Ethos IPO: On May 25, the leading luxury and premium watch retailer's share allocation procedure is most likely to take place. By checking in at the BSE website or the official website of the registrar, investors who have submitted applications for the public offering can check the allotment status of the Ethos IPO online. Kevin Technologies Limited serves as Ethos IPO's official registrant. The business intends to use the proceeds from the new issuance for general corporate objectives, debt repayment, meeting working capital needs, and opening new stores.
Ethos IPO: Subscription Status
A 1.04 times subscription was made for the Rs 472 crore IPO, which saw bids for 41,38,650 shares as opposed to the 39,79,957 shares that were offered. Non-institutional investors received 1.48 times as many subscriptions as qualified institutional buyers (QIBs), who received 1.06 times as many subscriptions, and retail individual investors (RIIs), who received 84 percent.
Ethos IPO: Financials
According to the "Industry Report on Premium and Luxury Watch Retail in India" from April 26, 2022, the Indian watch market, which was valued at Rs 13,500 crores in Fiscal 2020, is projected to increase at a CAGR of 10.6% to reach Rs 22,300 crores in Fiscal 2025. With a 13% market share of the organized market for premium and luxury watch retail, Ethos is the leading retailer of luxury timepieces in India. Retailer margins on premium watches range from 20% to 25%, while retailer profits on the bridge to the luxury category range from 25% to 28%. Luxury segments have a retailer margin of 20% to 35%. dated April 26, 2022, "Industry Report on Premium and Luxury Watch Retail in India, prepared by Technopak Advisors Private Limited." Anand Rathi Research's report shows that the company's sales increased by 3% in FY20 and decreased by 16% in FY21 (impacted by Covid-19). From FY19 to FY21, the EBITDA margins (profits before interest, taxes, depreciation, and amortization) fluctuated from 13 to 2 percent, while the PAT margins (profit after taxes) went from 10 to -0.3 percent. The EBITDA margin for the first nine months of FY22 was 10.9 percent, with revenue of Rs 420 crore.
Ethos IPO: GMP Today
According to market watchers, the grey market premium (GMP) for Ethos shares has decreased to a discount of Rs 10 today. On Tuesday, May 30, 2022, the company's shares are anticipated to list on the BSE and NSE stock markets.
Ethos IPO: Share Allotment
How to check Ethos IPO allotment status on BSE
Step 1: Log in at bseindia.com/investors/appli check. aspx, a BSE link.
Step 2: Enter Ethos as the IPO name.
Step 3: Type the application number for the IPO.
Step 4: Enter the PAN card information.
In step five, select "I'm not a robot."
Step 6: Press the "Submit" button. How to check Ethos IPO allotment status on the KFintech website
1) Access the KFintech website directly by logging in at https://ris.kfintech.com/ipostatus/ipos.aspx.
2) From the drop-down menu, choose the IPO name (Ethos) for the LIC IPO.
3) Choose your application number, DPID, client ID, or PAN now.
4) Type the application number and the Captcha code into the box.
5) Now Your IPO application status will be displayed on your computer or smartphone screen once you select the "Submit" button.
Following the completion of share allotment, it is anticipated that refunds will start on May 26 and that shares would be credited to lucky allottees' Demat accounts on May 27. The 30th of May 2022 is the most likely date for Ethos' IPO listing.