Ethos Listing: Premier Watch Players Lists At Discount

Ethos, the premium watch entity is set to list on the bourses today.On the NSE, the stock listed at a price of Rs. 825, while its BSE open price is at Rs. 830. Further as of writing this report, the stock continues to tank further.

The company as per the BSE website, the equity shares of Ethos Limited shall be listed and admitted to dealings on the exchange in the list of 'B' group of securities in a Special Pre-open Session (SPOS) on Monday, May 30, 2022.

So, considering the IPO price of Rs 878, the stock considering the GMP may list at Rs. 875.

Further though market experts are of the view that the grey market is not a reflection of the company's balance sheet.

Expecting a positive listing of Ethos share, Ravi Singhal, Vice Chairman at GCL Securities said, "Shares of Ethos Limited may have a positive listing on Monday and in bear case it may list around ₹885 to ₹900 levels whereas in bulls case, Ethos shares may list around ₹920 to ₹930 apiece levels."