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Following the listing, the market capitalisation of Ethos at the cap price would be around Rs 2,050 crore. Shares of the company are proposed to be listed on leading stock exchanges BSE and NSE both.
ICICI Prudential Mutual Fund, Jupiter India Fund, Saint Capital Fund, Nomura Singapore and UPS Group Trust are among the anchor investors.
At the upper end of the price band, the public issue is expected to garner Rs 472.3 crore, , Ethos IPO
Luxury and premium watch retail player Ethos on Wednesday said it has fixed a price band of Rs 836-878 a share for its Rs 472-crore initial public offering (IPO), which will open for subscription on May 18.
The IPO consists of a fresh issue of equity shares aggregating to Rs 400 crore offer-for-sale (OFS) of up to 1,108,037 equity shares, according to the DRHP.