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Ethos Ltd
Ethos Ltd
Registered Office : Plot No 3,Sector III,Parwanoo Himachal Pradesh 173220 Phone : 91 1792 232 462/233 402
Fax :
Email : anil.dhiman@ethoswatches.com
Website : www.ethoswatches.com
Initial public offering of 45,81,500^ equity shares of face value of Rs. 10 each ("Equity Shares") of Ethos Limited (the "Company" or the "Issuer") for cash at a price of Rs. 878 per equity share (including a share premium of Rs. 868 per equity share) ("Offer Price") aggregating to Rs. 402.26^ crores (the "Offer"), comprising a fresh issue of 42,71,070^ equity shares aggregating to Rs. 375.00 crores^ (the "Fresh Issue") and an offer for sale of 3,10,430^# equity shares aggregating to Rs. 27.26^ crores by the selling shareholders referred to in annexure a. (the "Offer for Sale"). The offer constitutes 19.62%^, of the post-offer paid-up equity share capital. ^Subject to finalisation of the basis of allotment. #11,08,037 equity shares were offered under offer by selling shareholders out of which 3,10,430 equity shares were accepted proportionately under the offer for allotment. for details of the equity *The company, in consultation with the brlms, has undertaken a pre-ipo placement of 3,02,663 equity shares aggregating to Rs. 25.00 crores ("pre-ipo placement"). The size of the fresh issue as disclosed in the , aggregating to Rs. 400.00 crores, has been reduced by Rs. 25.00 crores pursuant to the pre-ipo placement, and accordingly, the fresh issue is Rs. 375.00 crore^. The company has informed all the pre-ipo investors/buyers that the offer may or may not be successful and the equity shares of the company may or may not get listed. ^Subject to finalisation of the basis of allotment
Opens On
Closes On
18-May-2022
20-May-2022
Application
Allotment
878.00
0.00
Minimum Application for shares in Nos : 17.0 Further Multiples of : 17.0
₹Cr
Lead Managers to the Issue
Project Cost (₹.Cr)
Project Financed through Current Offer (₹.Cr)
Post Issue Equity Share Capital (₹.Cr)
Issue Price (₹.Cr)
336.20
402.26
23.35
878.00
Emkay Global Financial Services Ltd
Incred Capital Wealth Portfolio Managers Pvt Ltd
- Repayment of pre-payment, in full or in part, of all or certain borrowings availed by the company
- Funding working capital requirements of the company
- Financing the establishment of new stores and renovation of the certain existing stores
- Financing the upgradation of ERP
- General corporate purposes
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