The allotment status for ECOS (India) Mobility and Hospitality Limited's IPO is expected to be finalized today, September 2, 2024. This follows a strong subscription period that closed on August 30, with the IPO receiving significant interest across all investor categories.
The IPO was oversubscribed, with the mainboard issue seeing a total subscription of over 64 times. Qualified Institutional Buyers (QIBs) subscribed to their portion 136 times, Non-Institutional Investors (NIIs) subscribed to their quota by 71 times, and the retail portion was booked 19.66 times.
Steps to Check ECOS (India) Mobility IPO Allotment Status on Registrar’s Website:
Steps to Check ECOS (India) Mobility IPO Allotment Status on the NSE Website:
You can also check the allotment status on the BSE website using your PAN or application number.
ECOS (India) Mobility IPO Details
The ECOS (India) Mobility IPO was a mainboard issue comprising an offer for sale (OFS) of 1.8 crore shares, aiming to raise ₹601.2 crore. The IPO price band was set between ₹318 to ₹334 per share, with a lot size of 44 shares per investor. Retail investors were required to make a minimum investment of ₹14,696.
The IPO listing date is tentatively scheduled for September 4, 2024.
ECOS (India) Mobility IPO Objectives
ECOS (India) Mobility & Hospitality Limited will not receive any proceeds from the offer for sale (OFS). Instead, the selling shareholders will receive all the proceeds, in proportion to the shares sold by them, as detailed in the company's Red Herring Prospectus (RHP).
About ECOS (India) Mobility and Hospitality Limited
Established in February 1996, ECOS (India) Mobility & Hospitality Limited offers chauffeur-driven car rental services across India under the brand name Eco Mobility. The company provides chauffeured car rentals (CCR) and employee transportation services, with self-driven cars available in Delhi, Gurugram, Mumbai, and Bengaluru.
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