Ethos IPO Price Band Issue Size And Other Details Upcoming Ipo 18 May 2022
IPO News Update: If you have a plan to invest...
IPO News Update: If you have a plan to invest money in the stock market or if you are thinking of investing in IPO in the coming days, then this is a good opportunity for you. In the next 3 days, you are getting a chance to invest money in the IPO of 2 companies. Ethos and eMudra IPO is going to open soon. In this, you can earn good profits by investing around 14000 rupees. Today we are telling you the details of Ethos IPO here-
Let’s check the details of IPO-
- Ethos IPO
- When will it be open – 18 May 2022
- When will it be closed – 20 May 2022
- Price Band – Rs 836-876 per share
- Minimum investment – Rs 14,212
- Lot Size – 17 Shares
- Issue Size – 472.29 Crore
How much will the fresh issue cost?
The company will issue a fresh issue of Rs 375 crore through the IPO of Athos. With this, 1,108,037 shares will be sold by the promoters totaling Rs 97.29 crore. Talking about the share of promoters, there will be a cut of 19.36 percent in it. At present, he currently holds 81.01 percent stake.
Can bid for 17 lots
In IPO, investors can bid for a minimum of one lot and a maximum of 17 lots. A retail investor can apply for 13 lots or 221 shares for Rs 1,94,038.
The company’s business is of luxury watch
The company is currently in the business of luxury watches. Its Watt portfolio includes watches from around 50 premium brands. The company has more than 50 stores in 17 cities. Along with this, a range of more than 7000 premium watches is included.
Disclaimer: The information provided here is being given for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. It is never advised to invest any money from ABPLive.com here.
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