Established in 2013, Lloyds Luxuries Limited is among the organized player of salon services and beauty products in India, focused on grooming men to perfection. The company owns the exclusive franchisee of Truefitt & Hill, which is an international brand offering a wide range of beauty products and salon services for men through luxury barbershops operating across many countries.
As of March 31, 2022, Lloyds Luxuries Limited operates 14 barber stores under the brand Truefitt & Hill across 7 cities in India. The Company holds the Master Franchise Agreement of “Truefitt & Hill” up to 2043. The company owns exclusive rights to open stores under the brand name of “Truefitt & Hill” either directly or through sub-franchisee arrangements in India, Nepal, Sri Lanka, Bhutan, Vietnam, Myanmar and Bangladesh. As of March 31, 2022.
In addition, the company has obtained an exclusive franchise for MARY COHR in 2019 for 10 years, a French Beauty Salon which has a presence across the Globe.
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.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 2561.49 | 2801.63 | -323.8 | -929.13 | -3429.13 |
| 31-Mar-21 | 2524.96 | 1855.58 | -303.07 | -1232.21 | -3732.21 |
| 31-Mar-22 | 2645.1 | 2086.05 | -916.78 | 1351.02 | -298.98 |
| Amount in ₹ Lakhs |
Objects of the Issue
The company intend to utilize the proceeds of the Issue to meet the following objects:-
1. Financing the expenditure for opening new stores
2. To repay of short term borrowings
3. To meet Working Capital requirements
4. General Corporate Purpose
5. To meet issue expenses
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 |
| Lloyds Luxuries IPO 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 |
| NII (HNI) Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
| Company Promoters | Mr. Shree Krishna Mukesh Gupta and Plutus Trade & Commodities LLP are the Promoters of the Company. |
Lloyds Luxuries IPO Timeline
Lloyds Luxuries IPO opens on Sep 28, 2022, and closes on Sep 30, 2022. The Lloyds Luxuries IPO bid date is from Sep 28, 2022 10.00 A.M. to Sep 30, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Date |
|---|---|
| Lloyds Luxuries IPO Opening Date | Sep 28, 2022 |
| Lloyds Luxuries IPO Closing Date | Sep 30, 2022 |
| Basis of Allotment | Oct 6, 2022 |
| Initiation of Refunds | Oct 7, 2022 |
| Credit of Shares to Demat | Oct 10, 2022 |
| Lloyds Luxuries IPO Listing Date | Oct 11, 2022 |
Lloyds Luxuries IPO Lot Size
The Lloyds Luxuries IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹120,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹120,000 |
| Retail (Max) | 1 | 3000 | ₹120,000 |
Lloyds Luxuries IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.33% |
Lloyds Luxuries IPO Review
The company operates in a highly competitive and fragmented segment of men’s beautification. It has been posting losses and hence the issue is at a negative P/E with some carried forward losses. Simply avoid this IPO from a loss-making company. Read detail review…
Lloyds Luxuries IPO Prospectus
Company Contact Information
Lloyds Luxuries Limited
Trade World, ‘C’ Wing,
16th Floor, Kamala City, Senapati Bapat Marg
Lower Parel (W), Mumbai 400013
Phone: +91-022-68238888
Email: cs@lloydsluxuries.in
Website: http://www.lloydsluxuries.in/
Lloyds Luxuries IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com