– ECOS (India) Mobility & Hospitality IPO opens for bidding on August 28, with bidding open until August 30.
– Company selling shares in price band of Rs 318-334 per share, with minimum of 44 shares for investors.
– ECO Mobility is a chauffeur driven car rental service provider in India, primarily serving corporate clients.
– IPO is entirely offer-for-sale of up to 1.80 crore equity shares by promoters, raising Rs 610.20 crore.
– Company has fleet of over 12,000 cars and served over 1,100 organizations in India in FY24.
– 50% of offer reserved for QIBs, 15% for non-institutional investors, and 35% for retail investors.
– Shares scheduled to be listed on BSE and NSE on September 4.
– Brokerage firms suggest subscribing to the IPO for long-term or listing gains.