IPO

Ethos Limited IPO

Mainboard

Retailing

Listed On: May 30, 2022 at ₹ 825.0(NSE)

₹ 14926 /17 Shares

Check Allotment

18 May, 2022

Open Date

20 May, 2022

Close Date

25 May, 2022

Allotment Date

30 May, 2022

Listing Date
Price Summary

Last Closing

3,023.20 (244.33%)

52 Week High

3,245.90

52 Week Low

1,931.95

Last Update

15-Dec-2025 3:30 PM
IPO Issue Details
  • Issue Price ₹836-878 per equity share
  • Face Value ₹10 Per Equity Share
  • Issue Price Approx 472 Crores : 375 Crores Fresh Issue + 97 Crores OFS
  • Listing at BSE, NSE
  • List Price 825.0(NSE)
  • Listing Date 2022-05-30
  • Lead Manager Emkay Global Financial Services Ltd, InCred Capital Financial Services Pvt Ltd (Past IPO Performance)
  • Registrar KFin Technologies Limited
IPO Details
  • Retail Portion 35% (Number of Retail Applications : 1,27,270 Approx)
IPO Documents
DRHP
RHP
IPO Details


The IPO of is priced at ₹836-878 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from May 18, 2022 and ends on May 20, 2022. The allotment for IPO will be finalized on May 25, 2022. IPO will be listed on BSE, NSE, with a tentative listing date fixed as May 30, 2022. The company shall list its equity shares on the BSE, NSE. KFin Technologies Limited is the registrar of the issue.

The book-running lead manager for the IPO is/are Emkay Global Financial Services Ltd, InCred Capital Financial Services Pvt Ltd (Past IPO Performance).


The IPO sets its price band at 836-878 for each share. A single application for Ethos Limited IPO must contain at least 17 shares.

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IPO Subscription Analysis And Details
Retail
0.84x
QIB
1.06x
NII
1.48x
Total
1.04x
As on QIB NII Retail Total
Shares Offered / Reserved 1,183,115 839,053 1,957,789 3,979,957
Day 1 18-05-22 05:00 PM
0.00 x 0.04 0.53 x 0.27 x
Day 2 19-05-22 05:00 PM
0.19 x 0.25 0.68 x 0.44 x
Day 3 20-05-22 05:00 PM
1.06 x 1.48 0.84 x 1.04 x
Total No of Applications
88476
Valuations
Earnings Per Share (EPS) ₹2.48/-
P/E Ratio 354
RoNW 3.72%
Net Asset Value (NAV) - As on 31.12.21 ₹105.48
Company Financials
In Crs.
In Cr.
30-Sep-21 31-Mar-21 31-Mar-20 31-Mar-19
Assets 416.24 392.04 421.95 368.92
Revenue 230.86 403.14 461.00 445.09
Profit After Tax 3.75 5.78 (1.33) 9.88
About Company

Ethos Limited is the largest luxury and premium watch retailer in India. The company delivers premium luxury watches through websites, social media platforms and physical stores. Ethos Limited operates on an omnichannel model and allows customers to order products either offline or online and have the flexibility of buying products at one store and returning at another or browsing product catalogues and placing orders online with doorstep delivery.

The company's watch portfolio has 50 premium brands including 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 has 50 physical retail stores in 17 cities in India including New Delhi Mumbai, Bengaluru, Hyderabad, Chennai, Kolkata, Chandigarh, Ahmedabad, Jaipur, Lucknow, Gurgaon, Guwahati, Ludhiana, Nagpur, Noida, Pune and Thane. Ethos Limited has 7,000 different premium watches and 30,000 watches in stock at any given time.

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- Promoter(s)

Yashovardhan Saboo

KDDL Limited

Mahen Distribution Limited

Pre Issue Share Holding : 81.01%

Post Issue Share Holding : 61.65%

IPO - Issue Objectives
1

Repayment or pre-payment, in full or in part, of all or certain borrowings availed by our Company.

2

Funding working capital requirements of our Company.

3

Financing the capital expenditure for establishing new stores.

4

Financing the renovation of certain existing stores and upgradation of enterprise resource planning software.

5

General corporate purpose.

IPO - Anchor Investors

Ethos raises Rs 141.68 crore from anchor investors ahead of IPO.

ICICI Prudential Flexi Cap Fund bought 5.30 lakh shares in Ethos Limited, Jupiter India Fund purchased 3.73 lakh shares, Saint Capital fund bought 1.59 lakh shares and 1.55 lakh shares were bought by Cohesion MK Best Ideas Sub-Trust in the luxury watch retailer.

Jupiter South Asia Investment Company Limited – South Asia Access Fund bought 77 thousand shares while Coeus Global Opportunities fund, Alchemy Leaders of Tomorrow-Closed ended Fund Series-2, UPS Group Trust, and Nomura Singapore Ltd ODI bought 79,713 shares each in the Chandigarh based company.