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Ethos Ltd. makes a weak debut on the bourses with scrip got listed at Rs 0.00 on the Bombay Stock Exchange, a 100.00 per cent discount to its issue price of Rs 878.00. On the National Stock Exchange, the stock was listed at Rs 830.00. The company, which raised 0.54 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 53.79 lakhs shares. The company, listed under B Group Securities post its IPO, opened for subscription from May 18 to May 20. Following a weak opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the BSE.

The company anticipates using the proceeds of the issue for Repayment or prepayment, in full or in part, of all or certain borrowings availed by the Company Funding working capital requirements of the Company Financing the capital expenditure for (i) establishing new stores and renovation of certain existing stores and (ii) upgradation of enterprise resource planning software General corporate purpose. Emkay Global Financial Services Ltd.,INCRED CAPITAL WEALTH PORTFOLIO MANAGERS PVT. LTD. as lead managers & KFIN Technologies Pvt. Ltd. is the registrar, to the issue. Meanwhile, the broader benchmark BSE Sensex closed trade at 54,884.66, up 632.13 points, or 1.16 per cent.