Timex Group Luxury Watches B V (the "Promoter" or "Seller") is the promoter of Timex Group India Ltd (the "Company") proposes to sell up to 4,509,250 Equity Shares of face value of Rs. ....
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Timex Group India Limited's promoter, Timex Group Luxury Watches B V (a Netherlands entity), proposes to sell up to 4,509,250 equity shares (4.47% of paid-up capital) through the BSE OFS window, with the floor price fixed at Rs. 275 per share. The promoter also retains an oversubscription option for an additional equal amount, potentially taking the total sale up to 8.93% of the company's capital. The offer opens on December 29, 2025 for non-retail investors and December 30, 2025 for retail investors, with Kotak Securities acting as the seller's broker. No retail discount has been offered. Allocation will follow price priority in the non-retail category and a proportionate basis for retail bidders, with mutual funds and insurance companies guaranteed at least 25% of the offer shares.
This is a promoter stake sale, which will increase the float of shares available in the market and may create short-term supply pressure on the stock. The Rs. 275 floor price acts as a benchmark, and investors should weigh whether the offer price is attractive versus prevailing market levels before bidding.