Fixed Price IPO | ₹24 Cr | Listed at NSE SME | Wed, Sep 28, 2022 - Fri, Sep 30, 2022
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Sep 28, 2022
IPO Close
Fri, Sep 30, 2022
Issue Price
₹40 per share
Market Cap (Pre-IPO)
₹90.00 Cr
| IPO Date | 28 to 30 Sep, 2022 |
| Listed on | Tue, Oct 11, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 60,00,000 shares (agg. up to ₹24 Cr) |
| Reserved for Market Maker | 3,00,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 57,00,000 shares (agg. up to ₹23 Cr) |
| Net Offered to Public | 57,00,000 shares (agg. up to ₹23 Cr) |
| Share Holding Pre Issue | 1,65,00,000 shares |
| Share Holding Post Issue | 2,25,00,000 shares |
| NSE Symbol | LLOYDS |
| ISIN | INE0DTQ01028 |
Lloyds Luxuries IPO comprises a total issue size of 60,00,000 shares. The net offer to the public is 57,00,000 shares, after excluding 3,00,000 shares allotted on a firm basis. Of the Net offer 28,50,000 (50.00%) allocated to NII 28,50,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 28,50,000 | 50.00% | 47.50% |
| Retail Shares Offered | 28,50,000 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,00,000 | 5.00% | |
| Total Shares Offered | 60,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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 |
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 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|
| Assets | 26.45 | 25.25 | 25.61 |
| Total Income | 20.86 | 18.56 | 28.02 |
| Profit After Tax | -9.17 | -3.03 | -3.24 |
| NET Worth | 13.51 | -12.32 | -9.29 |
| Reserves and Surplus | -2.99 | -37.32 | -34.29 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Financing the expenditure for opening new stores | 5.44 |
| 2 | Repayment of short term borrowings | 9.02 |
| 3 | To meet Working Capital requirements | 4.50 |
| 4 | General Corporate Purpose | 3.18 |
| KPI | Mar 31, 2022 |
|---|---|
| ROE | -1543.27 |
| ROCE | -61.30 |
| Debt/Equity | 0.96 |
| RoNW | -67.86 |
| PAT Margin | -44.38% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | -35.54 | |
| Promoter Holding | 100% | 73.33% |
| Market Cap | ₹90.00 Cr. |
The Lloyds Luxuries IPO is subscribed 6.73 times on September 30, 2022 7:00:00 PM (Day 3). The public issue subscribed 1.81 times in the retail category, [.] times in the QIB category, and 11.64 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 11.64 | 28,50,000 | 3,31,77,000 |
| Retail | 1.81 | 28,50,000 | 51,60,000 |
| Total | 6.73 | 57,00,000 | 3,83,37,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees | 0.25 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.02 |
| 4 | Fees Payable to Regulators including Stock Exchange | 0.03 |
| 5 | Payment for Printing & Stationery, Postage, etc | 0.02 |
| 6 | Fees Payable to Auditor, Legal Advisors and other Professionals | 0.03 |
| 7 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, Processing Fees*, Underwriting fees and Miscellaneous Expenses) | 1.50 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹45.15 |
| Low | ₹42.90 |
| High | ₹46.80 |
| Last Trade | ₹42.90 |
Lead Manager Reports
Lloyds Luxuries IPO is a SME IPO of 60,00,000 equity shares of the face value of ₹10 aggregating up to ₹24 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on Wed, Sep 28, 2022, and closes on Fri, Sep 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 Wed, Sep 28, 2022 and closes on Fri, Sep 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 Mon, Oct 10, 2022. Check the Lloyds Luxuries IPO allotment status.
The Lloyds Luxuries IPO listing date is on Tue, Oct 11, 2022.
