 2022, while the closing date is set at Sep 30, 2022.
What is the Lloyds Luxuries IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Oct 6, 2022, refund initiation is on Oct 7, 2022, credit of shares is on Oct 10, 2022, and share listing date is on Oct 11, 2022.
What is the Lloyds Luxuries IPO Listing Date?
Shares of this company shall be listed in the exchanges Oct 11, 2022. The date, when the listing would be done, is stagnant on Oct 11, 2022.
Who is the Registrar of Lloyds Luxuries IPO?
One of the reputed registrars is managing the issue of this IPO, BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Lloyds Luxuries IPO?
Here are the promoters of this IPO – Mr. Shree Krishna Mukesh Gupta and Plutus Trade & Commodities LLP. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is GMP of Lloyds Luxuries IPO?
They have obtained the GMP of this IPO and it is Rs. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Lloyds Luxuries IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Lloyds Luxuries Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the period ended on 31-Mar-22, 31-Mar-21, and 31-Mar-20 were Rs. 916.78 Lakh, Rs.-303.07 Lakh, and Rs. -323.8 Lakh, respectively.
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