Archive · 26 Jun 2025
Timex Group OFS Opens for Retail, Offer Size Doubled
Timex Group India's parent company is selling some of its shares to the public.
This is called an offer-for-sale (OFS).
The company decided to sell more shares than originally planned.
Retail investors, like you and me, can now buy these shares.
The price of the shares is lower than what they were recently trading for.
The parent company originally held a large portion of the company, but is selling a portion to the public.
The company makes and sells watches, including the Timex brand, as well as many other fashion watch brands.
The company had significant revenue in the recent financial year.
Timex Group India's promoter, Timex Group Luxury Watches BV, opened an offer-for-sale (OFS) for retail investors.
The OFS size increased to 15,142,500 shares (15% of equity) due to the exercise of an oversubscription option.
The floor price for the shares is set at Rs 175, a 30.28% discount to the previous closing price.
Non-retail investors subscribed to the OFS 5.72 times.
The company reported Rs 538.10 crore in revenue for FY25, with brands including Timex, Helix, and global luxury brands.
- Who
- Timex Group Luxury Watches BV (promoter) offering shares to retail and non-retail investors.
- What
- Offer-for-sale of Timex Group India shares.
- When
- The retail portion of the OFS opened today.
- Where
- India, on the BSE and NSE platforms.
- Why
- To sell shares of Timex Group India
Investor Perspective
Company Perspective
Valuation
Investor Perspective
Investors may view the discounted price as an opportunity to purchase shares at a lower cost.
Company Perspective
Investors may worry if the discount is due to underlying issues within the company, warranting further due diligence.
- OFS Size
- 15,142,500 shares
- Discount to closing price
- 30.28%
- Floor Price
- Rs 175 per share
- Revenue FY25
- Rs 538.10 crore
- Promoter Stake (March 2025)
- 74.93%