Should you subscribe to Ethos IPO issue?

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The Rs 472.29 crore IPO of Ethos, the premium watch retailer, kicked off for subscription on Wednesday, May 18.

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The company is selling its shares in the range of Rs 836-878.

Investors can subscribe to the issue by bidding for a minimum of 17 shares and in its multiples thereof.

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The Ethos network includes 50 physical retail stores in 17 cities in the country and has 7,000 different premium watches and 30,000 watches in stock at any given time.

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According to a report, revenue of the company grew 3 percent in FY20 and fell 16 percent in FY21 (impacted by Covid-19).

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