Ethos Limited IPO Details
Company All Details
Founded
2007
Managing Director
Managing Director of The Company, Yashovardhan Saboo.
Company Promoters:
Promoters of the Company, YASHOVARDHAN SABOO; KDDL LIMITED AND MAHEN DISTRIBUTION LIMITED.
About the company.
The Company was originally incorporated as ‘Kamla Retail Limited’ under the provisions of Companies Act, 1956, at Parwanoo, Himachal Pradesh, pursuant to the certificate of incorporation dated November 5, 2007, issued by the Assistant Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh. Subsequently, the name of our Company was changed to ‘Ethos Limited’ pursuant to a special resolution passed by the Shareholders of our Company on March 2, 2012, and a revised certificate of incorporation was issued by Registrar of Companies, Himachal Pradesh on March 5, 2012. For further details in relation to change in name and Registered Office of the Company, see “History and Certain Corporate Matters” on page 216
It is India’s one of the largest luxury and premium watch retail player having 13% share of the total retail sales in premium and luxury segment and a share of 20% when seen in exclusively luxury segment in the financial year 2020. In addition to its chain of 50 physical retail stores in 17 cities in India in a multi store format, It offers an Omni channel experience to its customers through the website and social media platforms. It has the sizeable portfolio of premium and luxury watches in India enabling to retail 50 premium and luxury watch brands like Omega, IWC Schaffhausen, Jaeger LeCoultre, Panerai, Bvlgari, H. Moser & Cie, Rado, Longines, Baume & Mercier etc. On its website visitors can research about the latest watch launches, reviews and choose from over 7,000 premium, bridge to luxury, luxury and high luxury watches across 50 brands its website had 21,844,216 number of visitor sessions.
Objects Of The Offer:
- Repayment or pre-payment, in full or in part, of all or certain borrowings availed by our Company;
- Funding working capital requirements of our Company; and
- Financing the capital expenditure for (i) establishing new stores and renovation of certain existing stores and (ii) upgradation of enterprise resource planning software.
- General corporate purpose.
Ethos Limited IPO Details:
Issue Amount : Upto Rs 472 Cr.
Total shares on offer : Upto #11,08,037 Equity Shares
Face Value : ₹10 per share
Price Band : ₹836 to ₹878
Lot Size : 17 shares
IPO Registrar : KFIN TECHNOLOGIES PRIVATE LIMITED.
Ethos Limited IPO Timeline, IPO Open Date, Listing Date, Refund Date
| IPO Open Date | 18 May 2022 |
| IPO Close Date | 20 May 2022 |
| Time | 10 AM to 5 PM |
| Basis of Allotment Date | 25 May 2022 |
| Initiation of Refunds | 26 May 2022 |
| Credit of Shares to Demat Account | 27 May 2022 |
| IPO Listing Date (Trading commence) NSE & BSE | 30 May 2022 |
Offer Breakup
| Category | Allocation |
|---|---|
| Qualify Institutional Bidders (QIB) | 50% |
| Non Institutional Byers (NIB) | 15% |
| Retail Individual Investor (RII) | 35% |
| Employee | – |
Important Financial Data:
For the year/period ended (₹ in Crore) Last Three Year
| Particulars (in ₹ Crore) | As at March 31, 2021 | As at March 31, 2020 | As at March 31, 2019 |
|---|---|---|---|
| Total Assets | 392 | 422 | 369 |
| Total Revenue | 403 | 461 | 4,397 |
| Net Profit & Loss for the period | 6 | -1 | 10 |
Prospectus Document:
Download RHP File
Download DRHP File
Ethos Limited IPO?
Issue Amount : Upto Rs 472.29 Cr.
What is Ethos Limited IPO?
Ethos Limited IPO is a main-board IPO. They are going to raise ₹ 472.29 Crores via IPO. The issue is priced at ₹ 836 to ₹ 878 per equity share. The IPO is to be listed on BSE & NSE.
Ethos Limited IPO Open?
18 May 2022 to 20 May 2022.
Ethos Limited IPO Will open?
The IPO is to open on 18 May 2022 for QIB, NII, and Retail Investors.
Company Address
Registered Office: Plot No. 3 Sector- III,
Parwanoo Himachal Pradesh -173 220;
Telephone: + (91) 1792 232 462/233 402
Corporate Office: Kamla Centre, S.C.O.
88-89, Sector 8-C Madhya Marg, Chandigarh 160 009;
Telephone: + (91) 172 2548223/24
Contact Person: Anil Kumar, Company Secretary and
Compliance Officer; Telephone: + (91) 9780687553
E-mail: anil.dhiman@ethoswatches.com;
Website: www.ethoswatches.com;
Ethos Limited IPO Registrar
KFIN TECHNOLOGIES PRIVATE LIMITED
Selenium, Tower B, Plot No- 31 and 32, Financial District,
Nanakramguda, Serilingampally,
Hyderabad, Rangareedi 500 032, Telangana
Tel: +91 40 6716 2222/ 180034 54001
E-mail: ethosltd@kfintech.com
Investor grievance e-mail: einward.ris@kfintech.com
Website: www.kfintech.com
Contact person: M Murali Krishna
SEBI Registration No.: INR000000221
How to apply on Zerodha, Ethos Limited IPO through Zerodha?
Zerodha customers can apply online in Tarsons Products IPO using UPI as a payment gateway. Zerodha customers can apply in Ethos Limited IPO by login into Zerodha Console (back office) and Select an I.P.O application form.
Steps to apply in Ethos Limited IPO through Zerodha.
1. Visit the Zerodha website or Kite App and login to Zerodha.
2. Go to Console area and click the IPOs link.
3. Go to the ‘Ethos Limited IPO’ row and click the ‘Bid’ button.
4. Enter your UPI ID, Quantity, and Price.
5. ‘Submit’ IPO application form.
6. After Successfully submitting application, Visit the UPI App and approve the mandate (Enter your UPI pin & pay the ipo amount)
7. IPO application is complete you can chek status on zerodha console.
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