Ethos IPO: Ethos Limited shares are due to hit Dalal Street on Monday as the BSE notice had clarified that Ethos’ listing date is May 30, 2022. According to information available on the BSE website, the shares of Ethos Limited are to be listed and admitted to trading on the Exchange in the Securities Group ‘B’ list in a Special Pre-Open Session (SPOS) on Monday 30 May 2022 . According to stock market analysts, Ethos shares could have a positive listing. However, sentiment in the gray market is still negative. According to market watchers, Ethos Limited shares are available at a discount of €5 in the gray market today.
Ethos IPO GMP today
According to market observers, Ethos’ IPO gray market premium (GMP) is in the red today €5, meaning the gray market expects an Ethos listing at around €873 ( €878 – €5). The gray market is therefore expecting a discounted listing of the Ethos shares.
However, stock market experts said that the gray market is not an ideal indicator of the expected listing of an IPO because it is unofficial and unregulated data that has nothing to do with the company’s balance sheet.
Ethos IPO price
In anticipation of a positive listing for Ethos stock, Ravi Singhal, Vice Chairman at GCL Securities said: “Ethos Limited shares could have a positive listing on Monday and in a bear case they could list around €885 bis €900 levels while Ethos shares may trade around the corner on bulls €920 to €930 steps apiece.”
Commenting on Ethos’ listing, Ravi Singh, Vice President and Head of Research at Share India said: “Ethos’ issue price appears expensive when we compare it to the company’s performance over the past year, trading around the issue price or at a small discount. Investors can book their positions and wait for them to re-enter at lower levels for short-term gains or for market sentiment to stabilize.” He said much will depend on the nature of Monday’s market open.
Disclaimer: The views and recommendations made above are those of individual analysts or brokerage firms and not Mint.
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