Ethos IPO : Ethos Watches is India’s largest chain of luxury watch boutiques. They have over 50 stores in India and over 60 premium luxury Watch brands.
List of Topic Covered
Key Features of Ethos IPO
- Ethos IPO will open on May 18, 2022
- You can apply in this IPO from May 20, 2022
- Issue Price band of the company is ₹ 836 to ₹ 878 per equity share.
- Ethos IPO comprises fresh issue of equity shares worth approx. ₹ 375 Crores and an offer for sale (OFS) of approx. 1,108,037 equity shares.
- It has a minimum 17 shares in one lot and you have to spend a minimum of ₹ 14,936 for 1 lot.
- Ethos IPO is looking to raise ₹ 472 Crores through this IPO.
What is Ethos Limited ?
- Ethos Watches is India’s largest chain of luxury watch boutiques.
- They have over 50 stores in 17 cities in India.
- They are Authorized by Rolex, Omega, Breitling and over 50 premium luxury Watch brands.
- They provide service and repair of over 60 of the world’s top luxury watch brands.
- Pranav Shankar Saboo is the CEO of Ethos Watch Limited.
- On the revenue front, Ethos Ltd is in profits by very small numbers for the last 2 consecutive years. Neutral signal for investors.
GMP of Ethos IPO
- Grey market is an unregulated market to trade IPO shares before listing.
- Ethos IPO price band is placed at ₹ 836 to ₹ 878
- But the grey market premium of this share is currently -1.14% i.e. at ₹868 (₹868 + (-10)).
- So the share price of Ethos IPO in the grey market is ₹ 868
Click here to Get Details IPO Grey Market Premium (GMP) Live
Ethos IPO Live Subscription Status
Ethos IPO is subscribed 0.44 times on the second day of IPO i.e. on May 19, 2022.
Click here to Get Details IPO Subscription Status Live
Ethos IPO Date, Lot Size, Allotment
Ethos IPO Details
| IPO Start Date | May 18, 2022 |
| IPO Close Date | May 20, 2022 |
| Fresh Equity Share Issue | ₹ 375 Crores worth of equity shares |
| Offer for Sale | Approx. 1,108,037 Equity Shares |
| Face Value | ₹ 10 Per Equity Share |
| Price Band | ₹ 836 – ₹ 878 Per Equity Share |
| Retail Quota Share | 35% |
| QIB Quota | 50% |
| NII (HNI) Quota | 15% |
| Listing on | NSE & BSE |
| Employee Discount | – |
| DRHP | View |
Ethos IPO Timetable
| IPO Start Date | May 18, 2022 |
| IPO Close Date | May 20, 2022 |
| Basis of Share Allotment Date | May 25, 2022 |
| Refunds Date | May 26, 2022 |
| Credit of shares to Demat Account Date | May 27, 2022 |
| IPO Listing Date | May 30, 2022 |
Ethos IPO Lot Size
| Minimum Lot Size | 17 shares for 1 lot |
| Minimum Amount | ₹ 14,936 for 1 lot |
| Maximum Lot Size | 221 Shares (13 lot) |
| Maximum Amount | ₹194,038 (for 13 Lot) |
Ethos Ltd Financial Report (2019-2021)
Company is in profits from last 3 years. Positive sign for investors.
| Year | Revenue | Expense | PAT (Profit / Loss After Tax) |
| 2021 (6M) | ₹ 231 | ₹ 226 | ₹ 3.75 |
| 2021 | ₹ 403 | ₹ 395 | ₹ 5.79 |
| 2020 | ₹ 461 | ₹ 459 | – ₹ 1.33 |
| 2019 | ₹ 445 | ₹ 429 | ₹ 9.89 |
Ethos IPO – Basis of Allotment
- Ethos IPO’s 50% quota is reserved for the QIB category.
- 15% quota is reserved for NII Category and
- 35% quota is reserved for retail investors.
How to Apply in Ethos IPO ?
- You can apply for the Ethos IPO through the ASBA facility available in your bank account.
- Just login to your online banking. GO to the IPO section and apply for Ethos IPO.
- Also you can apply this IPO through your trading account.
- One more way to apply in this IPO is through forms which you can download from NSE and BSE website.
- After downloading forms, fill it properly and submit it to the respective banks or to your broker.
How to apply for the Ethos IPO through Zerodha?
- Login to your console in Zerodha through desktop or app.
- Then go to your portfolio and click on IPO.
- You will see Ethos IPO
- Then click on the bid button.
- After this enter your UPI ID, price and quantity (lot size)
- Click the submit button.
- At last you have to go to your UPI app to approve the mandate.
How to apply for the Ethos IPO through Upstox?
- Login to your Upstox account through desktop or app.
- You will see the name Ethos IPO
- Then hit the bid button.
- Click the submit button.
- At last you have to go to your UPI app to approve the mandate.
Ethos IPO Allotment Status
You can check Ethos IPO allotment status on Registrar and Transfer Agent Website
Also you can check the allotment status on NSE Website
Other Information in Ethos IPO
Ethos IPO Promoters
- Yashovardhan Saboo
- KDDL Limited
- Mahen Distribution Limited
Ethos IPO Lead Managers
- Emkay Global Financial Services Ltd
- InCred Capital Financial Services Pvt Ltd
Ethos Contact Information
Ethos Limited
Plot No. 3,
Sector- III, Parwanoo,
Himachal Pradesh -173 220
- Phone: 91 1792 232 462/233 402
- Email: anil.dhiman@ethoswatches.com
- Website: https://www.ethoswatches.com/
Ethos IPO Registrar Contact Information
KFin Technologies Limited
- Phone: 04067162222, 04079611000
- Email: ethosltd@kfintech.com
- Website: https://karisma.kfintech.com/
Paisa kaudi recommendation on Ethos IPO
Ethos Watches is India’s largest chain of luxury watch boutiques. They have over 50 premium brands. Ethos Ltd is in profits by very small numbers for the last 2 consecutive years. Price band is high. Can be ignored. You might get this stock on discount after listing.
Keep checking the GMP for more clear picture. Stay alert as markets are volatile now a days.
Ethos IPO FAQs
Ethos IPO is the main-board IPO which will be listed on NSE & BSE. They are going to raise Approx ₹472 crores through this IPO. One lot has minimum 17 shares and you have to spend a minimum ₹14,936 for 1 lot.
Venus Pipes and Tubes IPO price band is ₹836 to ₹878.
One lot has minimum 17 shares and you have to spend a minimum ₹14,936 for 1 lot. Maximum lot is 13 and you have to spent ₹194,038 for lots.
Ethos IPO’s 35% quota is reserved for retail investors. 15% quota is reserved for NII Category and 50% quota is reserved for the QIB category.
Ethos IPO will open on May 18, 2022.
Basis of Allotment for Ethos IPO will happen on May 25, 2022 and allotted shares will be deposited in your demat account on May 27, 2022.
Shares of Ethos IPO will list in the market on May 30, 2022.