ECOS Mobility Stock Price :The stock of Ecos (India) Mobility and Hospitality (ECOS Mobility) was listed strongly in the stock market today. Amidst heavy decline in the market, this stock has given more than 25 percent return to the investors. The company’s stock was listed on BSE at Rs 391, while its IPO price was Rs 334. At the same time, the stock rose to Rs 426 in intraday, which is about 27 percent more than the issue price. This IPO was open between 28 to 30 August 2024. The size of the ROPO was Rs 601 crore. It received high subscription from investors.
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It was subscribed 64 times
Ecos (India) Mobility and Hospitality’s IPO received a tremendous response from investors. This IPO was subscribed 64.18 times overall. 35 percent quota was reserved for retail investors in the IPO and it was filled 19.66 times. 50 percent quota in the IPO was reserved for QIB and it was filled 136.85 times. While 15 percent quota was fixed for NII and it was filled 71.17 times.
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what the company does
ECOS Mobility provides car rental and employee transportation services. This company works for corporate clients, which includes Fortune 500 companies. The company has a fleet of 9,000 vehicles ranging from economy to luxury. This includes vehicles from luxury brands like Audi, BMW and Mercedes-Benz. The company’s client list includes companies from IT, business process outsourcing, global capability center, consultancy, healthcare, e-commerce, pharma, legal and manufacturing sectors.
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ECOS Mobility had fixed the price band for the IPO at Rs 318-334 per share. While in this, retail investors could bid for a minimum of one lot i.e. 44 shares. At the same time, retail investors could bid for a maximum of 13 lots i.e. 572 shares.
In the financial year 2023, the company’s revenue, expenditure and profit were Rs 425.43 crore, Rs 367.14 crore and Rs 43.59 crore. While for the financial year 2024, the revenue was Rs 568.21 crore, expenditure was Rs 485.89 crore and profit was Rs 62.53 crore.
