– ECOS (India) Mobility & Hospitality (ECO Mobility) IPO is open for bidding from August 28 to August 30, with shares priced at Rs 318-334
– The company offers chauffeur driven car rental services to corporate clients in India
– The IPO is entirely an offer-for-sale by promoters, aiming to raise Rs 610.20 crore
– ECO Mobility operates in 109 cities across India with a fleet of over 12,000 cars
– Financial data shows net profit of Rs 62.53 crore and revenue of Rs 568.21 crore for FY24
– Canara Bank Securities, Swastika Investmart, Arihant Capital Markets, Anand Rathi Research, StoxBox, and SMIFS recommend subscribing to the IPO for either long term or listing gains.