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.

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Ethos Ltd. IPO Details

Check out the issue details for Ethos Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 878

Price Band

₹ 836 - 878

Issue Size

472.29 Cr.

Issue Type

Book Built

Open

2022-05-18

Close

2022-05-20

Listing price

₹ 825

Listing Gain

-6.04%

Listing Date

2022-05-30

CMP

₹ 2728.4

Current Return

210.75%

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 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Net Sales 577.28 788.53 997.93 1251.63 1612.6
Total Expenditure 506.69 669.57 841.47 1054.61 1399.6
Operating Profit 70.59 118.96 156.45 197.02 213
Other Income 13.48 15.49 22.17 24.89 40.52
Interest 21.45 20.15 21.98 27.44 37.58
Depreciation 31.41 34.53 48.07 62.91 86.75
Exceptional Items 0 0 0 0 -1.72
Profit Before Tax 31.21 79.77 108.58 131.55 127.47
Provision for Tax 7.84 19.97 27.29 33.3 32.55
Net Profit 23.36 59.8 81.29 98.25 94.92
Adjusted EPS (Rs.) 1.18 2.47 3.21 3.88 3.55

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity and Liabilities
Share Capital 19.08 23.35 24.48 24.48 26.76
Total Reserves 212.78 607.83 857.48 955.6 1454.71
Borrowings 27.64 7.12 1.88 0 0
Other N/C liabilities 72.55 83.04 104.8 228.25 243.27
Current liabilities 166.35 150.55 172.76 177.72 256.52
Total Liabilities 498.41 871.88 1161.41 1386.05 1981.26
Assets
Net Block 128.98 196.93 229.11 390.24 467.35
Capital WIP 0 4.01 7.02 29.81 10.85
Intangible WIP 0 0 1.54 0.04 0
Investments 5.81 6.99 30.11 45.94 47.47
Loans & Advances 27.36 20.67 25.52 37.15 47.31
Other N/C Assets 0.39 8.77 8.31 0.08 1.97
Current Assets 335.87 634.49 859.79 882.8 1406.3
Total Assets 498.41 871.88 1161.41 1386.05 1981.26
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Other Income 5.72 10.52 13.16 11.13 10.72
Profit Before Tax 27.4 30.99 41.18 27.9 37.61
Tax 7.09 7.79 10.55 7.12 9.62
Profit After Tax 20.3 23.2 30.63 20.78 27.99
Adjusted EPS (Rs) 8.29 8.67 11.45 7.77 10.46

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Jun 2026 50.59 0
Mar 2026 50.59 0
Dec 2025 50.58 0
Sep 2025 50.59 0
Jun 2025 50.58 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Profit from operations 31.21 79.77 108.58 131.55 127.47
Adjustment 37.33 34.18 42.41 59.47 75.91
Changes in Assets & Liabilities -42.34 -98.84 -92.67 -177.54 -61.39
Tax Paid -9.34 -19.9 -27.23 -34.23 -39.51
Operating Cash Flow 16.86 -4.8 31.09 -20.74 102.48
Investing Cash Flow -23.25 -254.05 -123.18 44.55 -372.15
Financing Cash Flow 26.53 248.59 124.5 -58.31 329
Net Cash Flow 20.13 -10.26 32.41 -34.51 59.32
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