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.
As of December 31, 2021, the company's website had 21,844,216 visitor sessions.
The company propose to utilise the Net Proceeds towards funding the following objects:
| IPO Opening Date | May 18, 2022 |
|---|---|
| IPO Closing Date | May 20, 2022 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 Equity Share |
| IPO Price | ₹836 to ₹878 per share |
| Market Lot | 17 Shares |
| Min Order Quantity | 17 Shares |
| Listing At | BSE, NSE |
| Issue Size | [.] shares of ₹10 (aggregating up to ₹472.29 Cr) |
| Fresh Issue | [.] shares of ₹10 (aggregating up to ₹375.00 Cr) |
| Offer for Sale | 1,108,037 shares of ₹10 (aggregating up to ₹97.29 Cr) |
| QIB Shares Offered | 50% of the Net Offer |
| Retail Shares Offered | 35% of the Net Offer |
| NII (HNI) Shares Offered | 15% of the Net Offer |
| Basis of Allotment Date | May 25, 2022 |
|---|---|
| Initiation of Refunds | May 26, 2022 |
| Credit of Shares to Demat Account | May 27, 2022 |
| IPO Listing Date | May 30, 2022 |
Ethos Limited IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹472.29 Crores. The issue is priced at ₹836 to ₹878 per share. The minimum order quantity is 17 Shares.
The IPO opens on May 18, 2022, and closes on May 20, 2022.
KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Ethos Limited IPO opens on May 18, 2022 and closes on May 20, 2022.
Ethos Limited IPO lot size is 17 Shares and the minimum order quantity is 17 Shares.
You can apply in Ethos Limited IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services.
The finalization of Basis of Allotment for Ethos Limited IPO will be done on May 25, 2022, and the allotted shares will be credited to your demat account by May 27, 2022.
Check the IPO allotment status.
The listing date of Ethos Limited IPO is May 30, 2022.
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