Lloyds Luxuries IPO will open for subscription from 28 September 2022. the company aims for an issue size of ₹24.00 Cr through this IPO.
Lloyds Luxuries Limited
The company is into salon services and beauty products in India, focused on grooming men to perfection. It owns the exclusive franchisee of Truefitt & Hill, which is an international brand offering a wide range of beauty products and salon services for men. Lloyds Luxuries began its relationship with Truefitt & Hill in 2013 and has subsequently expanded its operations to 14 barber stores under the brand as of 31 March 2022. The company holds the Master Franchise Agreement of Truefitt & Hill up to 2043 which gives it exclusive rights to open stores in the brand name of “Truefitt & Hill” either directly or through sub franchisee arrangements in India, Nepal, Sri Lanka, Bhutan, Vietnam, Myanmar, and Bangladesh.
In addition, the company has obtained an exclusive franchise for MARY COHR in 2019 for 10 years, a French Beauty Salon. Under the exclusive master franchise agreement, it owns exclusive rights to open stores in the brand name of “MARY COHR” either directly or through sub franchisee arrangements in India.
Its retail operations in respect of men grooming products are carried out through owned stores, sub-franchisees as well as online channels. As of 31 March 2022, it sells men grooming products through 27 stores, of which 14 are run by us directly and 13 through sub-franchisee.
Basic details about the company
| Full name | Lloyds Luxuries Limited |
| Sector | Beauty and wellness |
| Industry | Beauty and wellness |
| Company Website | https://www.lloydsluxuries.in/ |
Major Competitive Strengths
- Use of the established Brand name.
- Wide Experience of our Promoter and strong management team.
- Online Business E-commerce and Omni-channel.
- Prime Location of the salon.
- System Driven Approach.
Objects of the Issue
- For repaying short-term borrowings.
- To meet issue expenses.
- For the financing of newly opening stores
- For Working Capital requirements.
- General Corporate Purpose.
Dates to remember
| IPO Opening date | 28 September 2022 |
| IPO Closing | 30 September 2022 |
| Basis of Allotment | 06 October 2022 |
| Initiation Refunds | 07 October 2022 |
| Credit to Demat Account | 10 October 2022 |
| Listing Date | 11 October 2022 |
Lloyds Luxuries IPO Details
| Lloyds Luxuries IPO Date | Sep 28, 2022 to Sep 30, 2022 |
| Lloyds Luxuries IPO Face Value | ₹10 per share |
| Lloyds Luxuries IPO Price | ₹40 per share |
| Lot Size | 3000 Shares |
| Issue Size | 6,000,000 shares of ₹10 (aggregating up to ₹24.00 Cr) |
| Fresh Issue | 6,000,000 shares of ₹10 (aggregating up to ₹24.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Lloyds Luxuries IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹120,000 |
| Retail (Max) | 1 | 3000 | ₹120,000 |
Lloyds Luxuries IPO Reservation Details
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
Lloyds Luxuries Financial Performance
| FY 2020 | FY 2021 | FY 2022 | |
| Revenue | 2,751.23 | 1,813.02 | 2,065.62 |
| Expenses | 3,152.53 | 2,170.54 | 3,026.51 |
| Net income | (323.80) | (303.07) | (916.78) |
Lloyds Luxuries Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | (16.19) | (15.15) | (35.54) |
| PE ratio | – | – | – |
| RONW (%) | – | – | (67.86) |
| NAV | – | – | 8.19 |
| Debt/Equity ratio | – | – | 0.96 |
| ROCE (%) | 22.88 | 12.45 | (61.30) |
Company Promoters
- Mr. Shree Krishna Mukesh Gupta
- Plutus Trade & Commodities LLP
Lloyds Luxuries IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.33% |
Lead Manager(s)
- Hem Securities Limited
Lloyds Luxuries IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6 – 2, 6th Floor,
Pinnacle Business Park, Next to Ahura Centre,
Mahakali Cave Road, Andheri (East),
Mumbai – 400093, Maharashtra
Phone: 22 6263 8200
E-mail: ipo@bigshareonline.com
Website: www.bigshareonline.com
Lloyds Luxuries Contact Details
LLOYDS LUXURIES LIMITED
B2, Unit No. 3, 2nd Floor,
Madhu Estate, Pandurang Budhkar Marg,
Lower Parel, Mumbai 400013
Phone: +91 022-68238888
E-mail: cs@lloydsluxuries.in
Website: www.lloydsluxuries.in
Lloyds Luxuries IPO Allotment Status
Lloyds Luxuries IPO allotment will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Lloyds Luxuries IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
