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Lloyds Luxuries IPO is a fixed price issue of ₹24.00 crores. The issue is entirely a fresh issue of 0.60 crore shares of ₹24.00 crore.
Lloyds Luxuries IPO bidding started from Sep 28, 2022 and ended on Sep 30, 2022. The allotment for Lloyds Luxuries IPO was finalized on Oct 6, 2022. The shares got listed on NSE SME on Oct 11, 2022.
Lloyds Luxuries IPO price is ₹40.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,40,000.
Hem Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Finlease Pvt.Ltd..
Refer to Lloyds Luxuries IPO RHP for detailed Information.
| IPO Date | September 28, 2022 to September 30, 2022 |
| Listing Date | October 11, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 60,00,000 shares (aggregating up to ₹24.00 Cr) |
| Reserved for Market Maker | 3,00,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹1.20 Cr) |
| Net Offered to Public | 57,00,000 shares (aggregating up to ₹22.80 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,65,00,000 shares |
| Share Holding Post Issue | 2,25,00,000 shares |
Lloyds Luxuries IPO offers total 60,00,000 shares. Out of which 28,50,000 (47.50%) allocated to NII, 28,50,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,00,000 (5.00%) |
| NII (HNI) Shares Offered | 28,50,000 (47.50%) |
| Retail Shares Offered | 28,50,000 (47.50%) |
| Total Shares Offered | 60,00,000 (100.00%) |
Lloyds Luxuries IPO opens on September 28, 2022, and closes on September 30, 2022.
| IPO Open Date | Wed, Sep 28, 2022 |
| IPO Close Date | Fri, Sep 30, 2022 |
| Tentative Allotment | Thu, Oct 6, 2022 |
| Initiation of Refunds | Fri, Oct 7, 2022 |
| Credit of Shares to Demat | Mon, Oct 10, 2022 |
| Tentative Listing Date | Tue, Oct 11, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Sep 30, 2022 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,20,000 |
| Retail (Max) | 1 | 3,000 | ₹1,20,000 |
| HNI (Min) | 2 | 6,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 2561.49 | 2801.63 | -323.8 | -929.13 | -3429.13 |
| 31-Mar-21 | 2524.96 | 1855.58 | -303.07 | -1232.21 | -3732.21 |
| 31-Mar-22 | 2645.1 | 2086.05 | -916.78 | 1351.02 | -298.98 |
| Amount in ₹ Lakhs | |||||
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
[Dilip Davda] The company operates in a highly competitive and fragmented segment of men’s beautification. It has been posting losses and hence the issue is at a negative P/E with some carried forward losses. Simply avoid this IPO from a loss-making company. Read detail review...
| Listing Date | October 11, 2022 |
| BSE Script Code | |
| NSE Symbol | LLOYDS |
| ISIN | INE0DTQ01028 |
| Final Issue Price | ₹40 per share |
| BSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹45.15 |
| Low | ₹42.90 |
| High | ₹46.80 |
| Last Trade | ₹42.90 |
Lloyds Luxuries Ltd.
Trade World, 'C' Wing,
16th Floor, Kamala City, Senapati Bapat Marg
Lower Parel (W),
Mumbai, Maharashtra, 400013
Phone: +91-022-68238888
Email: cs@lloydsluxuries.in
Website: http://www.lloydsluxuries.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Lloyds Luxuries IPO is a SME IPO of 60,00,000 equity shares of the face value of ₹10 aggregating up to ₹24.00 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on September 28, 2022, and closes on September 30, 2022.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Lloyds Luxuries IPO using UPI as a payment gateway. Zerodha customers can apply in Lloyds Luxuries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Lloyds Luxuries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Lloyds Luxuries IPO opens on September 28, 2022 and closes on September 30, 2022.
Lloyds Luxuries IPO lot size is 3000, and the minimum amount required for application is ₹1,20,000.
You can apply in Lloyds Luxuries IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Lloyds Luxuries IPO will be done on Thursday, October 6, 2022, and the allotted shares will be credited to your demat account by Monday, October 10, 2022. Check the Lloyds Luxuries IPO allotment status.
The Lloyds Luxuries IPO listing date is on Tuesday, October 11, 2022.
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