More than half of the investments by mutual funds last month went into the public issue of Life Insurance Corporation.
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In terms of volumes, Ethos traded with 26.37 lakh shares on the NSE, and 2 lakh shares on the BSE.
Ethos | The listing was on expected lines as the public issue just managed to sail through on the last day
The price range for the offer was at Rs 836-878 per share. Proceeds from the fresh issuance will be utilised for repayment of debt, funding working capital requirements, opening new stores, and general corporate purposes.
Hem Securities has come out with its report on Ethos. The research firm has recommended to ''Subscribe'' the ipo in its research report as on May 17, 2022.
The brokerages are optimistic about the growth prospects of the company as the Indian watch market is sizeable and pegged at Rs 13,500 crore in FY 2020. It is expected to grow at a ~10.6 percent CAGR over FY20-25E to reach Rs 22,300 crores
Ethos intends to raise around Rs 472 crore through the public issue that comprises a fresh issue of equity shares and offer for sale by the promoters and shareholders.
Choice Equity Broking has come out with its report on Ethos. The research firm has recommended to ''Avoid'' the ipo in its research report as on May 14, 2022.
ICICI Direct has come out with its report on Ethos. The research firm has recommended to ''Avoid'' the ipo in its research report as on May 17, 2022.
The price band for the offer has been fixed at Rs 836-878 a share, with the company looking to raise Rs 472 crore through issuance of fresh equity shares to Rs 375 crore and an OFS aggregating to Rs 97.29 crore
Prudent Corporate Advisory Services will finalise its IPO share allotment by May 18, while the share allotment with respect to Delhivery, and Venus Pipes & Tubes IPOs will get finalised by May 19.
IPO will open on 18 May for subscription and close on 20 May. The anchor book will open on 17 May.
US insurtech player Ethos' Indian workforce will serve the global markets and will make up 30 percent of its total employee base.
KDDL's subsidiary Ethos signs a pact with Swiss watchmaker to sell Corum watches. Speaking to CNBC-TV18, Yashovardhan Saboo, VC & CEO of KDDL said that Corum watches is a well-known Swiss brand.
A joint venture between Doha-based Aiana Hotels & Resorts and Leela Group is planning to bring the Indian service ethos to the Gulf region and beyond. The company might look at different types of products from hotels to resorts and serviced apartments.
Yashovardhan Saboo, Vice Chairman & Chief Executive Officer, KDDL expects the company‘s margins to improve, but admits that it remains a challenge.