How to check the Ethos IPO allotment status?
When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. This is also true in the case of the Ethos IPO.
The Ethos IPO’s closing date is 20 May 2022. The Ethos IPO’s allotment date has been set five days later, on 25 May 2022.
Here’s a step-by-step guide on how to check the Ethos IPO allotment status:
About Ethos IPO
In 1984, the Saboo family set up a factory to manufacture watch components. Then in 2003, they decided to venture into retailing of watches and opened their first luxury retail watch store – Ethos – in Chandigarh. Since then, the luxury and premium watch retailer has become one of the largest players in this space.
It commands a healthy market share of 20% in the luxury watch retail segment and 13% in the premium and luxury watch retail segment in India. It retails watches of 50 brands including Bvlgari, Carl F. Bucherer, Rado, Tissot, Jaeger LeCoultre, Panerai, Omega, Raymond Weil, Louis Moinet, IWC Schaffhausen, H. Moser & Cie, Longines, Baume & Mercier, Oris SA, Corum, and Balmain.
Over the years, the brand has built a pan-India presence with 50 stores spread across 17 cities. Ethos has even opened boutiques in partnership with prominent and leading brands, like Rolex.
The company also focuses sales through the online route. The website offers more than 7,000 premium (₹0.25 lakh - ₹1 lakh per watch), bridge to luxury (₹1 lakh - ₹2.5 lakh per watch), luxury (₹2.5 lakh - ₹10 lakhs per watch) and high luxury (₹ 10 lakhs and above per watch) watches across brands. And in 2021, its website had 2.1 crore visitor sessions.
Now, this company is all set to launch the Ethos IPO and list on the bourses. The proceeds from the Ethos Ltd IPO will be used for paring debt, funding working capital requirements, setting up of new stores and renovating existing outlets.
Here are the key details about Ethos IPO:
Here’s a table highlighting the company's key financial metrics
Here’s a quick look at Ethos IPO’s strengths, risks and threats
Risks and threats
Ethos IPO details
| Ethos IPO date
The offer document filed by the company with the SEBI mentions that the Ethos IPO’s opening date – in other words, the Ethos IPO launch date – will be on 18 May 2022. The Ethos IPO closing date is 20 May 2022. After this, investors will be updated about the allotment status on 25 May 2022.
Investors, who have been allotted shares, can expect them to be credited in their demat account on 27 May 2022. The Ethos IPO listing date is 30 May 2022. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE.
| Ethos IPO price band
The entire IPO is a book-built issue. The Ethos IPO price band has been set between ₹836 and ₹878 per share. Interested investors can choose a price within this band to apply for the IPO.
The Ethos IPO listing price will be determined on 30 May 2022. The listing price is the price at which the shares of a company make their debut on the stock exchanges.
| Ethos IPO lot size
The Ethos IPO details have been declared. The Ethos IPO lot size is set at 17 shares, and an investor can apply for a minimum of 1 lot. Individual investors applying under the retail category can only apply for up to 13 lots (221 shares). Meanwhile, the Ethos IPO issue size is ₹472 crore.
How to apply for the Ethos IPO?
If you are interested in this investment opportunity but unsure how to apply for the Ethos IPO, here we are listing out the steps for you.
Here’s a step-by-step guide on how to apply for the Ethos IPO on Upstox:
Open a demat account with Upstox to apply for the Ethos IPO
To apply for the Ethos IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.
Here is a step-by-step guide on how to open a demat account with Upstox.
This is all it takes to open a demat account with Upstox. Easy and quick, right?
Upstox – trading app to apply for the Ethos IPO
Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India.
You can apply for the Ethos IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero.
In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.
Pre-applying for the Ethos IPO means applying for this public issue before it goes live. Click here and follow these steps to pre-apply for the Ethos IPO on Upstox.
You can pre-apply for the Ethos IPO from 17 May 2022. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
Click here to apply for the Ethos IPO on Upstox. You can also download our app. Then click here and follow these steps.
The Ethos IPO launch date is 18 May 2022. The Ethos IPO will be open for subscription till 20 May 2022.
The Ethos IPO lot size is 17 shares and the minimum investment required is ₹14,212.
The Ethos IPO price band is ₹836-₹878 per share.
The size of the Ethos IPO is ₹468- ₹472 crore.
You can place up to three bids for an application.
No, the bids have to be placed at one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
If the shares are allotted, then they will be credited to your demat account on 27 May, 2022. Click here and follow the steps to check the allotment status.
Shares of Ethos will list on BSE and NSE.
Ethos shares listing date is 30 May 2022.