Ethos Limited IPO Message Board (Page 3)

Full page Ad of Ethos IPO is coming on Front page of The Economic Times.

And they want to recover the Ad expenses from us.

Today again full page ad😂😂
Still not getting subscribed 🤣🤣

ETHOS- clear Cut avoid. even it list in premium which i don't think so, it will go down heavily. AVOID. coming up with Hefty valuations. Company financial track record good. profit making company. No direct competition in listed market AS PER THEIR rhp . Almost debt free after this issue. High profile investor ABbakkus( Sunil singhania), Mukul Aggarwal. But only reason why i am avoiding is valuations. and also its a trading business. I would prefer manufacturer of watch rather than trading WATCH company. AVOID.

@JETHALA....EVEN IF I AM NOT WRONG.....ABBAKKUS WAS IN KRISHNA DIAGNOSTICS TO....SO WE CAN'T FOLLOW ANYONE BLINDLY.

@JETHALAL SO YESSS. I AGREE WITH YOUR POINT SIR.

SEBI should do some study of application which don't bank the IPO applications. Suspect that lot of fraud applications are being front ended to mislead genuine retail applicants

@AMIT IND,,

I shared it from BoA , most of time this document will update in this forum itself. I am not sure about withdrawal part,

The 29X mentioned in BoA is after considering spillover from undersubscribed category. So the valid subscription will be more than 29X ( I didn't do any math)

Rainbow BoA is available at
https://www.chittorgarh.com/ipo_basis_of_allotment/rainbow-children-medicare-ipo/1250/

I still don’t understand why they give 24-48 hours to accept the mandate after IPO closes. For any category all money and mandate should be in before the close of the issue. By this we get correct subscription figures.

It’s a big game being played out to trap genuine retail investors.

In past few years how many companies have issues shares less than upper hand or issue has bombed. Do you think lead managers are so brilliant that they always price it right. This clearly shows that all IPOs are managed by giving kickbacks like cash or kind to big guys like grey market operators, mutual fund managers, big NIIs - to get it subscribed. Before the lower and upper range was limited but recently they increased the spread and we have to suffer as every issue is managed at upper limit. Why not make it fixed price instead of this eyewash. If you look at last 10-15 years more than 80 percent of issues are trading below their issue price or have vanished. Now we have these new loss making new gen stocks coming with hefty valuations. CCI regime was good as using that formula the pricing was reasonable. This open market - demand supply formula is wrong. There should be enough restrictions to save small investors. Also the OFS needs to be looked into. Hope SEBI wakes up.

KDDL Ltd i.e Promoter/Parent company of Ethos which holds 65% of Ethos Ltd(Pre IPO) rose 300% in last one year.
Mukul Aggarwal (Asha Mukul Aggarwal) holds 3.44% in KDDL Ltd and holds similar in Ethos Ltd. Sunil Singhania too joined him in Pre-Ipo allotment.
I am just putting facts & figures.
I am not applying and I don't have positive view about this IPO.

Clear AVOID!

GMP -10

Looking at discounts to IPO prices of recent IPOs and aggressive price of this issue i expect retail will take care at time of approving UPI mandate
Recently in LIC IPO nearly 10 lakh plus applicant did not approve UPI mandate (not banked the applications)

Not applying this pricy bet.

An extremely overpriced IPO, flat growth, paper thin margin, pure trading business, no long term and exclusively contract with supplier.
Don't burn your money in retail shop IPO.

i cant afford this largest luxury and premium P/E ipo

Looking from here...Difficult to sail through....

A retail shop want public money @ P/E ratio higher than LIC !!
:)

Big avoid, will skip this.

The company being the leading luxury watch Omnichannel retail player in India has access to a large base of luxury Customers. The company enjoys a leadership position in an attractive luxury watch market with an early mover advantage in certified pre-owned businesses. Also, Ethos being a Founder-led company is supported by a professional management team. With strong growth prospects, we believe the company to be a candidate for long-term investment purposes.

Strict AVOID.

Completely avoid IPO.

No if and but

Why should we apply in a watch store with such hefty premium. Issue will sail through management . Remember rainbow. this should be totally avoided.

Ganesh ji
Bilkul nahi lagana chahiye aur lagao toh grey market me sell kar do
Ye 2 naam chhor kar kuchh badhiya nhi hai company me ab pata nhi inhe kya dikha jo hum nahi dekh paa rhe hai.
Disclaimer: I am out of this IPO.

@ jetha lal ji grey mai kal mast chance miss ho gaya 46 chal raha tha ajj 19 ho gaya

Don't even think to apply in Ethos, just remember the LIC. The slogan of this company's management
Ram Ram Japna, Public ka Maal Apna.

Rs 350 ka maal hum 878 mein kyon le
Clear avoid

agree. Selling on basis of grey. Retail subscribers don't rely too much on gmp

GMP 40/42