Today’s share list. Experts anticipate a ‘lukewarm’ debut
Today’s Ethos IPO date: Shares of Ethos Ltd. will appear on Dalal Street today. According to the information available on the BSE website, the equity shares of Ethos Limited and its acceptance in transactions on BSE and NSE will be listed in the “B” list of securities on May 30, 2022. The Ethos shares will be listed in a special pre-opening session (SPOS) at 10:00 am today. According to stock market experts, Ethos stock may have a flat but positive list and the Ethos stock price may open R900 to R930 per lot in Indian stock exchanges.
Talking about anticipating Ethos IPO listing prices, Aayush Agrawal, Senior Analyst at Swastika Investmart Ltd. said, “The company does not have a listed counterpart, but the valuation required is very rich even though the outlook is good and the current volatile market is not favorable for the underlying issues with rich valuations. No There is a lot of activity in the gray market, so it is difficult to predict the exact listing price for Ethos shares. We expect a tepid listing due to exorbitant valuations but no positive surprise can be ruled out amid improving market sentiment.”
Anticipating a stable Ethos stock listing, Abhay Doshi, founder of UnlistedArena.com, said, “Ethos is expected to make its first stable listing on the exchange due to the muted response from participants due to the rich pricing and unfavorable market conditions.”
When the price of Ethos’ stock was first floated, Ravi Singhal, Vice Chairman of GCL Securities, said, “The appearance of Ethos stock may be tepid but it’s positive. You might miss the four-digit mark, but I expect it to open up all around.” R900 to R930 level. Much will depend on the opening of the market. If the market opens weak, in this case Ethos share may appear R900 per share while in the case of a positive opening, it may open around R930 levels each.
What Ethos IPO GMP Signals
According to market experts, shares of Ethos Limited are available at a discounted price of R5, which means that today’s Ethos IPO GMP is minus R5. This means that the gray market expects Ethos shares to be listed R873 ( R878 – R5), which is almost on par with the price range of the generic version.
Disclaimer: The opinions and recommendations above are those of individual analysts or brokerages and are not issued by the mint.