ETHOS IPO Details

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

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Important Details – ETHOS

Important DateDetails
November 5, 2007The company was originally incorporated as ‘Kamla Retail Limited’ at Parwanoo, Himachal Pradesh
March 2, 2012The 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

DescriptionETHOSLTD IPO Details
Public IssueInitial 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  Date18-May-22
Issue Close Date20-May-22
Issue TypeBook 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 InvestorRs. 2,00,000
Listing NSE, BSE
NSE SymbolETHOSLTD
IPO Market Timings 10.00 a.m. to 5.00 p.m.

ETHOS IPO DRHP & RHP

ETHOS IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum117₹ 14,926
Maximum13221₹ 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

DetailsImportant Dates
Bid / Offer Opens on18-May-22
Bid / Offer Closes on20-May-22
Finalisation of Basis of Allotment25-May-22
Initiation of refunds 26-May-22
Credit of the Equity Shares27-May-22
Listing Date30-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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