Ethos Limited IPO Review & Recommendations

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.

Neutral

Should wait and see the reduction of valuation as it's too high.

Avoid

better to completely avoid this IPO. Too Expensive

Avoid

Price Band is very high

Avoid

Irregularities in numbers, clear avoid

Apply for Long Term at Cut-off Price

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, one can hold it for long term.

Neutral

will watch only

Avoid

high valuations, unstable financials , and not a promising sector for future growth.....and current FY numbers looks to be cooked up for ipo and can't sustain

Avoid

At these valuations, one can prioritize Titan over this without a second thought.

Neutral

I am not much aware of this business.Will wait

Avoid

High valuations

Avoid

Very Expensive, avoid this and look for better option.

Neutral

Apply at your own risk

Avoid

The Cos Has Came to Primary Market Wid Very high Valuation....
Titan is A Good Alternative to This Company wid Good Valuation.....

Avoid

Looks very expensive pricing

Avoid

Overpriced in current market situation.

Avoid

Promoters have gone mad. They are asking for hefty fat bomb.

Avoid

Not a reputed firm

Avoid

Sustainability would be a problem and too expensive