Ethos IPO date is fixed, the IPO is to open on May 18 and closes on May 20, 2020. Ethos IPO to raise around ₹472 crores via IPO that comprises fresh issue of ₹375 crores and offer for sale up to 1,108,037 equity shares of ₹10 each. The retail quota is 35% while QIB is 50% and HNI is 15%.
Ethos Limited is one of the largest luxury and premium watches retailer in India. The company is selling luxury branded watches like Omega, IWC Schaffhausen, Jaeger LeCoultre, Panerai, Bvlgari, H. Moser & Cie, Rado, Longines, Baume & Mercier, Oris SA, Corum, Carl F Bucherer, Tissot, Raymond Weil, Louis Moinet and Balmain. They have around 60 luxury watches brands in India and 50 stores in India across 17 cities in India.
Ethos Limited is promoted by KDDL Limited, which opened its first store in 2003 in Chandigarh. They are selling products online and offline modes where customers can order. The delivering products to customers’ doorstep. The Indian cities include New Delhi Mumbai, Bengaluru, Hyderabad, Chennai, Kolkata, Chandigarh, Ahmedabad, Jaipur, Lucknow, Gurgaon, Guwahati, Ludhiana, Nagpur, Noida, Pune, and Thane in India. You can check Ethos IPO subscription status and Ethos IPO allotment status on their respective pages.
Ethos IPO Important Details:
- Ethos is a well-known brand in India.
- Online of the largest retailer of luxury watches.
- Selling more than 60 luxury branded watches in India.
- Good presence in India with 50 stores in 17 cities.
- Have a good Luxury customer base.
- Selling products offline and online as well.
- A strong relationship with luxury brands and groups.
Ethos IPO Review (Good or Bad)
- Avoid
Brokerage Firm IPO Review
- ICICI Direct: Avoid
- Capital Market: Avoid
Ethos IPO Date & Price Band
Ethos IPO Open: | May 18, 2022 |
Ethos IPO Close: | May 20, 2022 |
Ethos IPO Size: | Approx ₹472 Crores |
Fresh Issue: | Approx ₹375 Crores |
Offer for Sale: | Approx 1,108,037 Equity Shares |
Face Value: | ₹10 Per Equity Share |
Ethos IPO Price Band: | ₹836 to ₹878 Per Share |
Ethos IPO Listing on: | BSE & NSE |
Retail Quota: | 35% |
QIB Quota: | 50% |
NII Quota: | 15% |
Discount: | N/A |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Ethos IPO Market Lot
The Ethos IPO minimum market lot is 17 shares with ₹14,926 application amount. The retail investors can apply up-to 13 lots with 221 shares or ₹194,038 amount.
Minimum Lot Size: | Minimum 17 Shares for 1 lot |
Minimum Amount: | ₹14,936 for 1 lot |
Maximum Lot Size: | Maximum 221 Shares for 13 lot |
Maximum Amount: | ₹194,038 for 13 lot |
Ethos IPO Allotment & Listing Dates
The Ethos IPO date is May 18, 2022 and the close date is May 20, 2022. The Ethos IPO allotment will be finalized on May 25, 2022 and the IPO listing on May 30, 2022.
Price Band Announcement: | May 10, 2022 |
Anchor Investors Allotment: | May 17, 2022 |
Ethos IPO Open Date: | May 18, 2022 |
Ethos IPO Close Date: | May 20, 2022 |
Basis of Allotment: | May 25, 2022 |
Refunds: | May 26, 2022 |
Credit to Demat Account: | May 27, 2022 |
Ethos IPO Listing Date: | May 30, 2022 |
Ethos IPO Form
How to apply for the Ethos IPO? You can apply for Ethos IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Ethos IPO in the Invest section. The other option is you can apply for Ethos IPO via IPO forms download via NSE and BSE. Check out the Ethos forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
Ethos Company Financial Report
₹ in Crores | |||||
Revenue | Expense | PAT | |||
2019 | ₹445 | ₹429 | ₹9.89 | ||
2020 | ₹461 | ₹459 | -₹1.33 | ||
2021 | ₹403 | ₹395 | ₹5.79 | ||
2021 6M | ₹231 | ₹226 | ₹3.75 |
Ethos IPO Valuation – FY2021
Check Ethos IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
Earning Per Share (EPS): | ₹3.78 per Equity Share |
Price/Earning P/E Ratio: | N/A |
Return on Net Worth (RoNW): | 3.72% |
Net Asset Value (NAV): | ₹85.43 per Equity Share |
Peer Group
- There are no listed companies in India that engage in a business similar to that of our Company as per DRHP.
Company Promoters
- Yashovardhan Saboo
- KDDL Limited
- Mahen Distribution Limited
Ethos IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://karisma.kfintech.com/
Ethos IPO Allotment Status Check
Check Ethos IPO allotment status on KFintech website allotment URL. Click Here
Ethos IPO Lead Managers
- Emkay Global Financial Services Ltd
- InCred Capital Financial Services Pvt Ltd
Company Address
Ethos Limited
Plot No. 3,
Sector- III, Parwanoo,
Himachal Pradesh -173 220
Phone: + 91 1792 232 462/233 402
Email: [email protected]
Website: https://www.ethoswatches.com/
Ethos IPO FAQs
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Note: The Ethos IPO price band and date are officially announced. The IPO grey market premium (Ethos IPO Premium) will be added on the IPO grey market page as it will start).
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