Ethos IPO Review, Date, GMP, Price, Lot Size, Apply

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.

Ethos Watch IPO Review - Paisa kaudi
Ethos Watch IPO Review – Paisa kaudi

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 DateMay 18, 2022
IPO Close DateMay 20, 2022
Fresh Equity Share Issue₹ 375 Crores
worth of equity shares
Offer for SaleApprox. 1,108,037 Equity Shares
Face Value₹ 10 Per Equity Share
Price Band₹ 836 – ₹ 878 Per Equity Share
Retail Quota Share35%
QIB Quota50%
NII (HNI) Quota15%
Listing onNSE & BSE
Employee Discount
DRHPView
Ethos IPO – Key points to know before investing

Ethos IPO Timetable

IPO Start DateMay 18, 2022
IPO Close DateMay 20, 2022
Basis of Share Allotment DateMay 25, 2022
Refunds DateMay 26, 2022
Credit of shares to Demat Account DateMay 27, 2022
IPO Listing DateMay 30, 2022
Ethos IPO Timetable – Paisa kaudi

Ethos IPO Lot Size

Minimum Lot Size17 shares for 1 lot
Minimum Amount₹ 14,936 for 1 lot
Maximum Lot Size221 Shares (13 lot)
Maximum Amount₹194,038 (for 13 Lot)
Ethos IPO Lot size – Paisa kaudi

Ethos Ltd Financial Report (2019-2021)

Company is in profits from last 3 years. Positive sign for investors.

YearRevenueExpensePAT (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 Revenue Report (Figures are in Crores)

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

Ethos IPO Registrar Contact Information

KFin Technologies Limited

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

What is Ethos IPO?

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.

What is Ethos IPO price band?

Venus Pipes and Tubes IPO price band is ₹836 to ₹878.

What is the lot size of Ethos IPO?

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.

What is the investors portion in Ethos IPO?

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.

When Ethos IPO will open?

Ethos IPO will open on May 18, 2022.

When is the Ethos IPO Allotment?

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.

When is the Ethos IPO Listing Date?

Shares of Ethos IPO will list in the market on May 30, 2022.

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