Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, we hereby inform you that the Company has received a copy of Revised Notice of Offer for Sale(OFS) from its Promoters i.e. ....
TIMEX · price
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Timex Group India Limited's promoter, Timex Group Luxury Watches B.V. (Netherlands), is selling up to 7,571,250 equity shares (7.50% of paid-up capital) via an Offer for Sale on BSE through the stock exchange mechanism. The promoter retains an oversubscription option to sell an additional 7,571,250 shares (another 7.50%), taking the total potential offer size to 15.00% of paid-up capital. The floor price is fixed at ₹175 per share. The OFS will open on June 25, 2025 for non-retail investors and June 26, 2025 for retail investors, with Kotak Securities acting as the seller's broker. Retail investors (capped at ₹2 lakh per bidder) get a 10% reservation, and the promoter/promoter group is barred from bidding in the OFS.
This is a promoter stake sale, which typically adds short-term share supply and can put pressure on the stock price, especially if bidding is tepid. The ₹175 floor price sets a reference point for investors; the market price relative to this floor will determine demand. Existing shareholders may see promoter holding reduce, though Timex Group Luxury Watches B.V. continues as the controlling promoter.