ECOS (India) Mobility, a prominent player in the mobility sector, has today announced the price band for its Initial Public Offering (IPO). Here’s what you need to know:
- Price Band: The company has set a price range of ₹318 to ₹334 per share for its IPO.
- Offer Size: The IPO is worth ₹601 crore, with an offer for sale of up to 1.80 crore equity shares.
- Lot Size: Investors can bid for a minimum of 44 shares in one lot. Bids must be made in multiples of this lot size.
Currently, ECOS (India) Mobility shares are trading at a premium of ₹194 in the grey market. This unofficial market activity suggests that there is strong interest in the shares, indicating potential for higher returns once the shares are officially listed.
- Allotment Date: The allocation of shares is expected to be finalized on September 2, 2024.
- Listing Date: The shares are set to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on September 4, 2024.
ECOS (India) Mobility has been a prominent player in the electric vehicle market for over 25 years. The company provides chauffeur-driven car rentals and employee transportation services to major corporate clients, including Fortune 500 companies in India.
The ECOS (India) Mobility IPO is an exciting opportunity for investors interested in the electric vehicle industry. By understanding the IPO details, evaluating the company’s performance, and considering industry trends and risks, you can make a more informed investment decision. As always, consulting with a financial advisor can provide additional guidance tailored to your investment goals.
