Ethos IPO allotment status: Ethos IPO share allotment is likely to take place on Wednesday, May 25. The three-day initial public offer (IPO) of Luxury and premium watch retail player Ethos closed on May 20. The IPO was subscribed 1.04 times on the last day. The issue had received bids for 41.39 lakh shares against 39.78 lakh shares on offer. As per discount broker Upstox, refund initiation will begin on Thursday, May 26, 2022, and likely listing of shares on the bourses is expected on May 30.
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The three-day initial public offer (IPO) of Ethos IPO that opened for subscription on Wednesday, May 18, 2022, aimed to raise Rs 472.3 crore at the upper end of the price band. The IPO comprises fresh issue of equity shares aggregating to Rs 375 crore and an Offer-For-Sale (OFS) of up to 1,108,037 equity shares. The public issue has set a price band of Rs 836-878 a share for this issue. Investors were allowed to bid for a minimum of 17 equity shares and in multiples of 17 thereafter.
Meanwhile, as the share allotment is expected today, here is how Ethos IPO subscribers can check allotment status on BSE and registrar to the website KFintech.
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How to check Ethos IPO allotment status on BSE
Step 1- Login at BSE link — bseindia.com/investors/appli_check.aspx
Step 2- Enter IPO name- Ethos
Step 3- Enter the IPO application number
Step 4- Enter PAN card details
Step 5 – Click at ‘I’m not a robot’
Step 6 – Click at ‘Submit’ button
How to check Ethos IPO allotment status on KFintech website
1) Login at direct KFintech website — https://ris.kfintech.com/ipostatus/ipos.aspx
2) Select the IPO name (Ethos) from the drop down- LIC IPO
3) Now select application number/DPID/Client ID/PAN
4) Enter application number followed by Captcha code
5) Now Click at ‘Submit’ option and your IPO application status will become available on your computer monitor or Smartphone screen.
ICICI Prudential Mutual Fund, Jupiter India Fund, Saint Capital Fund, Nomura Singapore and UPS Group Trust are among the anchor investors
The company plans to use proceeds from the fresh issuance for repayment of debt, funding working capital requirements, opening new stores and general corporate purposes.
Ethos has the largest portfolio of premium and luxury watches in India and retails 50 premium and luxury watch brands like Omega, IWC Schaffhausen, Jaeger LeCoultre, Panerai, Bvlgari, H. Moser & Cie, Rado, Longines, Baume & Mercier, Oris SA, Corum, Carl F Bucherer, Tissot, Raymond Weil, Louis Moinet and Balmain. Under the brand name Ethos, it opened its first luxury retail watch store in January 2003 in Chandigarh.
