IPO Issue Details
Issue Price / Price Band₹40 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size60,00,000 shares (aggregating up to ₹24.00 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenWed, 28 Sep 2022
Subscription CloseFri, 30 Sep 2022
Anchor AllotmentTue, 27 Sep 2022
Basis of AllotmentThu, 06 Oct 2022
Initiation of RefundsFri, 07 Oct 2022
Credit of Shares to DematMon, 10 Oct 2022
Listing DateTue, 11 Oct 2022
UPI Mandate Deadline2022-09-30
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 3,000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 6,000 shares
Net Offer to Public57,00,000 shares (aggregating up to ₹22.80 Cr)
Reserved for Market Maker3,00,000 shares (aggregating up to ₹1.20 Cr)
Pre-IPO Promoter Holding1,65,00,000 shares
Post-IPO Promoter Holding2,25,00,000 shares
About Lloyds Luxuries Ltd.
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
Lloyds Luxuries Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Financing the expenditure for opening new stores
5.44
2
2 Repayment of short term borrowings
9.02
3
3 To meet Working Capital requirements
4.50
4
4 General Corporate Purpose
3.18
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,65,00,000 shares
Post-IPO Promoter Holding
2,25,00,000 shares