Ethos Limited IPO - Review, Status, Price, Open Date, Allotment, Lot Size

 

Ethos Limited IPO

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Ethos Limited IPO

Ethos Watches is India’s largest chain of luxury watch boutiques with 50 stores in India and over 60 premium luxury Watch brands. Their stores are located in 17 cities of India. They have the sizeable portfolio of premium and luxury watches in India enabling them 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.

Company Promoters:

• Yashovardhan Saboo
• KDDL Limited
• Mahen Distribution Limited

Objects of this 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
• Financing the capital expenditure to establish new stores and renovation of certain existing stores
• Financing the capital expenditure for upgradation of enterprise resource planning software.
• General corporate purposes.

Financial Information of the Company:

 

Amount in Million (Rs.)

As on 31 Mar 2021

As on 31 Mar 2020

As on 31 Mar 2019

Total Assets

39,204.38

42,195.65

36,892.56

Total Liabilities

23,643.02

27,208.87

23,852.13

Net Profit

578.53

(133.40)

988.88

The offer:

Particulars

Shares Available for allotment

Percentage of Shares Available for allotment

QIB

11,83,115 Equity shares

Not more than 50% of the net offer size

Non-Institutional Portion

8,39,053 Equity shares

Not less than 15% of the net offer size

Retail

19,57,789 Equity shares

Not less than 35% of the net offer size

Eligible Employees

-

-

Net offer size

39,79,957 Equity shares

N/A

Ethos Limited IPO Details

Issue Open

18 May 2022

Issue Close

20 May 2022

IPO Price

₹836 – ₹878 per equity share

Face Value

₹10 per equity share

IPO Size

₹472.29 Cr.

Listing At

NSE, BSE

IPO Lot Size

17 Shares

Ethos Limited IPO Promoter Holdings:

Pre-Issue Share Holding

81.01%

Post-Issue Share Holding

61.65%

Ethos Limited IPO Schedule
1. Bid or Offer Opens on: 18 May 2022
2. Bid or Offer Closes on: 20 May 2022
3. Finalization of BoA: 25 May 2022
4. Initiation of Refunds: 26 May 2022
5. Credit of shares to demat account: 27 May 2022
6. Listing Date: 30 May 2022

Ethos Limited IPO Lot Size
Market lot size of the Ethos Limited IPO is 17 shares. Minimum and Maximum order quantity is as follows:

Application

Lots

Shares

Amount

Minimum

1

17

₹14,926

Maximum

13

221

₹1,94,038

Company Contact Details:
Ethos Limited
Plot No. 3, Sector- III, Parwanoo,
Himachal Pradesh -173220.

Phone: + 91 1792 232 462/233 402
Email: anil.dhiman@ethoswatches.com
Website: https://www.ethoswatches.com/

Ethos Limited IPO Registrar Details:
KFin Technologies Limited
Selenium, Tower B, Plot No- 31 and 32,
Financial District, Nanakramguda,
Serilingampally, Hyderabad,
Rangareddi – 500032, Telangana, India.

Phone: +91 40 6716 2222
Email: ethosltd@kfintech.com
Website: https://karisma.kfintech.com/

Frequently Asked Question

You can apply for an IPO from any place by using internet as it is an online process. You can apply for an IPO using 2 methods i.e., ASBA and UPI. ASBA facility is provided by your bank and UPI method is offered by your stock broker. You can invest in Ethos IPO by using any one of these method as per your convenience.
Ethos IPO will be closed on May 20, 2022.
Face value of equity shares of Ethos IPO is ₹10.
Price of 1 share of Ethos IPO is ₹836 - ₹878.
Post-issue share holdings of Ethos IPO promoters are 61.65%.
Pre-issue share holdings of Ethos IPO promoters are 81.01%.
Minimum and Maximum order quantity for Ethos IPO is 1 lot and 13 lots respectively.
Ethos IPO is going to open on May 18, 2022.
If you do not get the allotment of Ethos shares, your IPO application amount will be released or credited back to your bank account via which you applied for this IPO.
Ethos IPO shares will get listed at BSE and NSE.
You will receive the allotted shares in your demat account on May 27, 2022.
Ethos IPO will get listed on May 30, 2022.
Market lot size of the Ethos IPO is 17 shares.