– ECOS (India) Mobility & Hospitality’s IPO opens for bidding on August 28 and can be bid until August 30
– Shares will be sold in price band of Rs 318-334 apiece
– Company provides chauffeur driven car rental services in India to corporate clients
– IPO is entirely offer-for-sale of up to 1.80 crore shares
– Company had a net profit of Rs 62.53 crore for FY24
– IPO reserved 50% for QIBs, 15% for non-institutional investors, 35% for retail investors
– Book running lead managers are Equirus Capital and IIFL Securities
– Shares to be listed on BSE and NSE on September 4
– Brokerage firms recommend subscribing to IPO for long-term gains, listing gains, and for medium to long-term perspective