Ethos has debuted at Rs 830.00 on the BSE, down by 48.00 points or 5.47% from its issue price of Rs 878.
The scrip is currently trading at Rs 808.00, down by 70 points or 7.97% from its issue price. It has touched a high and low of Rs 839.65 and Rs 796.80 respectively. So far 0.63 lakh shares were traded on the counter.
Ethos IPO received tepid response from investors and was subscribed 1.04 times. Ethos IPO received bids for 41.39 lakh shares against the 39.78 lakh shares that were on offer. Ethos IPO was opened for subscription from May 18, 2022 and will close on May 20, 2022. The issue price was fixed at Rs 878 per share i.e. at upper end of price band of Rs 836-878 apiece.
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.
