Ethos IPO Date, Lot Size and Price

Ethos, a luxury watch retailer, will launch Ethos IPO on 18 May 2022. The management announced that the Ethos IPO price band will be between Rs 836 and Rs 878 per share.

Ethos IPO

Ethos IPO Details

IPO Opening DateMay 18, 2022
IPO Closing DateMay 20, 2022
Price BandRs 836 to Rs 878 per share
Lot Size17 Shares
Issue Size (Rs. Cr.)(To be announced) shares of Rs. 10 (aggregating up to Rs. 472.29 Cr)
Fresh Issue(To be announced) shares of Rs. 10 (aggregating up to Rs. 375.00 Cr)
Face ValueRs. 10 per equity share
Issue TypeBook Built Issue IPO
Exchange BoardBSE, NSE
Offer for Sale1,108,037 shares of Rs. 10 (aggregating up to Rs. 97.29 Cr)
QIB Shares Offered50% of the net offer
Retail Shares Offered35% of the net offer
NII (HNI) Shares Offered15% of the net offer
Basis of Allotment DateMay 25, 2022
Initiation of RefundsMay 26, 2022
Credit of Shares to Demat AccountMay 27, 2022
Ethos IPO Listing DateMay 30, 2022

Ethos IPO Date

On Wednesday, 18 May 2022, the Ethos IPO will open for subscription. The company stated in a virtual news conference that the three-day inaugural share sale would close on 20 May 2022.

Ethos IPO Price Band

Ethos Limited, a watch retailer, has set a price range of Rs 836 to Rs 878 per equity share for its first public offering (IPO). With 50 premium locations across India, Ethos Watches is the country’s largest chain of luxury watch boutiques.

Ethos IPO Lot Size

The IPO lot size for Ethos Limited is 17 shares. An individual retail investor can apply for up to 13 lots (221 shares or 194,038).

Ethos IPO Issue Size

Ethos IPO Issue Size is Rs 472.29 Crore and the issue Size consists of a Rs 375 crore issuance of new equity shares and a Rs 97.3 crore offer for sale (OFS) of up to 11.08 lakh equity shares by existing shareholders and the promoter.

Ethos IPO Allotment Date and Listing Date

The IPO for Ethos will open on 18 May 2022, and IPO close date is 20 May 2022. The Ethos IPO Allotment Date is 25 May 2022. This IPO will take 5 days to list. The IPO Listing Date of Ethos IPO is 30 May 2022.

About Ethos Limited IPO

Ethos Limited is India’s leading luxury and premium watch store. The company sells high-end luxury timepieces online, on social media, and in physical locations. Ethos Limited focuses on an omnichannel approach, allowing customers to order products both offline and online. Customers can buy products in one store and return to another, or browse product catalogues and place orders online with doorstep delivery.

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 are among the company’s 50 luxury watch brands.

New Delhi, Mumbai, Bengaluru, Hyderabad, Chennai, Kolkata, Chandigarh, Ahmedabad, Jaipur, Lucknow, Gurgaon, Guwahati, Ludhiana, Nagpur, Noida, Pune, and Thane are among the company’s 50 physical retail stores in India. At any given time, Ethos Limited has 7,000 distinct quality watches and 30,000 watches in stock.

Promoters of Ethos IPO

The company’s promoters are Yashovardhan Saboo, KDDL Limited and Mahen Distribution Limited.

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Ethos IPO FAQs

What is Ethos IPO?

The Ethos Limited IPO is a main-board offering of [.] equity shares with a face value of ten rupees, worth up to Rs 472.29 crores. The stock is priced between Rs 836 to Rs 878 per share. A minimum order quantity of 17 shares is required.

The IPO opens on May 18, 2022, and closes on May 20, 2022.

The IPO’s registrar is KFin Technologies Limited. The shares will be listed on the BSE and NSE.

When Ethos IPO will open?

The Ethos Limited IPO opens on May 18, 2022 and closes on May 20, 2022.

What is the lot size of Ethos IPO?

The IPO lot size for Ethos is 17 shares, and the minimum order amount is 17 shares.

How to apply for Ethos IPO?

You can apply for the Ethos Initial Public Offering (IPO) online utilising UPI or ASBA as a payment option. The ASBA IPO application can be found in your bank account’s net banking. Brokers who do not provide banking services provide the UPI IPO application.

When Ethos IPO allotment?

The basis of allotment for the Ethos IPO will be finalised on 25 May 2022, and the allotted shares will be credited to your Demat account by 27 May 2022.

When is Ethos IPO listing date?

The Ethos IPO listing date is 30 May 2022. The tentative date of Ethos IPO listing is 30 May 2022.

Who is the registrar of Ethos IPO?

KFin Technologies Limited is the registrar for Ethos IPO.

What is Ethos IPO Price Band?

Ethos IPO price band is Rs. 836 to Rs. 878 per equity share.