Fundamentally interesting is there in the company and valuation is also streched but two big players can be spotted in pre IPO shareholding i.e Mukul Aggarwal and Sunil Singhania. What they can spot which we are failing to look? It gives vibe of Stove Kraft. No plan to apply as of now. Khela hobe 😂😂
39. Eagleye| Link| Bookmark|
May 17, 2022 7:24:41 PM
IPO Guru (6600+ Posts, 22000+ Likes)
The company is very small as compared to other listed retail players and focused on one category (currently), but there is scope for growth in future. On current valuations, it looks attractive on EV/EBITDA and EV/Sales basis.
Ethos Ipo ki watch leni chahiye ya nahi listings tak chalegi? Vibhor,sonal patel ji,ipobull,eVA, avenue, Dinesh ,suneel ,mravi, lokes,arunarun,ipo analysis,pkraj,anantagg,aniket, noorul, learnersk,hostpacker,earthking, pRAce,lomdiji, eagle & owels eyes and all
I remember there was a big case against this brand in consumer forum for selling counterfeit luxury watches, this was around 1 decade back. hope they've mend their ways by now.. but a big big no for me.
Ethos maintains that the street price to consumers i.e. after excise duty, GST, and discounts, is more or less comparable to other markets like London, Dubai, and Singapore. The company believes Indian consumers are realizing the same and prefer to make their luxury purchases within the country.
27.1. K.Atar| Link| Bookmark|
May 14, 2022 3:35:29 PM
IPO Guru (1000+ Posts, 700+ Likes)
With 50 stores Pan-India, Ethos is a leader among vertical specialist MBOs while other regional players have stores in-between 2-30 stores.
Recently ventured refurbished luxury watch business (‘secondmovement.com’) is seeing exponential growth. Supply-chain constraints for new watches as well as improved affordability, is leading to strong growth.
26.1. papon| Link| Bookmark|
May 14, 2022 8:28:28 AM
IPO Mentor (500+ Posts, 500+ Likes)
Good information but not interested. Business mein koi maja nahi aa raha hai. So i will not like to be a owner of this company
Market share gains in luxury watch retailing + incremental growth contribution from fast-growing pre-owned watch business [Rs27cr/12cr in FY22/FY21], should help company deliver strong and best-in-class top-line growth [much higher than the 13-14% industry growth].