– ECOS (India) Mobility & Hospitality IPO opens for bidding from August 28 to August 30
– Company offering shares in price band of Rs 318-334 apiece
– ECO Mobility is a chauffeur driven car rental service provider in India
– IPO entirely offer-for-sale by promoters for Rs 610.20 crore
– Company operates in 109 cities with over 12,000 vehicles
– Clientele includes top companies like InterGlobe Aviation and HCL Corp
– Financial data shows net profit of Rs 62.53 crore in FY24
– 50% reserved for qualified institutional bidders, 15% for non-institutional investors, and 35% for retail investors
– Listing date on BSE and NSE tentatively set for September 4
– Brokerages recommend subscribing to the IPO for long-term or listing gains.