Ethos Ltd files DRHP for IPO

Ethos Limited has on 22nd January, 2022 filed a Draft Red Herring Prospectus with the Securities and Exchange Board of India for an Initial Public Offer, comprising of fresh issue of Equity Shares aggregating up to ₹ 40,000 lakhs and an offer for sale of up to 11,08,037 Equity Shares by the selling shareholders.

Ethos Limited, is a material subsidiary of listed company KDDL Limited.

With 50 stores in India and over 60 premium luxury Watch brands, Ethos Watches is India's largest chain of luxury watch boutiques. We take pride in helping our customers choose the perfect watch for themselves or their loved ones, while protecting them from rampant malpractices in India such as smuggled, fake, and refurbished Watches.

Shares of KDDL Limited was last trading in BSE at Rs. 984.00 as compared to the previous close of Rs. 985.35. The total number of shares traded during the day was 4460 in over 617 trades.

The stock hit an intraday high of Rs. 990.00 and intraday low of 953.10. The net turnover during the day was Rs. 4349643.00.

Source : Equity Bulls

Keywords

KDDL INE291D01011 Ethos DRHP IPO FundRaising OfferForSale LuxuryWatches