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Ecos Mobility Share Price Highlights: Stock settles 13% higher after listing at 16.7% premium on NSE
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.
- Current price: ₹443.4 (+13.7%)
- Open: ₹390
- High: ₹456
- Low: ₹380
- Issue price: ₹334
- Current price: ₹427.3 (+9.5%)
- Open: ₹390
- High: ₹456
- Low: ₹380
- Issue price: ₹334
The Ecos (India) Mobility and Hospitality IPO price band was set between ₹318 and ₹334 per equity share.
| Particulars | FY22 | FY23 | FY24 |
|---|---|---|---|
| Revenue | ₹147 crore | ₹422 crore | ₹554 crore |
| Net Profit | ₹9.87 crore | ₹43.5 crore | ₹62.5 crore |
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.
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.
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