The initial public offer of luxury and premium watch retail player Ethos got fully subscribed on the last day of subscription on Friday. According to NSE data, the Rs 472.3 crore IPO received bids for 41,38,650 shares against 39,79,957 shares on offer, translating into 1.04 times subscription. Ethos IPO Gets Fully Subscribed on Last Day of Offer.
The quota for Retail Individual Investors (RIIs) got subscribed 68 per cent, non-institutional investors received 25 per cent subscription and Qualified Institutional Buyers (QIBs) 19 per cent.