Timex Group Luxury Watches BV, the promoter of famous watchmaker Timex Group India Limited, is going to sell 4.47% stake in the company through Offer for Sale (OFS). This sale will be done on 29th and 30th December.
This sale will involve 45.09 lakh equity shares. These shares constituted 4.47% of the paid-up equity capital of the company as of September 30, 2025. The OFS will come at a floor price of ₹275 per share.
This offer will open for non-retail investors on December 29. Retail investors and eligible non-retail participants can place bids on December 30.
The promoter also has the option to sell an additional 4.47% stake in the event of oversubscription under the OFS. This could result in a total sale of approximately 8.93% of the company’s equity.
Kotak Securities has been appointed as the seller’s broker for this transaction. Timex Group India said the OFS will be held through a separate window on BSE as per the rules of capital markets regulator SEBI.
The share price of Timex Group India is Rs 351.75 on BSE. Market cap is more than Rs 3500 crore. Promoters held 59.93 percent stake in the company by the end of September 2025.
The share price has doubled in 2 years. It has strengthened by 76 percent in one year and 47 percent in 6 months. The 5 year return is 1000 percent.