Ethos shares tumble nearly 9% in debut trade
Zee News
The stock made its debut at Rs 830, registering a decline of 5.46 per cent from the issue price on the BSE. During the day, it tumbled 11.84 per cent to Rs 774. It settled at Rs 802.60, a fall of 8.58 per cent.
New Delhi: Shares of luxury and premium watch retail player Ethos Ltd on Monday listed with a discount and settled nearly 9 per cent lower against the issue price of Rs 878.
The stock made its debut at Rs 830, registering a decline of 5.46 per cent from the issue price on the BSE. During the day, it tumbled 11.84 per cent to Rs 774. It settled at Rs 802.60, a fall of 8.58 per cent.
At the NSE, the stock listed at Rs 825, lower by 6 per cent. It settled at Rs 801.40, lower by 8.72 per cent.
The company's market valuation remained at Rs 1,874.01 crore on the BSE.
The initial public offer of Ethos was fully subscribed by 1.04 times on the last day of subscription on May 20.
