Ethos Limited IPO Message Board (Page 2)

We all forgot that this IPO also came.
All Retailers would have got 100% allotment.
Interesting to see how it lists.
Whether it turns out to be Prudent or Delivery.
Market is too mysterious anything can happen 😜

*Ethos Limited*

Listing Date : *Monday, May 30 2022*
ISIN : *INE04TZ01018*
BSE : *543532 (B Group)*
NSE : *ETHOSLTD (EQ Series)*
Total Shares : *2,33,49,233*
Face Value : *Rs 10*
IPO Price : *Rs 878*

Ethos issue has devolved. Yet issue has been priced at the upper end of price band. Complete mockery of book building process.

Ethos issue has devloved - yet priced at upper end of price band. Makes a mokery of book building process.

GMP -10

Next Delhivery.

or may be next prudent.....

may be.

IPO party is over for.few months better to buy large caps in secondary market

GMP -10

It should be more negative. Many application cancelled as per recent IPO pattern

Ethos IPO= Clear AVOID.
1. Too pricey. Not worth even Rs.200.
2. They don't manufacture a single piece of watch or clock. With high overheads in physical retailing, rising product prices, poor discounts and falling margins- I hardly see physical watch retailing a profitable business.
3. The promoter group, Kamla Dials, has poor reputation in watch industry.

My views!

Next Prudent 😂

Stock not even worth Rs 50

Clear Avoid.. Where good IPOs get 10-20-30x subscriptions, Ethos IPO is hardly subscribed in all categories. Ethos issue price is highly Overpriced @ 878. It's value is not more than 400-500. It's family business of Saboo family, where 15-20 family members are involved in selling watches through some 50 odd shops and churning handsome money through remuneration. Due to high salary/incentives drawn by family and also due to rental cost of shops, their Profit margins are very low at ~4%. They are dependent on selling watches through their shops only as customers don't buy such costly watches Online. So they are completely out of place when it comes to this era of Digital world. Moreover, during Covid times their Shops remain closed.

Shops are on rental basis and they spend huge amount on its look and feel and infrastructure. This huge amount spent on Infrastructure gets wasted as they keep on Closing earlier shops and Opening new shops due to lack of business sense. Their No. of shops are revolving around 50 only from last 6-7 years, whereas they have closed and opened many shops in between. This is quite visible from their earlier investor presentations which are part of parent company KDDL. It's a Show business without any direction. BIG NO.

This stock will list at discount and every one will forget its name even. Even if someone is applying hoping for a 5% gain. Why apply here? Everyday we get 5% gain in some of the secondary market shares like Adani Power.

I am applying Ethos IPO for Short term 1-2 months for 5-7%
( Assuming Market to Stable at 15700-16200)
Main Panic To start from US market will may lead to 15200.

I will See Lisitng and Do Review.
SL 800

Only Risk Taking Investors Shall Apply with Limited shares
Valuation is Little Stretched.

GMP: 6
Rajkot Broker Association

I am also gambling for 1 lot.
Assuming 5% listing gain or loss.

Risk he To Ishq he ....

Clear Avoid.

Will be penny stock in near by future.

Looks like difficult to sail through , may be OFS fund will rescue them.

Oh more than three fourth of retailer cancelled application but scraped through by reducing size and underwriting by BRLMs

Good
Let BRLMs have taste of their own pricing

BRLMs may have collected good fee for this hefty pricing , which they would now feel the pinch.

The investors who bid for lower price is not allocated which I feel it is not fair . What is the purpose of having price band , the issuer are always allowed set high price (878) even though the subscription was not full. This looks like some loop hole.

QIB subscription again cleared this IPO with HNI support.
Retail anyway keep away from this and many of them who applied will not even approve UPI mandate.

And retailers will get firm allotment and condition may be like Prudent today.
Who are these people who jump on every IPO?

Skipped completely.

@Nurool@lokes@Eagleeye
Pls guide that how can we see that QIB have withdrawn their applications after issue is closed, as figures in current subscription and post subscription vary.
Thanks in advance.

hey @Amit

As @lokes said, there is no way to find out actual subscriptions before BOA.

@lokes FYI as well.

But, actually NIIs & QIBs are not allowed to cancel the application or reduce the lots applied. I was also wondering how Bajaj was able to mark lien on the next day after the IPO is closed for subscription. I came to know recently, there is a technical glitch that is allowing Bajaj or any QIBs to cancel the IPO application after the subscription & so, we see an difference in the subscription numbers after the subscription closure which should not be the case for NII & QIBs.

https://www.businesstoday.in/markets/ipo-corner/story/sebi-presses-pause-button-on-ipos-until-bidding-system-is-corrected-332900-2022-05-09

Even all this is unclear and gloomy...
"SEBI is believed to have" and in chittorgarh reply "SEBI has informally".... there is no clarity, no circular or notice.... New IPO keep coming who is stopping even rubbish IPOs... Even in unlikely case of SEBI acting smart and blocking these fake subscription, Increasing UPI limit to 5 lacs will be a easy tool to manipulate subscription and this has been allowed recently without doing homework...Whatever SEBI intends to do may be is right and necessary, but the actions, procedure and applications of changes is certainly not correct...

Nothing interesting to apply here...it should mostly be available below issue price at some point of time after listing.....
it has high valuations, unstable financials , and not a promising sector.....

I am also skipping this too.
May follow Prudent's path if not worse... My guess only...

ya just due to some initial big buy orders at last moment in preopen, prudent made to list positive but now closed around 11% down.....
this ethos is not even worth of applying in retail also in my opinion.....rest lets see if any operator/promoter game here or not on listing :)

No need of any discussion. If you want to save your money, avoid. Even if it lists positive, should be no regret. Risk/ reward ratio looks highly unfavorable.

Violence violence violence , I don't like it. So
I avoid