Ethos Limited IPO GMP Today, Lot Size, Share Price, Lot size, Allotment: Ethos has set a date for its initial public offering (IPO), which will begin on May 18, 2023, and end on May 20, 2023. Ethos Limited IPO is predicted to rise by approximately Rs 472.29 crores through an initial public offering (IPO) of up to 1,108,037 equity shares. The retail quota is set at 35%, with QIB at 50% and HNI at 15%.
Ethos Limited IPO
Ethos Limited is India’s leading luxury and premium watch store. The company delivers high luxury timepieces through websites, social media channels, and physical stores. Ethos Limited focuses on an omnichannel approach, allowing customers to order products offline and online.
Customers can buy products in one store and return them to another or browse product catalogs and place orders online with doorstep delivery. Jaeger LeCoultre, Panerai, Bvlgari, H, Omega, IWC Schaffhausen. Oris SA, Corum, Carl F. Bucherer, Tissot, Raymond Weil, Louis Moinet, Moser & Cie, Rado, Longines, Baume & Mercier, and Balmain are among the company’s 50 luxury watch brands.
As of December 2023, the company has 50 retail locations in India, including New Delhi, Mumbai, Bengaluru, Hyderabad, Chennai, Kolkata, Chandigarh, Ahmedabad, Jaipur, Lucknow, Gurgaon, Guwahati, Ludhiana, Nagpur, Noida, Pune, and Thane.
There are 14 Ethos Summit Stores and one Airport store, 15 multi-brand outlets and 10 Ethos Boutiques, 9 luxury segment mono-brand boutiques providing a single luxury watch brand, and one CPO luxury watch lounge for pre-owned watches among the 50 stores.
Customers can place orders for products either offline or online and have the flexibility to buy products at one store and return to another, or put purchases online with doorstep delivery, thanks to the company’s integrated offline and online channels.
Ethos Limited IPO GMP
The Ethos IPO Grey Market Premium has begun with low premium rates; we must wait for the rates to change with market sentiment in a few days or for the rates to stabilize.
Ethos Limited IPO Share Price
The Ethos Limited Price Range is reasonably high priced, its price range is ₹836 to ₹878 per share. This IPO raised ₹472.28 crore for the company. The IPO would include a ₹375.00 crore new issuance and a ₹97.28 crore offer for sale. The price range for this IPO has been set at ₹836 to ₹878 per share by the company. In this IPO, the corporation has set aside 50 percent for QIB, 35 percent for retail, and 15 percent for NII.
Ethos Limited IPO Allotment
Ethos Limited IPO Form
There are two ways to apply for Ethos Limited’s initial public offering. You can apply for Ethos Limited’s initial public offering (IPO) using your ASBA account. To apply for Ethos Limited IPO, connect to your online bank login and pick Ethos Limited IPO in the Invest area. You can also apply for Ethos Limited IPO by downloading IPO forms from the NSE and BSE.
Ethos IPO Objectives
- Repayment or prepayment, in whole or in part, of all or some of the company’s borrowings – INR29.9 crore
- INR235 crore in working capital is required.
- INR33.3 crore for new store openings and renovations of existing locations
- INR 2 crore for ERP software upgrade
- Corporate mission statement
Pros And Cons of Ethos Limited IPO
Pros:
- Access to a huge number of high-end clients
- The store network is strategically positioned and well-invested, with an appealing in-store experience
- Position of leadership in a lucrative luxury watch market.
Cons:
- The bulk of suppliers does not have final agreements for product supply or established terms of trade.
- The success and reputation of third-party brands around the world are important to the business.
Risks Associated with Ethos Limited IPO
The Ethos IPO has been much anticipated, but there are some risks to consider before investing. The company is unprofitable and has a limited operating history. Additionally, the share price is relatively high, and the lot size is small, which can make it difficult to sell your shares if you need to. Finally, the allotment process is complicated and there is no guarantee you will receive the shares you want.
Conclusion
We provided you with all the information about the Ethos Limited IPO which is coming out soon. You are now aware of its pros and cons, so, choose wisely.
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