Ethos GMP of IPO, Ethos Grey Market Premium Today
Ethos IPO: Ethos IPO GMP (Ethos Grey Market Premium), Ethos IPO Date, Ethos IPO Review, Ethos IPO Benefits & Risks. We will update Ethos GMP daily. Also, all information related to Ethos IPO like price band, all dates, issue size and retail parts etc. All the important information about Ethos Limited IPO is given below.
Ethos IPO
The company has 50 stores in India and over 60 premium luxury watch brands and Ethos Watches is India's largest luxury watch boutique chain. The IPO Date of Ethos is 18 May 2022 and the IPO closing date is 20 May 2022. Ethos Ltd Has filed its DRHP (Draft Red Herring Prospectus) with market regulator SEBI (Securities and Exchange Board of India) to raise around Rs 472crore through IPO (Initial public offering).
Ethos IPO will open on 18 May 2022 and close on 20 May 2022. The price band of the Ethos IPO is ₹836 to ₹878. The company is looking to raise around ₹472 crores through an initial public offering (IPO). Ethos IPO QIB quota is 50%, NII quota is 15% and RII quota is 35%. Ethos's IPO listing date is 30 May 2022. You can know about Ethos IPO GMP (Grey Market Premium) below.
The company has made a profit of ₹5.79 crores in the financial year 2021 (March 2021). Ethos IPO Size is ₹472 crores. The IPO of Ethos will be listed on NSE and BSE. Ethos IPO face value is ₹10 per equity share.
We will talk about Ethos's financial, benefits, and risks of investing in the company.
Read About
What is Ethos IPO GMP Today?
Ethos IPO GMP is ₹-.
What is the Ethos IPO Date?
Ethos's IPO Opening date is 18 May 2022.
What is Ethos IPO Expected Return?
Ethos IPO Expected Returns is approx -%.
About Ethos Limited
Ethos Limited is India's largest premium luxury watch retailer. The company offers its customers a multi-store concept through its own website and social media channels. With its 50 stores and over 60 premium luxury watch brands in 17 cities across India, Ethos Watches is India's largest luxury watch boutique chain.
The company has a 20 percent market share in the Prestige watch the retail segment in India and a 13 percent market share in the premium and luxury watch retail segment (Source: Technopak Report). Athos Limited stores many famous brands like Omega, IWC Schaffhausen, Jaeger LeCoultre, Panerai, Bvlgari, H. Moser & C, Rado, Longines, Baum & Mercier, Orris SA, Quorum, etc.
Important Links:
Purpose of the offer
- To prepay/repay all or a part of the dues raised by the company.
- To meet general corporate objectives.
Ethos GMP Today (Grey Market Premium)
(Ethos GMP of IPO).
| DATE | GMP | KOSTAK | Subject to Sauda |
|---|---|---|---|
| 30 May | ₹ | ₹ | ₹ |
| 29 May | ₹- | ₹- | ₹- |
| 28 May | ₹- | ₹- | ₹- |
| 27 May | ₹- | ₹- | ₹- |
| 26 May | ₹- | ₹- | ₹- |
| 25 May | ₹- | ₹- | ₹- |
| 24 May | ₹- | ₹- | ₹- |
| 23 May | ₹- | ₹- | ₹- |
| 22 May | ₹- | ₹- | ₹- |
| 21 May | ₹- | ₹- | ₹- |
| 20 May | ₹- | ₹- | ₹- |
| 19 May | ₹- | ₹- | ₹- |
| 18 May | ₹- | ₹- | ₹- |
| 17 May | ₹- | ₹- | ₹- |
| 16 May | ₹- | ₹- | ₹- |
| 15 May | ₹- | ₹- | ₹- |
| 14 May | ₹- | ₹- | ₹- |
| 13 May | ₹- | ₹- | ₹- |
| 12 May | ₹- | ₹- | ₹- |
| 11 May | ₹- | ₹- | ₹- |
Ethos IPO Date and Price Band Details
Ethos IPO open date: 18 May 2022, Closing date: 20 May 2022, and Listing date: 30 May 2022. The price band of Ethos IPO is ₹836 to ₹878 per share. Ethos IPO issue size is Rs 472 crores. Ethos Ipo retails portion is 35%, QIB Portion is 50%, and NII Portion is 15%.
| IPO Open: | 18 May 2022 |
| IPO Close: | 20 May 2022 |
| Listing Date: | 30 May 2022 |
| Listing On: | NSE & BSE |
| IPO Size: | Approx ₹472 Crores |
| Fresh Issue: | Approx ₹375 Crores |
| Offer For Sale: | Approx ₹97 Crores |
| Price Band: | ₹836 to ₹878 per share |
| Face Value: | ₹10 per Equity share |
| QIB Portion: | 50% |
| Retail Portion: | 35% |
| NII Portion: | 15% |
| Employee Res: | Not Disclosed |
Ethos IPO Market Lot & Size
Ethos IPO's minimum lot size is 17 shares with ₹14,936 application amount and the maximum lot size is 221 shares with ₹196,038 application amount.
| Minimum Lot: | 01 |
| Minimum Lot Size: | 17 Shares |
| Minimum Amount: | ₹14,936 |
| Maximum Lot: | 13 |
| Maximum Lot Size: | 221 Shares |
| Maximum Amount: | ₹194,038 |
Ethos IPO Allotment & Listing Date
| Ipo Opening Date: | 18 May 2022 |
| IPO Closing Date: | 20 May 2022 |
| Basis of Allotment: | 25 May 2022 |
| Refund Date: | 26 May 2022 |
| Credit to Demat Account: | 27 May 2022 |
| Listing Date: | 30 May 2022 |
Ethos IPO Review
HappiestPost View: Avoid.
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Ethos Ipo Review
[Note: Rated by Happiest Post]
Review For Listing Gain
Review For Short term
Review For Long term
Strength
- Ethos has emerged as India's largest premium watch omnichannel retailer.
- The company has around 50 stores across the country and sells watches from around 60 premium and luxury brands.
- The company has access to a large number of its high-end customers.
- The company has long standing partnerships and strong relationships with luxury watch brands.
- Company A does business in their area, as per DRHP the company does not have any listed peers.
- The company has a strong team and experienced promoters.
Risks
- The company's performance is dependent on the global exposure and reputation of its third party brands.
- They depend on the watch brand to manufacture the products that the company sells to its customers.
- The company has been involved in a number of legal, regulatory and other processes, which are currently at various stages of adjudication.
- The company's performance in the last few years has not been very good.
- The company is facing tough competition in this sector.
- Their inability to protect their intellectual property rights by the company could have a negative impact on their company's revenue.
Ethos Financials
Ethos Financials(in Crores)
| Year | Total Assets | Revenue | Profit |
|---|---|---|---|
| Mar 2019 | ₹368.93 | ₹445.10 | ₹9.89 |
| Mar 2020 | ₹421.96 | ₹461.01 | ₹1.33 |
| Mar 2021 | ₹392.04 | ₹403.14 | ₹5.78 |
| Jun 2021 | ₹416.25 | ₹230.86 | ₹3.75 |
Promoters
The promoters of the company are:
- KDDL Limited
- Yashovardhan Saboo
- Mahen Distribution Limited
Contact Details of Ethos
Ethos Limited
Plot No. 3,
Sector- III, Parwanoo,
Himachal Pradesh -173 220
Tel: + 91 1792 232 462/233 402
E-mail: anil.dhiman@ethoswatches.com
Website: www.ethoswatches.com
Ethos Lead Managers
- Emkay Global Financial Services Limited
- Incred Capital Wealth Portfolio Managers Private Limited
Ethos IPO Registrars
KFIN TECHNOLOGIES PRIVATE LIMITED
Selenium, Tower B, Plot No- 31 and 32, Financial District,
Nanakramguda, Serilingampally,
Hyderabad, Rangareedi 500 032, Telangana
Tel: +91 40 6716 2222/ 180034 54001
E-mail: ethosltd@kfintech.com
Website: www.kfintech.com
Conclusion
Coming to the financial position of the company, the company has a average financial track record. The company had earned a profit of 5.78 crores in the financial year 2021. You can avoid this IPO for Listing Gain, if you are thinking of long-term investment in this IPO then you should know more about this company. Ehos Limited's financial statement and other information are listed above.
Ethos IPO FAQs
What is Ethos IPO GMP Today?
Ethos IPO GMP is ₹- as of today.
What is the Ethos IPO Opening Date?
Ethos IPO Opening date is 18 May 2022.
What is the Ethos IPO Closing Date?
Ethos IPO Closing date is 20 May 2022.
What is the Ethos IPO Allotment date?
Ethos IPO Allotment Date is 25 May 2022.
What is Ethos IPO Listing Date?
The Ethos IPO Date is 30 May 2022.
What is Ethos IPO Kostak Rate?
Ethos IPO Kostak rate is ₹-.
What is Ethos IPO Expected Returns?
Ethos IPO Expected Returns is -%.
Read More:
For other important information related to the stock market and Grey Market Premium, Costak rate, you can click on the links given below.
How to Apply the Ethos Ltd IPO with Zerodha?
1. Open your Zerodha kite app and visit the Account tab, then see for console and click on IPO.
2. If you are a Desktop user then Log in to Console on Zerodha Website. Go to Portfolio and Click on IPO.
3. You will see the IPO name "Ethos Ltd".
4. Then, Click on Bid Button.
5. Then, Enter your UPI ID.
6. Then, Fill in Quantity and Price. (we recommend, that you should choose the cutoff price.)
7. Then Submit the IPO Application Form.
8. Now go to your UPI App (PhonePe, Google Pay, etc) or BHIM App to Approve the mandate.
7. Then Submit the IPO Application Form.
8. Now go to your UPI App (PhonePe, Google Pay, etc) or BHIM App to Approve the mandate.
Disclaimer
- View Disclaimer.
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