Lloyds Luxuries Limited IPO
i. Incorporated in 2013, Lloyds Luxuries are amongst the organized player of salon services and beauty products in India, focused on grooming men to perfection. They own exclusive franchisee of Truefitt & Hill, which is an international brand offering a wide range of beauty products and salon services for men through the luxury barbershops operating across many countries. The brand is exclusively owned by Truefitt & Hill (Gentlemen’s Grooming) Limited, a company registered under the law of England and Wales and having its office in London, United Kingdom.
ii. They began their relationship with Truefitt & Hill in 2013 when they commenced operations of its luxury barber store in Mumbai. Lloyds has subsequently continued to expand its operations and as of March 31, 2022, they operate 14 barber stores under the brand Truefitt & Hill across 7 cities in India. The Company holds the Master Franchise Agreement of “Truefitt & Hill” upto 2043. Under the franchise agreement, the company own 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. As of March 31, 2022, they have assigned sub-franchisee of Truefitt & Hill to 12 barber stores operating in 11 cities of India, through which we earn royalty and franchisee income.
iii. In addition, Lloyds has obtained exclusive franchise for MARY COHR in 2019 for 10 years, a French Beauty Salon which has presence across the Globe. Under the exclusive master franchise agreement, they own exclusive rights to open stores in the brand name of “MARY COHR” either directly or through sub franchisee arrangements in India. Currently, they are operating a MARY COHR store at Santacruz, Mumbai.
- Use of the established Brand name.
- Online Business E-commerce and Omni-channel.
- Prime Location of the salon.
Objects of the Lloyds Luxuries Limited IPO:
Lloyds Luxuries Limited IPO Details:
|Open Date:||Sep 28 2022|
|Close Date:||Sep 30 2022|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Price Issue|
|Issue Size:||24 Cr.|
|Lot Size:||3000 Shares|
|Issue Price:||₹ 40 Per Equity Share|
|Listing At:||NSE Emerge|
|Listing Date:||Oct 11 2022|
Promoters And Management:
Financials of Lloyds Luxuries Limited IPO:
|Particulars (in crores)||Mar-22||Mar-21||Mar-20|
|Revenue from operations||20||18.00||27.00|
|Cost of material consumed||4.00||2.00||4|
|Change in Inventories||-0.80||0.20||-0.90|
|Employee Benifit Expense||7||5||9|
|Profit (Loss) before tax||-9||-3||-3|
|Profit (Loss) for the period||-9||-3||-3|