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ECOS Mobility shares climb nearly 9% a day after market debut, up 44.3% since listing
2 min read | Updated on September 05, 2024, 10:32 IST
SUMMARY
ECOS Mobility ended with a premium of 32% against the issue price of ₹334 on Wednesday. At the NSE, shares of the chauffeur-driven mobility provider were listed at ₹390, a premium of 16.7%. The scrip ended at ₹441, reflecting a surge of 32%.
Stock list
Ecos (India) Mobility and Hospitality provides chauffeured car rentals and employee transportation services.
In the early trade, the stock was trading 8.8% higher at ₹482.2 apiece on the NSE. Its market capitalisation stands at ₹2,893.5 crore.
It was up 9.3% to ₹484 on the BSE.
At the NSE, shares of the chauffeur-driven mobility provider were listed at ₹390, a premium of 16.7%. The scrip ended at ₹441, reflecting a surge of 32%.
ECOS (India) Mobility & Hospitality's initial public offering (IPO) was subscribed 64.18 times during the three-day bidding period.
The ₹601 crore initial share sale, which had a price range of ₹318-₹334 per share, was an offer for sale (OFS) of up to 1.80 crore equity shares.
ECOS Mobility: Financials
| Particulars | FY22 | FY23 | FY24 |
|---|---|---|---|
| Revenue | ₹147 crore | ₹422 crore | ₹554 crore |
| Net Profit | ₹9.87 crore | ₹43.5 crore | ₹62.5 crore |
About ECOS (India) Mobility & Hospitality
The Delhi-based company offers employee transportation services (ETS) and chauffeured car rentals (CCR) to corporate customers and has a fleet of over 9,000 vehicles, ranging from luxury to economic cars.
It also provides speciality vehicles like limousines, vintage cars, vehicles for people with disabilities and luggage vans.
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