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IPO

Ethos Ltd.

Ethos Ltd is India’s largest luxury and premium watch retail player delivering a content-led luxury retail experience to our customers through online and physical presence. The company delivers premium luxury watches through websites, social media platforms and physical stores.

RHP
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DRHP
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Open Date

2022-05-18

Close Date

2022-05-20

Company Financials

You can get the following financial statements of Ethos Ltd. as of now.

Subscription Details

The details about the Ethos Ltd IPO is as:

  • The issue size of the IPO is 472.29 Cr.
  • The price band for Ethos IPO is Rs 836 to Rs 878.
  • The shares of Ethos IPO will list on 30th May 2022.
  • The latest tentative GMP of Ethos IPO is Rs 10.
  • The shares of Ethos Ltd IPO has been subscribed 1.04 Times as of 20th May 2022.

Ethos Ltd IPO Valuation

The approx valuation of Ethos Ltd IPO based on its price band and RHP/DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 878
Existing Shares (Qty) 1.90 Cr
Fresh Issue (Amount) 375 Cr
Market Cap 2043.2 Cr
EPS  Rs 3.18
PE Ratio 276x

 

Ethos Ltd IPO Issue Size

Ethos Ltd IPO issue size is 472.29 Cr.

Issue Amount
Fresh Issue 375 Cr
Offer For Sale 97.29 Cr

 

Ethos Ltd IPO Market Lot

An Individual can apply for a minimum 1 lot of 17 shares and a maximum of 13 lots of 221 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 17 Rs 14,926
 Maximum 13 221 Rs 1,94,038

 

Ethos Ltd IPO Offer

The shares of Ethos Ltd IPO has been subscribed 1.04 Times as of 20th May 2022.. The category-wise shares subscription are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 1.06 Times
Non-Institutional Minimum 15% 1.48 Times
Retail Individual Minimum 35% 0.84 Times
Total   1.04 Times

 

Ethos Ltd IPO Grey Market Premium

As on GMP (Tentative)
18 May 2022 Rs 10

It is purely for informational purposes and invest in an IPO after thoroughly researching on your own.

 

Allotment Details

Find below the dates for Ethos Ltd IPO:

Schedule Date
Basis of Allotment 25 May 2022
Refunds 26 May 2022
Credit to Demat Account 27 May 2022
IPO Listing Date 30 May 2022

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 356.09 441.79 457.85 386.57 577.28
Total Expenditure 339.06 409.11 404.83 344.9 506.69
Operating Profit 17.04 32.67 53.01 41.67 70.59
Other Income 1.76 1.57 6.38 16.97 13.48
Interest 9.51 11.01 23.57 19.87 21.45
Depreciation 4.07 4.77 34.58 32.47 31.41
Exceptional Items 0 0 0 0 0
Profit Before Tax 5.21 18.46 1.25 6.3 31.21
Provision for Tax 1.21 7.26 1.21 1.66 7.84
Net Profit 4 11.2 0.04 4.64 23.36
Adjusted EPS (Rs.) 0.25 0.66 0 0.25 1.22

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 23.41 24.4 18.21 18.21 19.08
Total Reserves 68.2 107.31 134.34 138.92 212.78
Borrowings 11.09 16.2 15.76 17.08 27.64
Other N/C liabilities -1.37 -4.71 74.85 63.33 72.55
Current liabilities 145.88 150.42 176.73 149.91 166.35
Total Liabilities 247.21 293.62 419.89 387.46 498.41
Assets
Net Block 16.74 21.59 128.16 112.44 128.98
Capital WIP 0.37 4.4 0.7 3.76 0
Intangible WIP 0 0.38 0.06 0.06 0
Investments 0.43 0.43 3.77 4.36 5.81
Loans & Advances 14.23 12.27 10.33 10.58 26.32
Other N/C Assets 5.51 4.8 2.6 1.05 1.44
Current Assets 209.94 249.75 274.26 255.22 335.87
Total Assets 247.21 293.62 419.89 387.46 498.41
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2022 Jun 2022 Sep 2022
Other Income 2.6 2.23 3.81
Profit Before Tax 9.95 16.94 17.99
Tax 2.15 4.31 4.48
Profit After Tax 7.79 12.63 13.51
Adjusted EPS (Rs) 4.08 5.41 5.79

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2022 65.16 0
Jun 2022 65.16 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 5.21 18.46 1.25 6.3 31.21
Adjustment 10.65 10.89 50.79 32.96 37.33
Changes in Assets & Liabilities -17.66 -45.08 -12.19 25.41 -42.34
Tax Paid 0.69 -6.51 -5.07 -2.28 -9.34
Operating Cash Flow -1.11 -22.25 34.78 62.38 16.86
Investing Cash Flow -11.83 -13.12 -12.65 -10.16 -23.25
Financing Cash Flow 11.07 35.46 -19.62 -44.88 26.53
Net Cash Flow -1.87 0.1 2.5 7.35 20.13
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