Growth in the industry is going to be driven by growth in HNIs [start-up eco-system], price parity for watches vs. global prices, and wallet share shift towards luxury watches vs. only Jewellery earlier. Increasing tax watchdog should also drive higher domestic consumption.
Only luxury watch retailer to have a presence across Premium & Luxury Malls, Airports, and High Streets. Over the past four years, the average price for the luxury watch has increased from ~73,000 to 1.42 lacs. Club Echo loyalty program subscribed by 2.83 lac HNI’s as of March’22.
19.1. arunARUN| Link| Bookmark|
May 13, 2022 11:20:00 AM
IPO Guru (2000+ Posts, 1700+ Likes)
Let us see how many of their loyalty club member apply under HNI category. Should be easy for them. They can purchase luxury watches
The Corporate has to cheat the investors. For the sake of money respect doesn't matter. Money of investors is gone and they enjoy luxurious life. Why investors get themselves cheated. QIB and other help them go through. Why these absorbent prices allowed. Actually all online service provider companies not giving anything to the investors. Exceptions are always there.
18.2. antarix| Link| Bookmark|
May 12, 2022 7:39:09 PM
IPO Guru (1200+ Posts, 800+ Likes)
Company ki beijjati ko to log bhool jaenge but loss to investors will be forever. So, investors should have some self-knowledge/prudence to judge what they are getting for their money.
Read it again what I said and understand:). I am saying jab subscribe hi nahi hona so they should withdrew application before. Ismein loss to investors beech mein Kahan se aagaya.
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 vis-a-vis to e-commerce and falling margins- I hardly see "physical watch retailing" as a profitable business anymore. 3. The promoter group, Kamla Dials, has poor reputation in watch industry.
Dis: I've worked in Wrist Watch Retailing for 6 years.
Ethos in its Draft Prospectus claims that there is no listed peer for comparison. How far the statement is true? what about Titan? Valuation comments please..
Ethos is solely a retailer for luxury brands across India. It is true that they don't have any listed peers, as all their major competitors are private entities. Titan on the other hand, majorly caters to the economic segment, hence comparison of any kind wouldn't be justified.
ये सब दोगलापन है। इन्वेस्टर को कोई फर्क नही पड़ता आप किसी और की घड़ी बेचते हों या खुदकी। tu दूसरो की घड़ी बेचके कितना मार्जिन बना लेगा?
इसने क्या बोला मेरा कोई peer नही है। क्या सिर्फ तू ही घड़ी बेचता है।में इससे आउट हु।
16. antarix| Link| Bookmark|
May 12, 2022 4:36:00 PM
IPO Guru (1200+ Posts, 800+ Likes)
Like some other IPOs, Ethos also has shown a rosy picture if its December 21 ending results are compared with that of March 21. Profit jumped from 5.78 crore to 15.98 crore, more than 150% and assets also increased from 392 crore to 494 crore. Great.
15. K.Atar| Link| Bookmark|
May 12, 2022 11:37:35 AM
IPO Guru (1000+ Posts, 700+ Likes)
Why they did not applied ETHOS themselves when contemplating their ipo price band.? My view only, apply if you like, leave if you wish.
Yeah.. i have done 4 ERP implementation myself thus far for the clients and seldom any brings any value to the topline or bottomline.
It's just a fancy method to burn cash and also incur incremental cost ..one would imagine that ERP implementation and automation should bring headcount down but the opposite happens. Almost always it add more HC.
And if they had confidence in the business then why bring ofs..fresh equity could be raised.
Now anything can happen in IPO it can fly also coz the irrationality of the market.
For me it is a avoid.
2.3. antarix| Link| Bookmark|
May 11, 2022 9:12:26 PM
IPO Guru (1200+ Posts, 800+ Likes)
For white-washing their stores and for brain-washing the investors.