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Open
18 May 2022
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Close
20 May 2022
3
Allotment
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Listing
Mon, May 30, 2022
Price Band
₹836 to ₹878
Issue Size
45,81,500 shares (agg. up to ₹402 Cr)
Lot Size
17 Shares
Listing Date
Mon, May 30, 2022
Latest GMP
₹-5
Est. Gain
-0.57%
✦ AI Insight
GMP Trend
30-05-2022₹-5Est. ₹873-0.57%
28-05-2022₹-3Est. ₹875-0.34%
27-05-2022₹-8Est. ₹870-0.91%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.06x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Dec 2021 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|
| Assets | 493.99 | 392.04 | 421.96 | 368.93 |
| Total Income | 429.35 | 403.14 | 461.01 | 445.10 |
| Profit After Tax | 15.99 | 5.79 | -1.33 | 9.89 |
| EBITDA | 56.29 | 56.44 | 54.40 | 58.26 |
| NET Worth | 198.04 | 155.60 | 149.85 | 130.39 |
| Reserves and Surplus | 179.29 | 137.40 | 131.66 | 113.50 |
| Total Borrowing | 86.76 | 51.99 | 75.75 | 77.07 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Eighty Jewellers Ltd. | SME | ₹11.07 Cr | ₹41 | 25.15 | ₹44.10 | +7.56% | ₹46.45 (+4.88%) |
| Foce India Ltd. | SME | ₹29.03 Cr | ₹225 | null | ₹225.70 | +0.31% | ₹604.80 (+0.47%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment or pre-payment, in full or in part, of all or certain borrowings availed by the Company | 29.89 |
| 2 | Funding working capital requirements of the Company | 234.96 |
| 3 | Financing the establishment of new stores and renovation of the certain existing stores | 33.27 |
| 4 | Financing the upgradation of ERP | 1.98 |
| 5 | General corporate purpose | 36.10 |
About Ethos IPO
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. Competitive Strengths: Access to a large base of luxury Customer. Deep understanding
Contact Details
Ethos Ltd. AddressPlot No.3Sector-IIIParwanoo, Himachal Pradesh, 173220+ 91 1792 232 462/233 402anil.dhiman@ethoswatches.comVisit Website