Luxury Time, the Rs 68-crore valued Swiss luxury watches distributor, has attracted overwhelming response from investors, receiving a massive Rs 7,573 crore worth bids on December 8, the final day of bidding.

The initial public offer was subscribed 553.93 times during December 4-8, with investors bidding 92.35 crore equity shares against the offer size of 16.67 lakh shares via 2.19 lakh applications.

Retail investors took the lead amongst them, picking up 860.5 times their allotted quota in three days. The portions set aside for non-institutional investors, and qualified institutional buyers were subscribed 402.47 times, and 205.58 times, respectively.

The New Delhi-headquartered watch service-related tools and equipment distributor hit Dalal Street to raise funds up to Rs 18.73 crore

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