New Delhi: ECO Mobility IPO, a book-built issue of Rs 601.20 crore, opened for subscription on August 28, 2024 and close on 30th August. ECO Mobility IPO price band is fixed in the range of Rs 318 to Rs 334 per share. Ecos (India) Mobility & Hospitality Ltd provides Chauffeur-driven mobility. It is a Rs 601-crore initial initial public offering (IPO) and entirely an offer for sale (OFS) of 1.8 crore equity shares worth Rs 601 crore, at the upper end of the price band.
ECO Mobility IPO GMP
ECOS (India) Mobility IPO GMP is going strong at Rs 194, as per investorgain. The grey market premium price indicates that the stock is likely to get listed at a premium of 58 per cent. With the price band fixed at Rs 318 to Rs 334, the scrip might get listed at Rs 528 per equity share.
ECO Mobility IPO subscription status
As per the data available till 12:25 pm, ECO Mobility IPO got subscribed 1.11 times, with 1.50 times in the retail category, 0.00 times in Qualified Institutional Buyers (QIB), and 1.69 times in the Non-Institutional Investor (NII) category, Chiitorgarh.com reported.
ECO Mobility IPO allotment, listing
ECO Mobility IPO allotment is expected to take place on September 2, while the initiation of refunds process for unsuccessful applicants would start on September 3. The are likely to be credited to the demat accounts of eligible investors on 3rd September, while the stock will list on BSE and NSE with a tentative date September 4.
To apply for ECO Mobility IPO, a retail investor has to bid for a minimum lot size of 44 shares, which would require a minimum investment of Rs 14,696. For NIIs, the minimum lot size investment is 14 lots and for bNII it is 69 lots.
The company has raised Rs 180.36 crore from anchor investors on August 27 before its initial share sale opening for public subscription.
WhiteOak Capital Mutual Fund (MF), ICICI Prudential MF, Aditya Birla Sun Life MF, Nippon India MF, Troo Capital, Acacia Banyan Partners, Invesco Indio MF, Motilal Oswal MF, Bandhan MF, Edelweiss MF, and Tata MF were the anchor investors.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
ECO Mobility IPO opened for subscription on August 28, 2024. The ECO Mobility IPO GMP today is going strong. Ahead of IPO, Ecos India Mobility raised Rs 180.3 crore from anchor investors. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
