Ethos Ltd IPO – How to Check Allotment Status Online

May 23, 2022 Trading 3 min read
Ethos Ltd IPO banner

The initial public offering (IPO) of Ethos Ltd, the largest luxury and premium watch retailer in India, was fully subscribed aided by the Non-Institutional Investors (NII). The IPO was subscribed 1.04 times as it received bids for over 41.38 lakh shares against the offer size of nearly 39.80 lakh shares, according to the data on stock exchanges.

The portion reserved for retail investors was subscribed 84%, while that of Non-Institutional Investors was subscribed 1.48 times. QIB quota received 1.06 times subscription.

Ethos Ltd IPO was open for subscription from May 18 to May 20 and the price band for the issue was Rs 836-878 per share. The consisted fresh issue of shares worth Rs 375 crore and an offer for sale of up to 11.08 lakh shares by shareholders and promoters. The total IPO size was Rs 472.29 crore.

Ethos Ltd is a premium watch retail chain operator which has a watch portfolio of 50 premium brands. These include Omega, Jaeger LeCoultre, Panerai, IWC Schaffhausen, Rado, Longines, Baume & Mercier, Bvlgari, H. Moser & Cie, Oris SA, Corum, Tissot, Raymond Weil, Carl F. Bucherer, Louis Moinet and Balmain. 

The company operates 50 physical stocks in 17 Indian cities in a multi-store format and has 7,000 different premium watches and 30,000 watches in stock at any given time.

Ethos Ltd IPO – Important Dates & Details

Issue Opening Date May 18, 2022
Issue Closing Date May 20, 2022
IPO Size Rs 472.29 crore
Price Band Rs 836-878 per share
Bid Lot 17 shares and in multiples thereof
Face Value Rs 10 per share
IPO Allotment Date May 25, 2022
Initiation of Refunds May 26, 2022
Credit of Shares to Demat May 27, 2022
IPO Listing Date May 30, 2022

Documents/details you will require to check Ethos Ltd IPO allotment status: 

PAN Card 

DP client ID

Application number

How to check Ethos Ltd IPO allotment status? 

Investors who had bid for the Ethos Ltd IPO can check the IPO allotment status of their application online, through these 2 modes:

The websites of BSE/NSE OR 

The registrar – KFin Technologies Ltd

How to check Ethos Ltd IPO allotment status through BSE/NSE website: 

Step 1: Visit

Step 2: Select ‘Equity’ in ‘Issue Type’

Step 3: Select ‘Ethos Ltd.’ in the Issue Name

Step 4: Enter the Application Number or PAN

Step 5: Verify and click on ‘I’m not a robot’

Step 6: Click on ‘Search’

How to check Ethos Ltd IPO allotment status through the registrar’s website: 

Step 1: Visit

Step 2: Select IPO: ‘Ethos Ltd.’

Step 2: Chose the Query by ‘Application No’ Or ’Demat Account’ Or ‘PAN’

Step 4: Enter the PAN, Application number or DPID/Client ID as per the selected option

Step 5: Enter the Captcha and click on the ‘Submit button.

Here’s how a typical IPO allotment search result page will look like: 


Application Number: Category: Allotted
958938 Retail        


Client ID: PAN:
187937401118 BKCGJ5869K

Applied: Allotted:
17 17

About – Ethos Ltd

Ethos Ltd operates an Omni-channel retail platform across India and sells its products through its stores categorised as Ethos Summit Stores, multi-brand stores, Ethos Boutiques, Airport Store, CPO luxury watch lounge and mono-brand boutiques, and via online channel.

Ethos Ltd has a leadership position in an attractive luxury watch market and has access to a large base of luxury customers. It has a pan-India presence and is India’s largest luxury and premium watch retail player having a 13% share of the total retail sales in the premium and luxury segment and a share of 20% when seen in the exclusive luxury segment in the financial year 2020.

Financials – Ethos Ltd 

The financial performance of Ethos Ltd has been inconsistent over the last few years. The company’s total revenue in FY21 was Rs 403.14 crore as against Rs 461 crore in FY20 and Rs 445.09 crore in FY19.

Ethos Ltd reported net profit of Rs 5.79 crore in FY21 against a net loss of Rs 1.33 crore in FY20 and net profit of Rs 9.89 crore in FY19.

Management – Ethos Ltd 

Yashovardhan Saboo is the Managing Director of the Ethos Ltd since its incorporation. He is the also promoter of the company.

Pranav Shankar Saboo is the Chief Executive Officer and Ritesh Kumar Agrawal is the Chief Financial Officer of the company.

Anil Khanna, Nagarajan Subramanian, Neelima Tripathi, Sundeep Kumar, Dilpreet Singh and Mohaimin Altaf are the Independent Directors of the company.

Manoj Gupta is the Executive Director, Patrik Paul Hoffman is the Non-Independent Director, while Chitranjan Agarwal is the Additional Director (Non-Independent) of the company.


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