Ethos Stock Lists at 6% Discount to Issue Price

Luxury watch retailer Ethos made a weak debut on the stock exchange and its shares traded at Rs 825. This is a 6% discount from the issue price of Rs 878 per share on the National Stock Exchange (NSE). Corresponds to Monday. After listing, the stock recorded a high of Rs 839.95 and a low of Rs 800. Stock market data shows.

At BSE, the stock opened at Rs 830, 5% below the issue price. In the post-trading market during the day, the highest price was Rs 839.65 and the lowest price was Rs 796.80.

The IPO managed to succeed with just 1.04x the subscription. The retail portion of this issue received 84% subscription, the high net worth portion received 1.48x coverage, and the institutional portion received 1.06x subscription.

Ethos has the largest portfolio of premium and luxury watches in India including, Omega, IWC Schaffhausen, Jaeger-LeCoultre, Panerai, Bvlgari, H. We sell 50  luxury watch brands such as Moser & C, Rad, Longines, Baume & Mercier and Oris SA. , Corum, Carl F. Bucherer, Tissot, Raymond Weil, Louis Moinet, Balmain. It boasts a healthy market share in India's luxury watches and the retail segment of luxury watches.