ECOS Mobility IPO allotment likely today: Steps to check status on NSE, Link Intime

ECOS (India) Mobility and Hospitality Limited IPO share allotment is expected to be finalised on Monday, September 2. The initial public offering of the mobility services provider closed with a strong demand on August 30.

The mainboard issue was subscribed a little over 64 times on the last day of bidding. The qualified institutional buyers (QIBs) subscribed their portion 136 times. The Non-institutional investors, or NIIs, subscribed their quota by 71 times, while the retail portion was booked 19.66 times.

Following the closing of the ECOS (India) Mobility IPO, investors are waiting to check their share allotment status, which will be finalised on September 2.

Bidders can check the allotment status on the NSE and registrar’s websites.

Steps to check ECOS (India) Mobility IPO on registrar’s website

• Go to the website of the registrar by clicking the link https://www.linkintime.co.in/
• Select the Investor Services option from the dropdown menu
• Click on public issues option
• From the list of company names, select ECOS (India) Mobility and Hospitality Limited
• Enter all the necessary details like your PAN and application number
• Click on submit and view the allotment status

Steps to check ECOS (India) Mobility IPO on the NSE website

• Go to the NSE IPO allotment status page through the link www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Log in with your username and password. Create an account on the NSE website if you already do not have one, to check the status
• After logging in successfully, select ECOS (India) Mobility and Hospitality Limited from the drop down menu from the issue name.
• Verify your PAN
• Enter your IPO application Number
• As the last step, click on Submit to view the allotment details

You can also check the allotment status on BSE using your PAN or application number.

ECOS (India) Mobility IPO offer size and other details

ECOS (India) Mobility IPO was a mainboard issue comprising entirely an offer for sale of 1.8 crore shares. The company aims to raise ₹601.2 crore via its initial share sale.

ECOS (India) Mobility IPO price band was fixed at ₹318 to ₹334 per share. The lot size was fixed at a minimum of 44 shares per investor and in multiples thereof. To bid for the IPO, retail investors had to make a minimum investment of ₹14,696.

Shares of ECOS (India) Mobility IPO listing date has been tentatively fixed as September 4.

ECOS (India) Mobility IPO objectives

Ecos (India) Mobility will not receive any proceeds from the OFS, the company said in its Red Herring Prospectus (RHP). The selling shareholders will receive all the proceeds from the IPO, in proportion to the shares sold by them.

About ECOS (India) Mobility and Hospitality Limited

ECOS (India) Mobility & Hospitality Limited, established in February 1996, chauffeur-driven car rental services in India. Under its brand name Eco Mobility, the company offers chauffeured car rentals (CCR) and employee transportation services. Self-driven cars are also offered by the company in Delhi, Gurugram, Mumbai, and Bengaluru.