Mumbai, Dec. 29 -- Promoter Timex Group Luxury Watches BV is offering a base lot of 45.09 lakh shares, representing 4.47% of the company's equity. The offer includes an oversubscription option for an additional 4.47%, taking the total potential divestment to 90.18 lakh shares, or 8.93%.

The floor price has been set at Rs 275 per share, a discount of 21.82% to the stock's previous close of Rs 351.75 on December 26, 2025. The discounted pricing and large offer size weighed on investor sentiment.

The OFS opened on December 29 for non-retail investors. Retail investors can participate on December 30, along with non-retail bidders carrying forward unallotted bids. The offer is being conducted through a special window on the BSE and NSE durin...