Ethos Ltd. IPO

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.

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.

 

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 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 457.85 386.57 577.28 788.53 997.93
Total Expenditure 404.83 344.9 506.69 669.57 841.47
Operating Profit 53.01 41.67 70.59 118.96 156.45
Other Income 6.38 16.97 13.48 15.49 22.17
Interest 23.57 19.87 21.45 20.15 21.98
Depreciation 34.58 32.47 31.41 34.53 48.07
Exceptional Items 0 0 0 0 0
Profit Before Tax 1.25 6.3 31.21 79.77 108.58
Provision for Tax 1.21 1.66 7.84 19.97 27.29
Net Profit 0.04 4.64 23.36 59.8 81.29
Adjusted EPS (Rs.) 0 0.25 1.22 2.56 3.32

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 18.21 18.21 19.08 23.35 24.48
Total Reserves 134.34 138.92 212.78 607.83 857.48
Borrowings 15.76 17.08 27.64 7.12 1.88
Other N/C liabilities 74.85 63.33 72.55 83.04 104.8
Current liabilities 176.73 149.91 166.35 150.55 172.76
Total Liabilities 419.89 387.46 498.41 871.88 1161.41
Assets
Net Block 128.16 112.44 128.98 196.93 229.11
Capital WIP 0.7 3.76 0 4.01 7.02
Intangible WIP 0.06 0.06 0 0 1.54
Investments 3.77 4.36 5.81 6.99 30.11
Loans & Advances 11.61 11.62 27.36 20.67 25.52
Other N/C Assets 1.32 0.01 0.39 8.77 8.31
Current Assets 274.26 255.22 335.87 634.49 859.79
Total Assets 419.89 387.46 498.41 871.88 1161.41
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Other Income 4.44 6.56 6.43 6.36 6.37
Profit Before Tax 24.65 34.49 25.37 30.82 28.57
Tax 6.21 8.64 6.36 7.86 7.23
Profit After Tax 18.44 25.84 19.02 22.96 21.34
Adjusted EPS (Rs) 7.9 10.56 7.77 9.38 8.72

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 51.21 0
Jun 2024 54.71 0
Mar 2024 55.72 0
Dec 2023 57.89 0
Sep 2023 63.82 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 1.25 6.3 31.21 79.77 108.58
Adjustment 50.79 32.96 37.33 34.18 42.41
Changes in Assets & Liabilities -12.19 25.41 -42.34 -98.84 -92.67
Tax Paid -5.07 -2.28 -9.34 -19.9 -27.23
Operating Cash Flow 34.78 62.38 16.86 -4.8 31.09
Investing Cash Flow -12.65 -10.16 -23.25 -254.05 -123.18
Financing Cash Flow -19.62 -44.88 26.53 248.59 124.5
Net Cash Flow 2.5 7.35 20.13 -10.26 32.41
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