ETHOS IPO subscription is to open on 18 May 2022 and will close on 20 May 2022, the price band of the Ethos IPO is fixed at ₹ 836 – ₹ 878. ETHOS is one of the largest luxury and premium watch retail players in India. Check the ETHOS Subscription Status & Allotment Status.
About ETHOS
ETHOS is one of the largest luxury and premium watch retail players. The company delivers a content-led luxury retail experience to the customers through its online and physical presence. In addition to the chain of 50 physical retail stores in 17 cities in India in a multi-store format, ETHOS offers an Omnichannel experience to the customers through the website and social media platforms.
ETHOS has a sizeable portfolio of premium and luxury watches in India enabling to retail 50 premium and luxury watch brands 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.
The company’s official website www.ethoswatches.com provides a seamless experience to customers both online and offline. It provides information about international brands to our customers with smart search facilities by gender, price, and features and valuable customer education touch points
Also Read:
- ETHOS IPO GMP
- ETHOS IPO Subscription Status
- ETHOS IPO Allotment Status
- ETHOS IPO Listing Date
Important Details – ETHOS
| Important Date | Details |
|---|---|
| November 5, 2007 | The company was originally incorporated as ‘Kamla Retail Limited’ at Parwanoo, Himachal Pradesh |
| March 2, 2012 | The name of the company was changed to ‘Ethos Limited’ |
Objects of the Issue
- Repayment or pre-payment, in full or in part, of all or certain borrowings availed by the Company;
- Funding working capital requirements of the Company; and
- Financing the capital expenditure for
- (i) establishing new stores and renovation of certain existing stores and
- (ii) upgradation of enterprise resource planning software
- General corporate purpose
ETHOS Limited Financials:
Summary of financial Information (Restated Consolidated Statement)
| Particulars | For the year ended (₹ in lakh) | |||
|---|---|---|---|---|
| 31-Dec-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 49,399.31 | 39,204.38 | 42,195.65 | 36,892.56 |
| Total income | 42,934.76 | 40,314.23 | 46,100.56 | 44,509.63 |
| Total Expenses | 40,770.97 | 39,518.00 | 45,868.56 | 42,861.84 |
| Profit After Tax | 1,598.78 | 578.53 | (133.40) | 988.88 |
ETHOS IPO Price – Details
| Description | ETHOSLTD IPO Details |
|---|---|
| Public Issue | Initial Public Issue of upto 55,93,682 Equity Shares of ₹ 10 (aggregating up to ₹ 3,750 million) and an offer for sale of up to 11,08,037 Equity Shares |
| Issue Open Date | 18-May-22 |
| Issue Close Date | 20-May-22 |
| Issue Type | Book Building |
| IPO Price Band | ₹ 836 – ₹ 878 |
| Face Value | ₹ 10 |
| Market Lot | 17 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 17 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Listing | NSE, BSE |
| NSE Symbol | ETHOSLTD |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
ETHOS IPO DRHP & RHP
ETHOS IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 17 | ₹ 14,926 |
| Maximum | 13 | 221 | ₹ 1,94,038 |
ETHOS IPO Lead Managers
- Emkay Global Financial Services Ltd
- InCred Capital Wealth Portfolio Managers Private Limited
ETHOS IPO Registrar
ETHOS IPO Allotment Date, Listing Date, and Other Important Dates
| Details | Important Dates |
|---|---|
| Bid / Offer Opens on | 18-May-22 |
| Bid / Offer Closes on | 20-May-22 |
| Finalisation of Basis of Allotment | 25-May-22 |
| Initiation of refunds | 26-May-22 |
| Credit of the Equity Shares | 27-May-22 |
| Listing Date | 30-May-22 |
Company Peers – Comparison of Accounting Ratios
The company does not have any listed peers which are comparable in terms of business.
Company Corporate Office
Kamla Centre, S.C.O. 88-89,
Sector 8-C, Madhya Marg,
Union Territory of Chandigarh 160 009
Website: www.ethoswatches.com
Company Registered Office
Plot No. 3, Sector- III,
Parwanoo
Himachal Pradesh -173 220
Company Promoters
- Yashovardhan Saboo
- KDDL Limited
- Mahen Distribution Limited
ETHOS IPO – FAQS
What is the price band for ETHOS IPO?
The ETHOS IPO price band is ₹ 836 – ₹ 878 per share
When ETHOS IPO will open?
The ETHOS IPO opens on May 18, 2022 and closes on May 20, 2022
What is the lot size of ETHOS IPO?
The ETHOS IPO lot size is 17 Equity Shares and the minimum order quantity is 17 Equity Shares
Who is the Registrar for ETHOS IPO?
The Registrar for ETHOS IPO is KFin Technologies Private Limited
How to apply for ETHOS IPO through UPI?
Check the step by step process here – Click here
How to apply for ETHOS IPO through Zerodha?
Check the step by step process here – Click here
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