Luxury Time IPO GMP Hits 91% on Day 2: Retail Surge in Watch Retail – SME Gem for Dec 11?
Luxury Time, the premium watch and accessory retailer, is off to a sizzling start in its SME IPO! Day 2 (Dec 5) sees Luxury Time IPO GMP at ₹75 (up from ₹50), estimating ₹157 listing price – 91% premium over ₹82 band. Subscription strong with retail/NII demand; closes Dec 8, lists Dec 11 on BSE SME.
Day 2 Buzz Drivers
- Retail/NII firepower: Day 1 sailed through; total eyeing 100x+.
- GMP momentum: 61% to 91% jump – luxury consumer rebound post-festive.
- Issue mix: ₹15 Cr fresh + ₹3.74 Cr OFS for outlets/working capital.
- Lot size: 1,600 shares (₹131K min) – HNI favorite.
GMP & Projection Table
| Issue Price (Upper Band) | ₹82 |
|---|---|
| Current GMP | ₹75 |
| Estimated Listing Price | ₹157 |
| Potential Gain | 91% |
Worth the Bid?
Yes for luxury retail plays (sector up 15% YTD). Watch for valuation risks in SME. Potential 70%+ pop on listing.
Verdict: Day 2 heat says yes – a stylish multibagger contender!
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