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August 27, 2024

ECOS Mobility IPO:
5 things to know

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ECOS Mobility, a leader in car rental and mobility services, offers innovative solutions across India, catering to corporate and retail customers.

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ECOS (India) Mobility serves over 1,100 organisations in India, operating in 109 cities across the country. 

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The ECOS Mobility IPO will open between August 28, 2024, and August 30, 2024. 

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The issue is entirely an offer for sale (OFS) of 1.8 crore shares worth up to ₹601.2 crore. An OFS refers to the sale of shares by the existing shareholders of the company. 

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The price band is set at ₹318 to ₹334 per share, and the lot size is 44 shares. The minimum investment required to apply for the IPO is ₹14,696. 

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The company will not receive any funds from the IPO and all the proceeds will go to the shareholders who will offload their stake in the company. 

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