Tue Sep 03 12:25:50 UTC 2024: – ECO Mobility IPO to be listed on NSE and BSE on September 04
– Shares attracting 48% premium in grey market
– IPO subscribed 64 times, retail segment subscribed 19.66 times
– Company raised Rs 601.20 crore through fresh shares and offer for sale
– Company provides chauffeur-driven car rental services in India
– Valuation of company at P/E of 32.1x and return on net worth of 42.7%
– IPO recommended as “Subscribe”
– Lead book runners: Equirus Capital and IIFL Securities, Registrar: Link Intime India
– Manipur CM condemns drone attacks as terrorism, 2 deaths and 12 injuries reported
– PM Modi criticized for absence during visit to Brunei and Singapore amid ongoing violence in Manipur.

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