The stock of Timex Group closed at ₹340.80 against the floor price of ₹275 and an indicative price of ₹324.08
The offer-for-sale by Timex Group Luxury Watches BV, Netherlands, promoter of Timex Group Company, has received a strong response both from institutional and retail investors.
Under the OFS, the promoter had proposed to sell up to 45.09 lakh equity shares of Timex Group India Ltd (base size), representing 4.47 per cent of the total issued and paid-up equity share capital, and another 45.09 lakh equity shares through the green shoe option, in case of oversubscription.
After seeing the response on Day 1 for the OFS that was opened for institutions on Monday, the promoter had decided to exercise the green shoe option to retain the oversubscription. The decision doubles the total offering size to 90.19 lakh equity shares, representing 8.93 per cent of the company’s total issued and paid-up equity share capital of Timex Group.
While the QIB portion was subscribed over 4 times that of retail investors received 100 per cent (or one time).
The OFS was conducted on December 29 for non-retail investors and on December 30 for retail investors and non-retail investors carrying forward unallotted bids.
Following the stake sale, the promoter holding will come down to 51 per cent from 59.93 per cent.
The stock of Timex Group closed at ₹340.80 against the floor price of ₹275 and an indicative price of ₹324.08.
Published on December 30, 2025
