ECOS INDIA MOBILITY AND HOSPITALITY LIMITED

28 Aug 2024 - 30 Aug 2024 Individual Category Main Board BSE NSE

Min Investment

₹14696

Price Band

₹318-₹334

Issue Size

126 lakhs
Equity Shares

Lot Size

44

IPO Dates
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28 Aug 2024

Open Date

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30 Aug 2024

Close Date

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02 Sep 2024

Allotment Date

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04 Sep 2024

Listing Date

ECO Mobility is open for subscription from Wednesday, August 28, 2024, and closing on Friday, August 30, 2024. The price band for this IPO is set to Rs 318 – Rs 334 per share. ECO Mobility is offering a 100% book-built public issue. The company is offering entirely an offer for sale of 1.80 crore of equity shares amounting up to Rs 601.20 crore. The allotment for this new IPO is expected to be finalised on Monday, September 2, 2024. This IPO will be listed on the NSE and BSE exchanges on Wednesday, September 4, 2024. The IPO is managed by Equirus Capital Private Limited and IIFL Securities Limited which is book running the lead manager of this IPO. The company has appointed Link Intime (India) Private Limited as the registrar for the issue.

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About Ecos India Mobility And Hospitality Limited

ECOS (India) Mobility and Hospitality, established in 1996, is one of the largest and most profitable chauffeur-driven mobility providers to corporates in India in terms of revenue from operations and profit after tax for Fiscal 2023 (Source: F&S Report). They are primarily engaged in the business of providing chauffeured car rentals (“CCR”) and employee transportation services (“ETS”) and have been providing these services to corporate customers, including Fortune 500 companies in India, for more than 25 years. As of September 30, 2023, we have a pan-India presence in 109 cities through our own vehicles and vendors, spread across 21 states and four union territories in India, which underscores our deep-rooted and extensive footprint and demonstrates our penetration into diverse regions across India. They also provide self-drive cars in the cities of Delhi, Gurugram, Mumbai, and Bengaluru. They have also provided self-drive cars outside India through vendors.

Founded

1996

Managing Director

Rajesh Loomba, Aditya Loomba, Nidhi Seth, Rajesh Loomba Family Trust and Aditya Loomba Family Trust

Parent Organization

IPO Objectives

The Company will not be getting any proceeds of the OFS by the Selling Shareholders. Each of the Selling Shareholders, i.e. Rajesh Loomba and Aditya Loomba, will be entitled to the respective proportion of the proceeds of the Offer for Sale after deducting their portion of the Offer related expenses and the applicable taxes thereon.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

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