ECO Mobility IPO Details
The ECO Mobility IPO is a book build issue with a total issue size of ₹601.2 cr, and a offer for sale of 18000000 equity shares. ECO Mobility IPO opened for subscription on Aug 28, 2024 and closed on Aug 30, 2024. ECO Mobility IPO is set price band at ₹318 to ₹334 per share, with a lot size of 44 shares. Minimum investment for Retail investors was ₹14,696.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Sep 02, 2024, and listed on both the NSE and BSE on Sep 04, 2024.
MUFG Intime India Private Limited has been appointed as the registrar. Equirus Capital Private Limited and IIFL Capital Services Limited are the Book Running Lead Manager for the issue.
Before investing in the ECO Mobility IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 318 – 334
- Lot Size
- 44
- Issue Size
- ₹601.2 Cr
- Minimum Investment
- ₹14696 (44 Shares)
- Listing Date
- 04 September 2024
Current GMP
₹152 (+45.51%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About ECOS (India) Mobility & Hospitality Limited
ECOS Mobility and Hospitality is the largest and most profitable provider of chauffeur-driven mobility services to corporates in India. The company specializes in offering chauffeured car rentals (CCR) and employee transportation services (ETS), catering primarily to corporate clients.
As of 30 September 2023, ECOS Mobility and Hospitality operated across 109 cities in India, utilizing both its vehicles and those of vendors. The company’s services extend across 21 states and four union territories. In Fiscal 2023, ECOS Mobility catered to the CCR and ETS needs of over 750 corporate customers, completing more than 2,100,000 trips, averaging over 5,700 trips per day. Additionally, the company offers self-drive cars in Delhi, Gurugram, Mumbai, and Bengaluru.
ECOS Mobility and Hospitality operates a fleet of over 9,000 vehicles, ranging from economy to luxury cars, minivans, and luxury coaches. The company also offers specialty vehicles, including luggage vans, limousines, vintage cars, and accessible transportation for people with disabilities.
Peer Details
As per DRHP, the following are the listed peers of ECO Mobility Limited that are engaged in similar business:
- Wise Travel India Limited
- Shree OSFM EMobility Limited
ECO Mobility IPO Promoters
- Rajesh Loomba
- Aditya Loomba
- Nidhi Seth
- Rajesh Loomba Family Trust
- Aditya Loomba Family Trust
Promoters Holding
Holding Pre Issue
97.75%
Holding Post Issue
67.75%
ECO Mobility IPO Objective
The company will not directly receive any proceeds from the Offer and all the Offer Proceeds will be received by the Selling Shareholders, in proportion to the Offered Shares sold by the respective Selling Shareholders as part of the Offer.
Address / Contact Info
ECOS (India) Mobility & Hospitality Limited
45, First Floor, Corner Market
Malviya Nagar,
New Delhi-110017
Phone: +91 11 41326436
Email: legal@ecorentacar.com
Website: https://www.ecosmobility.com
IPO Snapshot
Book Running Lead Managers
- Equirus Capital Private Limited
- IIFL Capital Services Limited
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
ECO Mobility IPO is a Book-building IPO with a total issue size of ₹601.2 crore. The ECO Mobility IPO price band is ₹318 to 334 per share. The ECO Mobility IPO subscription opens on Wed, Aug 28, 2024, and closes on Fri, Aug 30, 2024. The ECO Mobility IPO will be listed on the NSE,BSE. MUFG Intime India Private Limited is the registrar for the ECO Mobility IPO.
The ECO Mobility IPO opens on Wed, Aug 28, 2024 and closes on Fri, Aug 30, 2024
ECO Mobility IPO Price Band is ₹318 to 334 per share.
ECO Mobility IPO lot size is 44 shares, Retail investors need a minimum investment of ₹14696 based on the upper price band
The minimum investment for ECO Mobility IPO is ₹14696, based on one lot of 44 shares at the upper price band of ₹334 per share.
Investors can apply for the ECO Mobility IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Aug 30, 2024. The application amount remains blocked until the ECO Mobility IPO allotment is finalized.
ECO Mobility IPO issue size is ₹601.2 crores.
ECO Mobility IPO allotment date is Wed, Jul 1, 2026.
The registrar for ECO Mobility IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check ECO Mobility IPO allotment status, refund processing, and other IPO-related information.
The ECO Mobility IPO GMP (Grey Market Premium) is ₹152 as of Fri, Aug 30, 2024. Based on the upper price band of ₹334 per share, the estimated ECO Mobility IPO listing price is ₹486, indicating a potential listing gain of approximately 0% over the issue price.