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May 18, 2022 - May 20, 2022

Ethos Limited IPO Review & Recommendations

Hem Securities and Nirmal Bang have given "Apply" recommendation to Ethos Limited IPO. Capital Market and Dilip Davda recommend to "Avoid" the IPO.Axis Capital and Emkay Global have "Not Rated" the IPO.

Ethos Limited IPO Review Summary from brokers and analysts

Review By Apply May Apply Neutral Avoid Not Rated
Count 2 0 0 2 2
% 33.33 0.00 0.00 33.33 33.33

Ethos Limited IPO Analysis By Brokers/Analysts

Reviewer Recommendation Past Reviews
Axis CapitalExternal link Not Rated
Capital MarketExternal link Avoid
Dilip Davda Avoid
Emkay GlobalExternal link Not Rated
Hem SecuritiesExternal link Apply
Nirmal BangExternal link Apply

Ethos Limited IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for Ethos Limited IPO is 39. Their analysis recommends Do not subscribe for the IPO.

Reviewer Rating Score Rating
Capital Market 39 Do not subscribe

Ethos Limited IPO Review by Dilip Davda (Avoid)

[Dilip Davda]  The company has posted inconsistency in its financial performance and the super earnings for 9M-FY22 raise eyebrows as well as concern over sustainability going forward. It is asking for a higher price at the upper band against pre-IPO placement done at Rs. 826 in March 2022. Even if we arrive at the P/E based on its super earnings, the issue is highly priced at 96 plus and based on its FY21 earnings, it stands at 354. There is no harm in skipping this pricy IPO. Read detail review...


Ethos Limited IPO Review by Members

Ethos Limited IPO Reviews, analysis and views by popular members. Read Ethos Limited IPO reviews by retail investors to find recommended ipo to buy.

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Ethos Limited IPO Review Summary by Members

Review By Apply May Apply Neutral Avoid
Count 1 0 4 14
% 5.26 0.00 21.05 73.68
Clear Search
Member Review
AAA JAI (200+ Posts)

Avoid

1. Too pricey. Not worth even Rs.200.
2. They don't manufacture a single piece of watch or clock. With high overheads in physical retailing, rising product prices, poor discounts and falling margins- I hardly see physical watch retailing a profitable business.
3. The promoter group, Kamla Dials, has poor reputation in watch industry.

May 19, 2022 2:43:08 PM
David Blake

Neutral

Should wait and see the reduction of valuation as it's too high.

May 15, 2022 11:04:13 PM
eVA
IPO Guru IPO Guru (1300 Posts, 1900+ Likes)

Neutral

Apply at your own risk

May 19, 2022 8:43:50 AM
ganesh jaiswal
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)

Avoid

better to completely avoid this IPO. Too Expensive

May 12, 2022 5:25:59 PM
GrowMoreET

Avoid

Price Band is very high

May 16, 2022 6:03:09 PM
IPOTraders
IPO Mentor IPO Mentor (700+ Posts, 300+ Likes)

Avoid

Irregularities in numbers, clear avoid

May 18, 2022 10:36:33 AM
Jackson Mathew

Apply for Long Term at Cut-off Price

The company is very small as compared to other listed retail players and focused on one category (currently), but there is scope for growth in future. On current valuations, it looks attractive on EV/EBITDA and EV/Sales basis, one can hold it for long term.

May 17, 2022 1:49:38 PM
KDKing🤴

Neutral

will watch only

May 14, 2022 4:28:42 PM
lokes
IPO Guru IPO Guru (4300+ Posts, 5100+ Likes)

Avoid

high valuations, unstable financials , and not a promising sector for future growth.....and current FY numbers looks to be cooked up for ipo and can't sustain

May 19, 2022 10:38:06 PM
Mayank Gupta

Avoid

At these valuations, one can prioritize Titan over this without a second thought.

May 13, 2022 6:57:24 PM
Raviamudha

Neutral

I am not much aware of this business.Will wait

May 15, 2022 3:08:51 PM
RKLEARNS

Avoid

High valuations

May 20, 2022 12:11:15 AM
Rupesh Yadav

Avoid

Very Expensive, avoid this and look for better option.

May 14, 2022 8:09:48 PM
Saurabh Goyal

Avoid

Looks very expensive pricing

May 13, 2022 11:24:17 PM
Shreeya Sowmya

Avoid

Overpriced in current market situation.

May 15, 2022 10:54:08 AM
Student.
Top Contributor Top Contributor (400+ Posts, 200+ Likes)

Avoid

The Cos Has Came to Primary Market Wid Very high Valuation....
Titan is A Good Alternative to This Company wid Good Valuation.....

May 13, 2022 9:02:19 PM
svh
IPO Guru IPO Guru (2300+ Posts, 3600+ Likes)

Avoid

Promoters have gone mad. They are asking for hefty fat bomb.

May 11, 2022 1:35:22 PM
Vilangilethu skariah joykutty

Avoid

Not a reputed firm

April 26, 2022 10:06:42 PM
Viraj shetty

Avoid

Sustainability would be a problem and too expensive

May 14, 2022 4:32:03 PM

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1 Comments

1. Mohammad Zubair     Link|May 10, 2022 8:22:55 PM
Working with lots of reputed brands