ECOS Mobility Listed at Rs 334, Investors Gain Up to 17%
Last Updated: 04 September, 2024
2 min read
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ECOS Mobility & Hospitality Limited is the largest and most profitable chauffeur-driven mobility service provider to corporates in India, leading the market in terms of revenue and profits as of FY23. The company has been engaged in the business of offering chauffeur-driven car rentals (CCR) and employee transportation services (ETS) to corporate clients, including numerous Fortune 500 companies for more than 25 years.
The IPO of ECOS Mobility & Hospitality Limited was open for subscription from August 27, 2024, to August 29, 2024, to be listed on exchanges like NSE and BSE on September 4, 2024. The company had issued 1,80,00,000 shares and it offered all these shares as an offer for sale.
The IPO was subscribed 64.18 times the issue price leading to the last grey market premium(GMP) of Rs.126. The issue price of ECOS Mobility & Hospitality Limited was at a price band of Rs. 318-334 and the company was listed in the exchange at Rs. 334 which is a 16.77% increase from the allotment price.
To understand more about this stock you can check out our article on ECOS Mobility IPO analysis on Rupeezy’s Blog. The article explores the company’s financial health, competitive advantages, and the reasons behind the strong market response to its IPO. This analysis is crucial for investors aiming to make informed decisions.
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