Ecos Mobility Share Price Highlights: Stock settles 13% higher after listing at 16.7% premium on NSE

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3 min read | Updated on September 04, 2024, 15:44 IST

SUMMARY

Ecos Mobility Share Price LIVE: Ecos (India) Mobility & Hospitality IPO, which had set a price band of ₹318-₹334 per share, was entirely an offer for sale.

Ecos (India) Mobility & Hospitality provides chauffeured car rentals and employee transportation services.

Ecos Mobility Share Price Live Update at 3:40 pm Stock settled 13% higher at ₹441 apiece on the NSE after making a debut at 16.7% premium.

Ecos Mobility Share Price Live Update at 3:05 pm: Trading stats

Current price: ₹443.4 (+13.7%)
Open: ₹390
High: ₹456
Low: ₹380
Issue price: ₹334

Ecos Mobility Share Price Live Update at 2:22 pm Ecos (India) Mobility & Hospitality shares were up 10.7% at ₹432 on the NSE.

Ecos Mobility Share Price Live Update at 1:29 pm: The company's market capitalisation stands at ₹2,610.3 crore, as shares are trading 11.5% higher at ₹435 apiece.

Ecos Mobility Share Price Live Update at 12:30 pm Stock trades 15.4% higher at ₹450.4 apiece on the NSE after making a debut at 16.7% premium.

Ecos Mobility Share Price Live Update at 11:30 am: Trading stats

Current price: ₹427.3 (+9.5%)
Open: ₹390
High: ₹456
Low: ₹380
Issue price: ₹334

Ecos Mobility Share Price Live Update at 11:00 am: The company's market capitalisation stands at ₹2,532 crore, as shares are trading 8.2% higher at ₹422 apiece.

Ecos Mobility Share Price Live Update at 10:30 am Ecos (India) Mobility and Hospitality shares were trading 10.2% at ₹430 on the NSE after debuting at 16.7% premium.

Ecos Mobility Share Price Live Update at 10:16 am Shares of chauffeur-driven mobility provider jumped 7% to trade at ₹417.5 on the NSE after debuting at 16.7% premium.

Ecos Mobility Share Price Live Update at 10:00 am Ecos Mobility shares made a decent debut, listing at ₹390 on the National Stock Exchange (NSE) at a premium of 16.7% over the issue price of ₹334. The stock opened at ₹391, up 17%, on the BSE.

Ecos Mobility IPO Listing Live Update at 9:17 am: What was the Ecos Mobility IPO price band?

The Ecos (India) Mobility and Hospitality IPO price band was set between ₹318 and ₹334 per equity share.

Ecos Mobility IPO Listing Live Update at 9:02 am: Financials

Particulars	FY22	FY23	FY24
Revenue	₹147 crore	₹422 crore	₹554 crore
Net Profit	₹9.87 crore	₹43.5 crore	₹62.5 crore

Ecos Mobility IPO listing LIVE: Shares of chauffeur-driven mobility provider Ecos (India) Mobility and Hospitality will list on the NSE and the BSE on Wednesday, September 4.

The ₹601.2 crore IPO was subscribed 64.18 times during the three-day subscription period from August 28 to August 30. Bids for 80.86 crore shares were received against the 1.26 crore shares on offer.

Category	Number of times subscription
Qualified Institutional Buyers (QIBs)	136.85
Non-institutional investors	71.17
Retail Individual Investors (RIIs)	19.66

The public offer, which had set a price band of ₹318-₹334 per share, was solely an offer for sale.

Also Read: Upcoming IPOs: SK Finance among 3 companies to get SEBI's go-ahead to float public offers; check list

Prior to the IPO, the company had mobilised ₹180.36 crore from anchor investors.

About Ecos Mobility

The Delhi-based company has been providing chauffeured car rentals and employee transportation services to corporate clients for more than 25 years. It has a fleet of more than 9,000 vehicles, ranging from economy to luxury cars.

In the financial year 2023-24, Ecos Mobility completed 31 lakh trips, averaging more than 8,400 daily trips.

To know more about IPO listings and upcoming IPOs, click here.

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About The Author

Kamal Joshi is a business journalist who covers industries, markets and IPOs. He is passionate about breaking news and enjoys playing tennis, where he loves flexing his backhand.

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Ecos Mobility Share Price Highlights: Stock settles 13% higher after listing at 16.7% premium on NSE

About Ecos Mobility

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