On June 25, 2025, Timex Group share price hit the 5% lower circuit at ₹251 on the BSE after the promoter announced an Offer for Sale (OFS). By 9:30 AM, the stock was down 5% while the BSE Sensex was up by 0.49%, trading at 82,460.71.
The promoter, Timex Group Luxury Watches B.V., plans to sell 7,571,250 equity shares, which equals 7.5% of the company’s total share capital. Additionally, there’s an option to sell the same number of shares again under the oversubscription route, taking the total potential sale to 15%. The floor price for the OFS is set at ₹175 per share.
The OFS is open to non-retail investors on June 25 (T Day) and will open to retail investors on June 26 (T+1 Day).
The announcement created selling pressure, resulting in the stock getting locked in the lower circuit. The company’s current market cap stands at ₹2,533.85 crore. Its 52-week high is ₹289.90, and the 52-week low is ₹117.90.
Founded in 1854, Timex Group is one of the world’s largest watchmakers. It designs and sells watches and jewellery globally through brands like Timex, Helix, Guess, Versace, and Salvatore Ferragamo. The group has multiple business units and over 5,000 employees worldwide.
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Timex Group's stock faced a sharp drop due to the promoter's decision to sell a significant stake via OFS. Investors will be closely watching Thursday’s retail round and market reaction.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jun 25, 2025, 10:52 AM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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