– The IPO of ECOS (India) Mobility & Hospitality opens for bidding from August 28 to August 30
– The company is offering shares in the price band of Rs 318-334 apiece
– ECOS (India) Mobility offers chauffeur-driven car rental services to corporate clients
– The IPO is entirely an offer-for-sale of up to 1.80 crore equity shares by its promoters, amounting to Rs 610.20 crore
– The company reported a net profit of Rs 62.53 crore in the financial year 2024
– 50% of the offer is reserved for qualified institutional bidders, 15% for non-institutional investors, and 35% for retail investors
– Shares of the company will be listed on both BSE and NSE on September 4
– Brokerage firms have given mixed ratings for the IPO, with recommendations to subscribe for long-term gains, listing gains, and caution due to high valuation ratios