Mumbai, Jan. 1 -- Promoter Timex Group Luxury Watches BV offered a base lot of 45.09 lakh shares, representing 4.47% of the company's equity. The offer included an oversubscription option for an additional 4.47%, taking the total potential divestment to 90.18 lakh shares, or 8.93%.

The floor price was set at Rs 275 per share, a discount of 21.82% to the stock's closing price of Rs 351.75 on 26 December 2025.

The OFS opened on December 29 for non-retail investors. Retail investors participated on December 30, along with non-retail bidders carrying forward unallotted bids. The offer was conducted through a special window on the BSE and NSE during market hours.

On Day 1 (T-day), as of 15:30 IST, the OFS received subscription for 3,80,41,2...