Timex Group India shares crash nearly 10%; here's why

Key Highlights

• The two-day OFS is open from Monday, December 29, to Tuesday, December 30.
• On the first day (T-day), only the non-retail investors can apply, while on the T+1 day, the OFS will open for retail investors and those non-retail investors who choose to carry forward their unallotted bids.
• The promoter will exercise the option to additionally sell up to 4,509,250 equity shares (representing 4.47% of the total issued and paid-up share capital of the company) in case of oversubscription, taking the total OFS size to 8.93% of the paid-up share capital.
• The floor price for Timex Group India OFS has been fixed as ₹275 apiece, a discount of 21.81% to its Friday's closing price of ₹351.75 on the BSE.
• On Friday, Timex Group India also announced the date for its board meeting to consider the financial results for the third quarter of the financial year 2025-26 (FY26).