The IPO of Ecos (India) Mobility & Hospitality is expected to list at a premium of 45 percent over its upper price band.
- IPO Subscription: The IPO was subscribed 64.18 times, indicating strong demand for the shares.
- Company Business: Ecos provides chauffeured car rentals and employee transportation services.
- Industry Position: The company is well-positioned to benefit from the growing demand for digital solutions in the industry.
- Financial Performance: Ecos has shown strong financial growth over the past three fiscal years.
- Fleet Size: The company has a fleet of more than 9,000 vehicles.
- Offer for Sale: Up to 9,900,000 Equity Shares by Rajesh Loomba and up to 8,100,000 Equity Shares by Aditya Loomba
- Promoter Selling Shareholders: Rajesh Loomba and Aditya Loomba
- Red Herring Prospectus (RHP): Filed with the Registrar of Companies, National Capital Territory of Delhi and Haryana on August 20, 2024
