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HomeMarketThis luxury watch maker is bringing its IPO, so the price band...

This luxury watch maker is bringing its IPO, so the price band will remain

Luxury watch seller company Player Ethos said on Wednesday that its initial public offering (IPO) will open on May 18.

Luxury watch seller company Player Ethos said on Wednesday that its initial public offering (IPO) will open on May 18. The price band for this IPO of Rs 472 crore has been fixed at Rs 836-878 per share.

Luxury Watch Dealers Company Player Ethos (ethos) said on Wednesday that initial public offering (IPO) Will open on 18 May. The total price band for this IPO is Rs 472 crore. (Price Band) 836-878 per share has been fixed. The company said in a press conference organized through video conference that the IPO (Upcoming IPO) Will be closed on 20th May. The IPO comprises a fresh offering of equity shares worth Rs 375 crore and an offer for sale (OFS) of 1,108,037 equity shares. The public offering at the upper level of the price band is expected to fetch Rs 472.3 crore.

The proceeds from the Player Ethos IPO will be used for debt repayment, working capital requirements, opening of new stores and general corporate purposes.

IPO of this company opened from today

Apart from this, let us tell you that the IPO of Delhi Limited, a well-known company in the supply chain sector, has opened from today. Earlier, the company also raised Rs 2347 crore from its anchor investors through IPO on Tuesday. According to information received from the BSE website, Delhi Limited has decided to allot 4,81,87,860 equity shares to its anchor investors at Rs 487 per share, taking the transaction size to Rs 2,346.74 crore. Let us inform that today i.e. on May 11, the Delhi IPO worth Rs 5235 crore has opened for the general public and bidding will be done till May 13 for this.

At the same time, LIC IPO closed on Monday with almost three times subscription. Domestic investors participated in large numbers while the reaction of foreign investors was cold. This is the biggest IPO in the history of the country. The government got Rs 20,500 crore from the sale of its 3.5 per cent stake in the country’s largest life insurance company. However, the low participation of foreign investors was downplayed by the government saying that it is an example of self-reliant India and the issue has got strong support from various sections of the investors. LIC IPO was open for subscription on 4th May and closed on 9th May.

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16,20,78,067 shares were offered under LIC’s IPO but in comparison to this, 2.95 times the bids have been made.

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