Ethos Limited IPO

Mainboard

Retailing

Listed On: May 30, 2022 at ₹ 825.0(NSE)

₹ 14926 /17 Shares

Check Allotment

Price Summary

Last Closing

3,275.00 (273.01%)

52 Week High

3,524.95

52 Week Low

1,551.05

Last Update

20-Sep-2024 3:30 PM

IPO Details

18 May, 2022

Open Date

20 May, 2022

Close Date

25 May, 2022

Allotment Date

30 May, 2022

Listing Date

Issue Price

₹836-878 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

KFin Technologies Limited

List Price

825.0(NSE)

Listing Date

2022-05-30

Market Lot

17 Shares (₹14,926/-)

Lead Manager

Emkay Global Financial Services Ltd, InCred Capital Financial Services Pvt Ltd (Past IPO Performance)

Issue Size

Approx 472 Crores : 375 Crores Fresh Issue + 97 Crores OFS

Retail Portion

35% (Number of Retail Applications : 1,27,270 Approx)

Subscription

1.04 times

IPO Docs

DRHP RHP

IPO Subscription Details

As on	QIB	NII	Retail	Total
Shares Offered / Reserved	1,183,115	839,053	1,957,789	3,979,957
Day 1 - 18-05-22 05:00 PM	0.00 x	0.04	0.53 x	0.27 x
Day 2 - 19-05-22 05:00 PM	0.19 x	0.25	0.68 x	0.44 x
Day 3 - 20-05-22 05:00 PM	1.06 x	1.48	0.84 x	1.04 x

Total No. of Applications: 88476 (Approx)

Valuations

Earnings Per Share (EPS)

₹2.48/-

P/E Ratio

354

RoNW

3.72%

Net Asset Value (NAV) - As on 31.12.21

₹105.48

Company Financials All values are in ₹ Cr.

	30-Sep-21	31-Mar-21	31-Mar-20	31-Mar-19
Assets	416.24	392.04	421.95	368.92
Revenue	230.86	403.14	461.00	445.09
Profit After Tax	3.75	5.78	(1.33)	9.88

About The Company

Ethos Limited is the largest luxury and premium watch retailer in India. The company delivers premium luxury watches through websites, social media platforms and physical stores. Ethos Limited operates on an omnichannel model and allows customers to order products either offline or online and have the flexibility of buying products at one store and returning at another or browsing product catalogues and placing orders online with doorstep delivery.

The company's watch portfolio has 50 premium brands including 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.

The company has 50 physical retail stores in 17 cities in India including New Delhi Mumbai, Bengaluru, Hyderabad, Chennai, Kolkata, Chandigarh, Ahmedabad, Jaipur, Lucknow, Gurgaon, Guwahati, Ludhiana, Nagpur, Noida, Pune and Thane. Ethos Limited has 7,000 different premium watches and 30,000 watches in stock at any given time.

- Promoter(s)

Pre Issue Share Holding: 81.01%

Post Issue Share Holding: 61.65%

Company Promoter(s)

Yashovardhan Saboo
KDDL Limited
Mahen Distribution Limited

IPO - Issue Objectives

Repayment or pre-payment, in full or in part, of all or certain borrowings availed by our Company.
Funding working capital requirements of our Company.
Financing the capital expenditure for establishing new stores.
Financing the renovation of certain existing stores and upgradation of enterprise resource planning software.
General corporate purpose.

IPO - Anchor Investors

Ethos raises Rs 141.68 crore from anchor investors ahead of IPO.

ICICI Prudential Flexi Cap Fund bought 5.30 lakh shares in Ethos Limited, Jupiter India Fund purchased 3.73 lakh shares, Saint Capital fund bought 1.59 lakh shares and 1.55 lakh shares were bought by Cohesion MK Best Ideas Sub-Trust in the luxury watch retailer.

Jupiter South Asia Investment Company Limited – South Asia Access Fund bought 77 thousand shares while Coeus Global Opportunities fund, Alchemy Leaders of Tomorrow-Closed ended Fund Series-2, UPS Group Trust, and Nomura Singapore Ltd ODI bought 79,713 shares each in the Chandigarh based company.

IPO - FAQs

Ans. Ethos Limited IPO is a Mainboard IPO. The issue is priced at ₹836-878 per equity share. The minimum order quantity is 17 Shares. The IPO opens on May 18, 2022, and closes on May 20, 2022. KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Ethos Limited IPO opens on May 18, 2022 and closes on May 20, 2022.

Ans. The size of Ethos Limited IPO is Approx 472 Crores : 375 Crores Fresh Issue + 97 Crores OFS.

Ans. The IPO price band is set between ₹836-878 per equity share.

Ans. To apply for Ethos Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Ethos Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Ethos Limited IPO is May 25, 2022.

Ans. The Ethos Limited IPO will be listed on May 30, 2022.

Ans. Follow the steps to check the allotment status for Ethos Limited IPO here.