– The IPO of ECOS (India) Mobility & Hospitality is open for bidding from August 28 to August 30, with shares priced at Rs 318-334 apiece.
– The company provides chauffeur-driven car rental services to corporate clients, with a fleet of over 12,000 cars operating in 109 cities across India.
– The IPO is entirely offer-for-sale, with promoters selling up to 1.80 crore equity shares, valued at Rs 601.20 crore.
– Financial performance for FY24 includes a net profit of Rs 62.53 crore and revenue of Rs 568.21 crore.
– Various brokerage firms recommend subscribing to the IPO for long-term gains, citing the company’s market leadership, strong financials, and growth potential.