ECOS (India) Mobility & Hospitality Limited – This New Delhi-based company is offering 1.8 crore shares on OFS (offer for sale). The process of bidding began on August 28 and is supposed to end today, August 30, 2024. The target is to mobilise Rs 60.120 crore. According to reports, the IPO is oversubscribed 9.63 times on August 29, 2024. In the retail category the oversubscription was more than 9 times. Eco Mobility has set the price band of an equity share at Rs 318-334. One can apply for a minimum of 44 shares, which means an investment of Rs 14,696. The face value of one equity share is Rs 2.
ECO Mobility IPO GMP
According to investorgain, the GMP of this issue on August 30 stood at Rs 153. It indicates that the share might list at a premium of this amount. However, it has to be remembered that this is an unofficial indication only.
ECO Mobility IPO Allotment, listing
The date for allotment of shares on Monday, September 2, 2024. The shares of ECO Mobility will list both on BSE and NSE. Listing is expected on Wednesday, September 4, 2024. The refund will begin on September 3.
Financials
The company had a revenue of Rs 568.21 crore in FY24, Rs 425.43 crore in FY23 and Rs 151.55 crore in FY22 respectively. The PAT in these 3 years was recorded at Rs 62.53 crore, Rs 43.59 crore and Rs 9.87 crore. Total loans raised by ECO Mobility stood at Rs 21.72 crore, Rs 32.95 crore and Rs 3.34 crore in FY24, FY23 and FY22.
Company business
Apart from offering chauffeured car rentals the company provides employee transportation services too. Among its regular clients are Fortune 500 companies in India. Till the end of FY24, ECO Mobiity expanded its presence in as many as 109 cities in 21 states and 4 UTs. Among the cities where it offers self-driven cars are New Delhi, Gurugram, Mumbai, and Bengaluru.
The company boasts of a fleet of more than 12,000 vehicles across a range which includes passenger cars, mini vans, luggage vans, limousines, vintage cars and even specialised transportation for those differently-abled.
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ECO Mobility IPO GMP, subscription status: The company is in the business of providing chauffeur-driven and self-driven cars on rentals in different cities of India. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
