return to news
  1. Upstox
    /
  2. News
    /
  3. Market News
    /
  4. Stocks
    /
  5. ECOS Mobility shares climb nearly 9% a day after market debut, up 44.3% since listing

Market News

ECOS Mobility shares climb nearly 9% a day after market debut, up 44.3% since listing

WhatsApp Image 2024-06-20 at 9.58.49 AM.jpeg
By Kamal Joshi

2 min read | Updated on September 05, 2024, 10:32 IST

Twitter Page
Linkedin Page
Whatsapp Page

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

ECOSMOBLTY
--
shutterstock1031711597.webp

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

ECOS (India) Mobility & Hospitality Ltd shares jumped on Thursday, a day after making its market debut at a 16.7% premium on the National Stock Exchange (NSE).

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.

On Wednesday, ECOS Mobility ended with a premium of 32% against the issue price of ₹334.

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%.

Also Read: SENSEX up over 150 pts, NIFTY hovers around 25,250; RIL gains over 0.5%, Sona BLW rises 3%

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

ParticularsFY22FY23FY24
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.

About The Author

WhatsApp Image 2024-06-20 at 9.58.49 AM.jpeg
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.

Next Story